| | Why Keller Williams Integrity Realty?
Did you know that Keller Williams is the fastest
growing company in the nation, who has just reached over 77,000 agents?
Why
are so many top national agents like Tom Brodie and the Harker Team
choosing Keller Williams? What do these
established agents see that you don't?
Commission Splits
We bring all of our agents into Keller Williams
Integrity Realty on a minimum 70/30 commission split. Your initial
split is determined by your previous years' production, and ranges from
70/30 to 95/5.
When the % going to Keller Williams
Integrity Realty
equals $19,500 plus the $3,000 franchise fee, the agent "caps" for the
balance of their year and is paid at 100% for the remainder. (Each
partner's year begins the first of the month after they join us). Your
commission split and production will determine when you reach this
maximum contribution to the company.
Remember, the
"other" companies
just keep taking and taking, no matter how much you make or what your
split is.
Now lets look at an example of what goes
into your pocket.
Let's assume that the average commission is 3% per side of a
transaction. Then, let's assume the agent is on the starting split,
70/30. Most experienced agents would start at a much higher split, but
let's look at a new agent. If you sell $2,000,000 your first year in
the real estate business (an average agent would be here), the money
you bring into the company will be approximately $60,000. With Keller
Williams Realty you will make about $37,500. If you go with another
local company on a 50/50 split, you will make about $29,362. The
difference in your take home is $8,138. What could you do with an extra
$8,000 a year?
Now lets look at a $5,000,000
producer. After they cap
it really makes a difference. With Keller Williams Realty they will
take home about $127,500. With another local real estate company
(assuming a 50/50 split), they would take home about $69,000. The
difference in your take home is about $58,000, and it only gets better
from there. That's A LOT of money!
Your Expenses With Keller Williams Integrity
Realty
Keller Williams Realty Fees: KW Consortium (Technology) Fee:
$20.00 Per
Month
E & O Insurance: $25.00 Per Month
Office Space Actual cost - no markup!
No Institutional Marketing Fees, no high technology
fees, no
transaction fees, no high desk fees, no hidden fees or nickel and
diming for various items! Office space is offered at an actual
pass-through cost - it IS NOT a profit center for the office to make
money off you. You pay only for what you use and only the actual cost
of the space. If you office from home, you pay nothing. The average
size office costs around $200 - $300 per month - the cost of a couple
transaction fees at the "other" real estate companies!!
Just
like most
companies, our agents pay all their expenses including, but not limited
to: business cards, open house signs, signs riders, name badges, etc.
We have negotiated and will continue to negotiate competitive
discounted rates with local advertising sources and vendors.
When
other
companies tell you they will give you stuff for free, they can well
afford it from the profits they are making off your production! Just
keep in mind that there is a reason that they can provide these items,
and YOU are paying for it!!
Profit
Sharing
Recruiting
new partners into Keller Williams is our lifeblood. Since everyone pays
the same amount into the company, it is the only way we can make our
offices more profitable - by adding agents. We believe in rewarding our
agents who help our company grow, and we share our profits with the
agents that recruited the agents that help us make a profit. The Keller
Williams profit sharing program is where I have heard most of the
misinformation about our company, but it is actually very simple and is
NOT a "pyramid scheme". In fact, other local companies offer a "profit
sharing" plan, but if you look at it, it pales in comparison to what is
offered at Keller Williams. This year Keller Williams will distribute
nearly $20 million dollars to its associates in profit sharing. We have
partners who, after they cap, are making over 100% in commission
because of profit sharing. How's that for an added bonus?
Technology
Keller Williams' technology is competitive or superior to any local
company I've seen. The $10/month consortium fee covers email, your own
personal website, intranet, online forms, marketing items, and many,
many other items you can only believe once you see it for yourself.
Training
Keller Williams University features multiple courses to help you grow
your business and increase your production, as well as manage your time
more efficiently and ultimately get more out of your life. KW wants you
to learn to work smarter,
not harder, so that your life is in balance
and you can spend more time on the things that matter. Keller Williams
feels so strongly that in order to make the marketplace better, the
agents need to have education available, that their courses are open to
the public! That's right, the competition is welcome to
attend the
courses. How many real estate companies open their doors to their
competitors?
Open Books
Keller Williams
strongly believes in accountability. One of the ways they accomplish
this is to have an open book policy. Any agent from any office can view
the profit and loss statements from any other office around the
country. Expenses, profit, income - it's all there to see. When is the
last time your company showed you their books?
Agent Input
The agents at Keller Williams have true input into how their offices
are run via the ALC (Agent Leadership Council) which consists of the
top 20% of the agents in the office. The ALC makes decisions on office
policy, budget, and other issues concerning the agents. The idea of
agent participation is not just an illusion - it is a formal,
implemented process.
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