KW Surpasses $100 Million in Profit Share to Associates
In keeping with the philosophy that agents are partners and stakeholders, Keller Williams created a distinct wealth building platform that rewards associates who contribute to a profitable market center’s growth by attracting productive associates. In the United States and Canada, we do this through profit share; and across the world, through growth share.
In 2015 to date, Keller Williams has distributed more than $104.3 million in profit share in a single year to associates who have helped the company grow. Since 1997, Keller Williams has dispensed more than $677 million through its U.S.-based profit share and worldwide growth share programs.
“For Keller Williams, 2015 marks another record year for growth, productivity and profitability gains,” said Chris Heller, CEO, Keller Williams. “Our owners and investors are proud to share this success with our people, our true partners in driving long-term growth and prosperity. Profit share provides passive income to for our associates and their families live better lives.”
As part of the profit share program, individual Keller Williams market center owners share close to 50 percent of their office’s monthly profits with associates who have contributed to growth. Over the past five years, profit share per agent across the franchise has nearly tripled.
In 2014, the Keller Williams profit share and growth share programs distributed a record $98 million —a figure the company surpassed in nine months this year. In addition, its Arlington, Texas-based market center became the first office in the company’s history to distribute more than $1 million in profit share to its associates in a single year over 2014.
“For one of our market centers to distribute more than $1 million in profit share inside a year is like breaking the four-minute mile,” said John Davis, President, Keller Williams. “This year, no fewer than four of our market centers are pacing to exceed this high bar of achievement.”
Keller Williams Co-Founder and Chairman Gary Keller and early company leaders created the profit share program to ensure the goals of company’s owners and agents remain permanently aligned.
“Profit share is changing lives. It’s allowing spouses to stay home with kids, families to buy investment properties and our associates to pursue big goals and dreams,” said Davis. “For every associate who has contributed to our sharing more of than $100 million in profits, we say ‘Thank you!’. We’re proud to be in business with the best real estate leaders.”
Want to know more about how Profit Share works?
If you are interested in a real estate career, or taking your career to the next level, contact Mark Olesh today!
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