At most real estate companies, when the work stops, so does the paycheck. Not at Keller Williams!
KW understands that agents can’t be in production forever. I confess I used to joke that I would work until I died and as I get older those words don't flow as easy as they once did. When I came to KW, my associates did a good job at convincing me that I needed to stop kidding myself. They set me on a path to clear out debt and to set up passive income routes that will carry me comfortably through my retirement years.
One of those paths is the KW profit share. The profit share system was created as a financial tool to allow KW associates to build inheritable wealth through passive income for retirement. Yes I said inheritable, just like a life insurance policy the kw agent will name a beneficiary when they join the company.
Death is a sad part of life that often leaves loved ones in a financial bind. A few years ago we lost our broker in a tragic carbon monoxide accident. I still get choked up when I think of her son handing his dad the profit share checks that continue on and on. While it doesn't make up for loosing such an amazing woman, it is a gift that keeps on giving because there is NO end to profit share. The profit share is not only for today, but it is also part of the legacy you will leave behind.
Traditional real estate brokerages part of the commission goes to the agents and part to the company. The brokerage pays the operating expenses and the rest is the company profit. End of story.
Here’s how the KW profit share works:
At Keller Williams the amount paid to the company is capped each year and the agent starts keeping 100% of their commissions. When deals close, KW associates who haven’t yet met their cap pay company dollar to their market center just like other companies. The market center uses this money to pay operating expenses. What’s left over is profit. The big difference here is that unlike other companies, a portion of that company profit is shared back with the associates who helped the company grow by bringing on productive agents.
Gary Keller had a lofty goal of growing the company to 50,000 agents and we soared way past that at $182,000 and still growing. The profit shared back to the agents is now over 1.3 Billion dollars. WOW!!!!
If you are thinking about a career in real estate or if you are thinking of making a change in real estate offices
PLEASE give me a call 208-610-0011