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THE KELLER WILLIAMS® PHILOSOPHY! |
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Our Our Vision: Our Values: Our Goal: Our Belief System: WI4C2TS
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Associate/Partner Compensation
Keller Williams has an incredible commission split that actually allows agents to earn more than 100% of their commissions! How is this possible? It is possible through profit share and our capped commission structure. In fact, in 2007 over $44,000,000 of profit share was paid to our KW associate partners. Althea Osborne of Texas earned over $500,000 in profit share!
Althea is proof positive of the power of profit share. She obviously earned far above the commission split that was paid to her broker. There are many thousands of KW associates who profit share each and every month. In fact, hundreds of agents continue to be paid through the profit share system even though they are no longer with KW or even when they are no longer selling real estate.
The commission split at KW is the best in the industry, even if the profit share system were not in the equation. KW believes in a having a partnership with the associates and has created the “capped” commission model. In doing so, KW has devised a low risk, high reward split that minimizes risk while allowing the agent to retain the lion’s share of the commission. Every agent at KW has the opportunity to enjoy a 100% split on their transaction commissions after reaching their “cap.”
There is a fixed, maximum, amount that every KW associate pays as a split and every agent in any given market center pays the same amount. This maximum is the “cap.” Once it is reached, all commissions earned by the KW associate during the remainder of their fiscal year with KW will be paid at 100%! The beauty of this system is that the entire amount is only paid once it is earned, thus low risk. Because it is capped, it is high reward. Many agents cap in the first 2-3 months of their fiscal year and earn many months of commissions at 100%. Please note that how quickly an agent caps will be entirely dependant on how well they run their business and not everyone will cap.
http://www.kw.com/kw/education.html
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*Keller Williams Realty received the highest numerical score among full service real estate firms for home buyers in the proprietary J.D. Power and Associates 2008-2009 Home Buyer/Seller StudySM. 2009 Study based on 3,138 total evaluations measuring 7 firms and measures opinions of individuals who bought a home between March 2008 and April 2009. Proprietary study results are based on experiences and perceptions of consumers surveyed April-June 2009. Your experiences may vary. Visit jdpower.com |
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