SHOCK AND AWE! I confess! I moved to Keller Williams

By
Education & Training with Real Estate Expert Witness Support

The word in our market went out the other day,  and as expected,  it turned a few heads.  In our market,  KW is pretty new,  so not too many top agents are at KW or in many cases,  even heard of it.

Many have asked me or emailed me to know why,  so I thought I would blast the world.  NO,  I am not trying to recruit you. If I was,  I would be calling you directly.  You are all big boys and girls and can make your own decision of how your real estate career is or should be,  so my post is for information only.

First, I have 30 years in the biz,  many as a manager of large offices....... including my last office at Coldwell Banker.  So,  my background is what I would call a traditional large company mode.  So,  when I heard the KW model,  I was pretty skeptical.  This is really silly because I should have known about it.  I moved from Texas 30 years ago and have relatives back there.  My wife is from the Austin area,  so we travel back there all the time.  For those who don't know it,  Keller Williams owns the market there. So, again .......duh!  I had no idea.

Anyway,  back to my story.  If you will look at my profile,  I could have chosen any company.  So,  the question get's raised again. why Keller Williams???? I have only been here a few week but here are a couple of things that I am very impressed by:  (not necessarily in order of importance)

  • Splits start at 70%,  even for new agents

·         There is a small max that an agent pays the company, then 100%.  YES!

·         The agents are partners,  thus share 50% the office profits.  $130 Million to date.

·         Agents can buy into their offices to become owners to share the other 50%

·         Office culture and direction guided by Agent Leadership Council - top 20% producers

·         There is constant training,  not just for new agents. Offices have 2-4 inhouse trainings per office and agents can attend any office's training if their office isn't doing that class this week

·         There is in-house goal planning and coaching.  No matter where you are in your career, this is impressive and much needed.  too easy to get stuck in doing the same thing.

·         There are about 200 training videos online on every conceivable subject.  Most are done by top agents,  not just some hired trainer

·         Open financial books transparency to all the agents.  Don't remember that one at CB

·           Agent developed systems which allow agents to grow their business.  Very impressive and very sophisticated.

·         Lots of graphics and templates online for agent use

·         There are support groups for top Mega agents and others and even seperate retreats

  • Their national convention is very impressive.  Literally hundreds of breakout sessions run by in the field top agents on every conceivable subject.

·         Agents given lots of latitude to brand themselves,  not the company. 

·         Fourth largest company is US, predicted to pass REMAX to become #3 soon

·         Fastest growing company in US with 80,000+ agents

·         KW Cares is their inhouse humanitarian effort.  Their efforts following Katrina were pretty inspiring

·         I am sure I am missing some ……

OK,  I am more than a little impressed!

Posted by

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Guy Berry

Email - guy@guyberry.com

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Comments (10)

Joe Woutersz
HUNT Real Estate ERA - Queensbury, NY

We have just had KW move onto our area.  I am in upstate NY.  They have been up and running for about 3 weeks and have about 15 agents.  In our case there seems to be a hefty franchise fee associated with it,  no advertising budget, desks, or phone system.  I think the overall concept is very good, and I am certainly curious about their future here.  

Oct 22, 2008 12:47 PM
Stephen Kappre
KW Hometown - Mantua, NJ
Helping You Home

More KW offices have opened around here in the last few years (NJ).  Something must be going right!  I loved The Millionaire Real Estate Agent, MREI too. 

Oct 22, 2008 12:51 PM
Guy Berry
Real Estate Expert Witness Support - San Jose, CA
Real Estate Broker and Legal Expert

Joe,

It is worth checking out.  Like all offices, it matters who the manager is and have they attracted any top agents.

Oct 22, 2008 12:51 PM
Kathy Toth
Ann Arbor Market Center Keller Williams - Ann Arbor, MI
Ann Arbor Real Estate Experts - Kathy Toth Team

Welcome to KW, I just joined in March of this year and am thrilled after 10 years to still be learning every day in the Ann Arbor Market Center.  info@KathyToth.com

Oct 22, 2008 01:01 PM
Betina Foreman
WJK Realty - Austin, TX
Realtor, C.N.E., with WJK REALTY

I have been with KW almost two years and I love it. I am so happy I am on the Culture Committee to welcome the new agents to our MC. You are a little out of my area, but WELCOME HOME!!

Betina Foreman, Realtor Austin Texas

Keller Williams- Southwest Market Center

Oct 22, 2008 01:32 PM
Jared Wangsgard
Holladay, UT

Well if you were recruiting you had me sold! too bad i'm not in your market.  Thanks for the good info. I didn't realize they offered all those benefits.

jared.pro

Oct 22, 2008 01:41 PM
Gary McNinch
Better Properties Real Estate - Renton, WA
Broker, Renton WA Real Estate

Guy,

Welcome.  When I started we had about 200 offices and only 7,000 agents.  Quite a change, now with 700 offices and over 70,000 folks.  Great company, excellent training and values.  And you should be recruiting.    In fact, call Jared and tell him we have an office in Ogden and give him the name and the phone of the team leader. You will be doing him a favor.   It is great to have another top notch veteran businessman and trainer in our company,

List and Sell (and use those red signs)   Gary @ RentonHomeFinder

Oct 22, 2008 01:52 PM
Guy Berry
Real Estate Expert Witness Support - San Jose, CA
Real Estate Broker and Legal Expert

Hope all of you have a chance to read some of my 50 or so posts on my site.  After all these years with big companies, it is also somewhat of a culture shock to have a company that is really agent focused.

Oct 22, 2008 02:00 PM
Mary Pope-Handy
Sereno Group Real Estate - Los Gatos, CA
CRS, CIPS, ABR, SRES, Silicon Valley

Hey, I think I recognize some of these "plusses" (LOL). It's a long list for sure of reasons why agents are attracted to KW once they know about it. Now we just have to get the attention of great Realtors in Los Gatos, Monte Sereno, and Saratoga, and let them know what you and I know, Guy!

Mary Pope-Handy --> glad that Guy Berry is now with KW!

Oct 22, 2008 03:10 PM
Jeff Payne
The Payne Group at Keller Williams Success Realty - Panama City, FL
Panama City Real Estate

Welcome Guy, KW is a great company.  Don't forget that KW has no debt, they practice what they preach which is lead with revenue.  Systems and models based on best practices of the top agents around the country.

See you at family reunion in Orlando!

Oct 23, 2008 07:38 AM