1,506,773
Good use of Anonymous posting! I've heard good things about KW, but I've also heard it's a bit "cult-ish" and there is a lot of "kool-aid" being consumed there.
With that said, if you aren't feeling supported by your current broker, I'd suggest having a heart to heart with the broker. Please keep in mind, that it is not the broker's job to send business to you. It is your job to find business.
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Bonnie Henderson
Tustin, CA
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Chris Ann Cleland
Gainesville, VA
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Michael Jacobs
Pasadena, CA
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Tony and Suzanne Marri...
Scottsdale, AZ
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Susan Haughton
Alexandria, VA
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Lise Howe
Washington, DC
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Nina Hollander, Broker
Charlotte, NC
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Curtis Evans
Golden Meadow, LA
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Debra Leisek
Homer, AK
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Melissa Jackson REALTOR
Azle, TX
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Allie Angeloni
Oro Valley, AZ
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Kathleen Daniels, Prob...
San Jose, CA
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Mimi Foster
Colorado Springs, CO
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Women of Westchester W...
West Harrison, NY
921,504
That depends on you!
The brokerage is never the cause of success or failure.
The right answer to your question is clearly defined in your business plan.
The broker who gets you engaged in transactions aligned with your business plan is the one to choose.
You do have a business plan that states your income gaols, your preferred business transaction type, where it's located, how many exist and how you will get in touch with them. But your business plan is not what you show the broker until......
You ask the broker ONLY ONE question. Their answer will reveal your future if you choose them.
What is the annual transaction sides per agent in this office?
If they say something close to 9, keep looking.
If they say something closer to 20, you have found your spot.
Now you simply need to follow directions and that is harder than you think.
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Althea Kippes, Esq.
San Francisco, CA
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Nina Hollander, Broker
Charlotte, NC
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Melissa Jackson REALTOR
Azle, TX
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Pete Xavier
Pacific Palisades, CA
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Allie Angeloni
Oro Valley, AZ
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Gabe Sanders
Stuart, FL
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Bob Crane
Stevens Point, WI
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Bob Betel
Sweetwater, TN
941,428
It is what you make of it and what you need. You asked specifically about Keller Williams you judge for yourself(and other agents) how KW made out with us, and how we did in 2015.
*** we kept 90.1% of all commission income after paying the office split, franchise fee, and monthly "office bill". Keller Williams ended up with 9.9% of our income made.
*** there were many, many educational opportunities offered and we chose to attend what we felt was beneficial. (maybe 6 total classes in 2015)
*** when we felt we needed help we contacted our broker
*** Franchise fee is capped at $3,000 so you pay no franchise fee above $1.67 million in production. Check that out with the other brokerages as you can lose a lot to many of the major franchises. As an example some of the top producers in our market were above $20 million(laughable in many of your markets as our average county home sale is around $150,000), but an agent NOT with Keller Williams would be paying out an extra $25,000 to $27,000 in franchise fees to many of the major national brokerages based on $20 million in production. That adds up!
*** Our KW spilt is capped and the amount depends where your market center is located. If you don't sell any houses in a certain month the only thing you pay KW is the monthly office bill based on technology fees, website, E & O insurance, and copy machine use. Our average monthly bill last year was $116. In our market center the maximum split we have to pay out is $18,500 for someone who does over $2.2 million in production. After that you keep 100%. Your split is based on your production SOLD.
*** It may not be a good move to go to an office "with high production agents" if you are NOT producing much and you still have to pay a very high monthly office bill, pay for advertising that benefits the brokerage brand and not you, work beside agents or for a broker that offers little help as you are viewed as a competitor or the office gets your money whether you sell a home or not, and where it is hard to brand yourself on signage where the best you can do is squeeze in a small rider with YOUR NAME or cell phone number.
*** There is a lot of misinformation out there about "profit share" at Keller Williams but know this: any profit share an agent receives COMES FROM THE OWNERS not from the commissions of other agents.
It depends what you need, what you want to keep, and how good the brokerage management and agents are where you end up.
Do check around and interview agents and the broker!
Oh, by the way if you have any questions please call me from my contact info on my profile. (that way we can increase our profit share-but remember it comes out of your brokerage owner's pocket-not yours) ^_~
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Ryan Huggins - Thousan...
Thousand Oaks, CA
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Michael Jacobs
Pasadena, CA
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Tony and Suzanne Marri...
Scottsdale, AZ
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Sam Shueh
San Jose, CA
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Kathleen Daniels, Prob...
San Jose, CA
913,818
I wouldn't start out jumping around. They always recruit so don't be surprised if more try to recruit you down the road.
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Chris Ann Cleland
Gainesville, VA
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Nina Hollander, Broker
Charlotte, NC
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Melissa Jackson REALTOR
Azle, TX
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Allie Angeloni
Oro Valley, AZ
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Mimi Foster
Colorado Springs, CO
902,238
From what I know, they have a very different business model, so make sure you explore exactly how they work so you know what you're getting into. If you are new, it would be good for you to be with a brokerage that provides training and mentors.
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Susan Haughton
Alexandria, VA
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Nina Hollander, Broker
Charlotte, NC
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Kathleen Daniels, Prob...
San Jose, CA
400,356
Just as with any brokerage, some agents love Keller Williams and others not so much. You have to find the best match for you. Prepare a list of questions to ask when you meet with the team leader, office manager or broker.
Keep in mind that your success depends on you. Host open house often. If you don't have your own listings, ask colleagues if you can hold theirs open.
As a side note, the person who brings you to Keller Williams will get an override on your sales production. It's not necessarily a bad thing, rather it is something for which you should be aware. Consider if the person is looking after your best interests or their own.
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Nina Hollander, Broker
Charlotte, NC
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Women of Westchester W...
West Harrison, NY
4,583,784
Two great answers by Ryan Huggins - Thousand Oaks, CA and Bruce Walter.
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Ryan Huggins - Thousan...
Thousand Oaks, CA
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Bruce Walter
West Lafayette, IN
4,319,773
Well, I love KW - however, it may not be a best fit for everyone.
IF you are interested in education and training based company where brokers share their profit with agents, KW is the way to go.
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Lise Howe
Washington, DC
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Nina Hollander, Broker
Charlotte, NC
2,707,721
Very good use of anonymous posting and I am going to agree with the other comments here... Ryan Huggins - Thousand Oaks, CA answered your question perfectly!
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Ryan Huggins - Thousan...
Thousand Oaks, CA
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Nina Hollander, Broker
Charlotte, NC
2,224,473
There are advantages to working for national chains. I've done it, but I prefer the small locally owned companies. I have friends that work for KW and they like it. I've also had friends leave KW.
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Nina Hollander, Broker
Charlotte, NC
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Kathleen Daniels, Prob...
San Jose, CA
863,432
I enjoy KW for all it offers at any level you care to be at. On the other hand like many have said here already, a horse can be led to water and it does no good if it chooses not to drink. Mark
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Lise Howe
Washington, DC
223,831
I've always heard they have good training for new agents
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Lise Howe
Washington, DC
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Nina Hollander, Broker
Charlotte, NC
1,242,204
Their strength is on the team and training. I worked there for 6 years and was a coach mentoring others. Some offices are better than others....
This bottom photo was from KW volunteering (reds) and people seem to be friender KW Realty
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Lise Howe
Washington, DC
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Sam Shueh
San Jose, CA
6,423,260
They do have a lot of raving fans out there, probably a great company to work with.
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Bob Crane
Stevens Point, WI
225,526
I would read Annette Lawrence's comments over and over again. Excellent answer.
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Nina Hollander, Broker
Charlotte, NC
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Bob Crane
Stevens Point, WI
3,071,489
5,115,873
Each Keller Williams office is individually owned, so you need to assess the office that is recruiting you. You should speak to other KW agents. It is a good firm for new agents because they have great training for them. I spent three years at KW and felt as if I had gone over to the "dark side." Not my cup of tea... too much like a cult. But that's me and I was an agent with two decades of exerience when I joined them.
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Lise Howe
Washington, DC
3,168,134
no one can answer that question for you, but you.
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Nina Hollander, Broker
Charlotte, NC
3,988,013
It is not always about the commission but the whole package, support and company attitude, training and reputation. Check out everything and talk to agents that work there and have worked there.
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Nina Hollander, Broker
Charlotte, NC
321,564
Talk to your current broker. If nothing changes, interview with other offices. What do you want? Like others have posted- There is good & bad with KW.
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Nina Hollander, Broker
Charlotte, NC
1,683,912
I've never worked for them, so I can't help you.
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Nina Hollander, Broker
Charlotte, NC
3,350,439
It depends on if you like what they have to offer and if you feel you are a good fit for the office. I personally am not a fan of the company ... but that means bunk in the scheme of things. Investigate ... talk with agents in the office ... get a good feel before you jump.
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Nina Hollander, Broker
Charlotte, NC
4,180,854
5,062,845
I have good things in general, especially about training, but alot depends on you. I would talk to some other KW agents and ask them some pointed questions before making a final decision
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Nina Hollander, Broker
Charlotte, NC
4,966,025
All companies are good if you do it right.
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Nina Hollander, Broker
Charlotte, NC
4,800,132
Each office is different and I can't say whether one or another would be a good fit for you or not.
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Nina Hollander, Broker
Charlotte, NC
27,808
5,583,328
every company is as good as the agents who work for it..... make sure you clearly understand the philosophy of the company before you take the dive.... the attitude of the agents will be similar to the "top dog"....
1,664,636
Your choice. I own my own real estate business and still the competition calls wanting me to work for them. I don't think so, I like where I am. My choice.
1,027,602
I know people who have gone with KW and I know more people who have gone and subsequently left - it all depends on you, your personality, and what your local office has to offer you. Brokerages, like real estate, are local, so interview a few and see which one feels like a real fit. If you're looking for support and training, ask about a mentor program. Plenty of brokerages offer them, so keep your options open.
5,032,448
Interview the KW agents in the office you are considering. Just like Real estate is local so are real estate offices. Remember when you move you take yourself with you! If you expect changes you have to change the way you are doing business if you haven't had much activity. This is your business and you need to treat it like a business..can't expect to sit around for the phone to ring! You have to make that phone ring!!
2,378,901
I am at Keller and I love it - I would be glad to talk to you off line if you want to 240-401-5577
I used to joke about the Kool Aid until I joined - now I really believe in what the company offers
7,869,880
444,170
I was KW for 5 years. Their new agent training is excellent, so it's a good place to start out.
4,434,177
3,340,443
Call or email agents who are KW...that is the only way you will really know. The people who don't know and are not agents are not the best source of information but comment anyway. You are welcome to all us anytime...we would not park our license anywhere else.
1,157,791
It is difficult to make a comment regarding if it is a good financial decision if no information is provided to analyze.
634,532
I haven't been with KW but some agents love their model. As a new agent look for good training and mentoring whenever you are. Begin with your current brokerage. Ask your broker how to plug into their training system.
1,712,876
290,969
I've only worked for the one broker I am currently with, and know nothing about KW, or any other company. I'm sure they are a great company. I would do some research is my only and best advice. And being a new agent, I would want to feel that I did everything that I could, to remain with my first choice, since they were 'my' first choice.
1,554,377
They are heavy recruiters. I was offered 9 times to come over between 2012 and 2014. I do like the company and most agents from KW I've worked with were pros. I have 3 good friends that work for KW happily. Great training there if you are new!