Industry franchise Keller Williams announced last week that the company surpassed 133,000 associates last year, a net gain of more than 20,000 associates in 2015. Key benchmarks of productivity also rose sharply as closed units hit 843,547, up 19 percent, and sales volume climbed 24 percent to $228 billion, the company reports. A new franchise milestone, 99 percent of Keller Williams’ offices were also profitable for the year. The franchise identifies itself as the world’s largest real estate franchise by agent count.
“Our dynamic growth reflects the value we’re providing our associates to build their businesses and expand market share in their local markets,” says President John Davis, Keller Williams. “Our systems and models, tools and technology and our world-class training and coaching programs are helping associates create opportunities for themselves and their families.”
Since 2009, Keller Williams’ collective agent commissions have tripled to $6 billion, according to the company.
Further, the company reports that last year, franchise owner profit at Keller Williams increased 29 percent to $155 million. Due to caps on royalties agents pay at Keller Williams, franchisees earned more than the franchisor in 2015.
In 2015, Keller Williams’ franchise owners also distributed $130 million in profit share to associates, a 32 percent increase over 2014. Since the profit share program’s inception in 1996, owners have distributed more than $703 million to associates. Three Keller Williams’ market centers distributed more than $1 million in profit share. An individual family received more than $1 million in profit share.
“Through our commitment to growth and innovation, we’re building momentum and disrupting the real estate industry,” says CEO Chris Heller, Keller Williams. “We’re honored to be getting into business with the best talent and excited about the innovations we’re introducing. In combination with our unique company culture and our focus on enhancing the customer experience, Keller Williams’ associates are strongly positioned to grow, thrive and succeed.”
For more information, visit kw.com.
