Why choose Keller Williams Realty?
Why Choose KW. Established in 2003, Keller Williams Realty Select (KWRS) is located in Lakewood Ranch Florida, recognized as one of the Top 3 Fastest Growing Master Plan Communities in the Country. KWRS has grown to over 200 agents consistently handling the highest number of sales in the Lakewood Ranch area. Our agents are certified in all ...
Why join Keller Williams Realty?
What you can expect from Keller Williams: The best training for new real estate agents, as well as seasoned professionals. (scripts/dialogues, prospecting techniques, online lead generation, business management, etc.) A proven business model that shows you exactly how to run your real estate business the right way.
Who owns Keller Williams Realty?
“We are so proud to see Kelly get the recognition she deserves both regionally and locally,” said Susan McFadden, operating principal/owner of Keller Williams Platinum Realty. “She goes above and beyond with the opportunities that Keller Williams has brought to her. Kelly is a natural leader at Keller Williams Platinum Realty.
How much does Keller Williams Realty pay?
When factoring in bonuses and additional compensation, a Real Estate Agent at Keller Williams can expect to make an average total pay of $80,789 per year. How accurate does $75,012 look to you?
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What is Keller Williams franchise fee?
$35,000Facts & FiguresLiquid capital required$150,000Investment$183,230 - $336,980Franchise fee$35,000Royalty6.0%Units in operation1,0852 more rows
How much does a Keller Williams franchise owner make?
Average Keller Williams Elite Business Owner yearly pay in the United States is approximately $94,156, which is 46% above the national average.
Who is the largest real estate franchise?
Keller Williams Realty Keller Williams real estate1. Keller Williams Realty. Keller Williams real estate was founded in 1983 by Gary Keller and Joe Williams.
Is Keller Williams UK a franchise?
As the largest, fastest-growing real estate franchise in the world, Keller Williams is at the forefront of tech, training and culture. Active UK agents. Global transactions per year. Global exchanges every day.
Who is the fastest growing real estate company?
Take a look at the top 25 fastest-growing independent real estate companies in the U.S. in 2022 below.OJO Labs. ... Morty. ... Post Real Estate Group. ... DASH Carolina. ... Onicx Group. Growth rate: 1,414 percent. ... Kupperman Companies. Growth rate: 1,181 percent. ... 5511 VENTURES. Growth rate: 1,125 percent. ... Bluefield. Growth rate: 1,096 percent.More items...•
What is the richest real estate company?
Rankings by Total AssetsRankProfileType1.China Evergrande GroupReal Estate Company2.Sunac ChinaReal Estate Company3.Tishman SpeyerReal Estate Company4.Hines GroupReal Estate Company75 more rows
Who is the highest paid real estate agent?
DALLAS, May 12, 2020 /PRNewswire/ -- Ben Caballero, a current Guinness World Record title holder and No. 1-ranked real estate agent in the U.S., set a new record for home sales in Dallas-Ft. Worth last year.
What is Gary Kellers net worth?
Gary Keller net worth: Gary Keller is an American entrepreneur and author who has a net worth of $200 million. Gary Keller was born in Pasadena, Texas in July 1957. He is best known as the founder of Keller Williams Realty International, the largest real estate company in the world.
What is a franchise fee in real estate?
Franchises have an upfront franchise fee ranging from $10,000 to $50,000. This is in addition to training, and the office build-out. For example, the median total cost of opening a RE/MAX or Keller Williams franchise today is just over $140,000, and the total cost can be as high as $350,000.
Is Keller Williams in Africa?
Keller Williams Southern Africa is proud to announce its next step in providing people the opportunity to enter the real estate agent industry - this through the Keller Williams Real Estate School.
When did Keller Williams start franchising?
So the two men joined forces to found Keller Williams Realty in 1983. Four years later the partners began franchising.
How long does a franchise last?
Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease.
What is franchise fee?
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor.
Who owns Keller Williams Realty?
Keller Williams was founded in 1983 by Gary Keller and Joe Williams. It started out as a single office based in Austin, Texas, selling local residential real estate in the Austin area. After two years in business, Keller Williams became the largest single office residential real estate firm in Austin with 72 licensed agents. In the mid-1980s, the company suffered from the United States housing bubble and began to offer profit sharing to existing and potential associates in order to retain agents and help get through the recession. Within a year, the company grew to 130 agents and began to climb back as the top real estate broker in Austin.
Who is the CEO of Keller Williams?
Keller Williams formed KWx in 2020, a holding company to oversee its portfolio of companies. It named Carl Liebert as the new CEO of the group with Gary Keller becoming the executive chairman. Josh Team also left Keller Williams with Marc King being promoted to role of president.
What is Keller Williams luxury homes?
Keller Williams continued expanding and in 2007, the company launched Luxury Homes by Keller Williams, a division within the company that brokers luxury only real estate. In 2008, it launched KW Commercial, a division providing commercial real estate associates with specialized technology, marketing tools, and resources. The division is known for allowing agents to keep more commission splits. It also allowed profit sharing similar to residential agents. As of 2012, the division boasted of more than 1,000 brokers nationally.
How much did Keller Williams sell in 2016?
Keller Williams topped $67.1 billion in sales volume in 2016, up 22 percent from the previous year. The company began to position itself as a technology company in 2017. In 2017 it launched KW Labs, a division of the company process devoted to the building and testing of technology created by the company alongside its agents. This was in addition to KW Keller Cloud. It also introduced "Kelle," an artificial intelligence app which has been referred to as Siri but for real estate used as a virtual assistant, and an agent-to-agent referral tools platform called "Referrals." Keller Williams claims it is the number one franchise in the United States by sales volume in 2017, ranking number one in agents and units sold in 2017.
What is KWX real estate?
Keller Williams Realty (commonly referred to as Keller Williams) is an American technology and international real estate franchise with headquarters in Austin, Texas. They claimed to be the largest real estate franchise in number of agents and sales volume for 2018 and 2019.
What is KW Labs?
KW Labs - Keller Williams' technology division that develops and test software created by the company.
Where is Keller Williams located?
Keller Williams Realty (commonly referred to as Keller Williams) is an American technology and international real estate franchise with headquarters in Austin, Texas. They claimed to be the largest real estate franchise in number of agents and sales volume for 2018 and 2019.
Background
Real estate can be a cut throat business as there is a lot of competition for people to find their dream homes in the booming housing market. This is where the Keller Williams franchise comes in. The company was founded in 1983 and has been francizing since 1987.
Support and Training Offered By Keller Williams
In terms of support and training, the franchisee can expect On-The-Job Training that lasts for 6-18 months, along with 28 hours worth of classroom training.
Franchises Similar to Keller Williams
The International Franchise Professionals Group (IFPG) is an internationally recognized membership-based franchise organization. IFPG Franchise Consultants guide aspiring business owners through the process of identifying and investing in franchise businesses. The IFPG represents more than 550 franchises.
What is Keller Williams franchise?
The franchisor has developed a distinctive business system that involves the delivery of real estate brokerage services and other services through “Keller Williams Realty” market centers and regional representatives. (Market centers franchises are covered by this profile. Regional representatives are covered by a different FDD.)
What are the requirements for a franchise agreement?
Obligations and Restrictions: Franchisees must form a business entity such as a corporation, partnership or limited liability company to sign the Franchise Agreement. The business entity must be newly created solely for the purpose of operating a market center and not have conducted any prior business. Franchisees must designate and retain at all times an individual to serve as the operating principal of the market center. Franchisees must designate the original operating principal in the franchise application. The operating principal must meet certain qualifications during the entire period the individual serves as operating principal. Franchisees must use the market center solely as a base of operations for a real estate brokerage business and the delivery of any authorized services. Franchisees must maintain business hours as provided in the brand standards manuals or as the franchisor may specify from time to time in writing. Franchisees may not use or permit the use of the market center premises for any other purpose or activity at any time without first obtaining the franchisor’s written consent. If franchisees choose to conduct commercial real estate operations, the franchisor must first approve and then sign a commercial real estate addendum.
How long is the franchise agreement?
Term of Agreement and Renewal: The length of the initial franchise term is five years. Franchisees are eligible to apply for additional consecutive 10-year renewal terms pursuant to the then-current license agreement. Financial Assistance: The franchisor does not offer direct or indirect financing.
What is a territory granted franchise?
Territory Granted: The Franchise Agreement grants franchisees the right to operate a market center at a single location in the awarded area the franchisor grants, which franchisees must select and the franchisor must approve in writing in advance. The awarded area usually encompasses a portion of a city, county or an unincorporated area. The initial boundaries of the awarded area are determined based on the historical annual gross sales reported by real estate brokers in the area in which the market center is to be located. During the term of the Franchise Agreement and subject to the franchisee’s full compliance with the terms and conditions of the license agreement, the franchisor will not operate or authorize any other person or entity to operate a market center inside the awarded area.
Where is franchise training held?
Franchise Systems Orientation is conducted at a location in Austin, Texas, virtually, or another location the franchisor designates. After the Franchise Agreement is signed, the operating principal, team leader and market center administrator must also participate in between 6 to 18 months of classroom and on-the-job training at a location in Austin, Texas or another location the franchisor designates, although it may reduce or extend the duration and extent of the training based on the operating principal’s, team leader’s and/or market center administrator’s experience and progress. The operating principal, team leader, market center administrator and other members of the licensee’s group must attend and complete, to the franchisor’s satisfaction, any additional courses, seminars, conferences and other training programs, including, additional or refresher courses, as it may require from time to time.
Can a franchisor operate a market center?
During the term of the license agreement and subject to the franchisee’s full compliance with the terms and conditions of the license agreement, the franchisor will not operate or authorize any other person or entity to operate a market center inside the awarded area.
Does franchising offer financing?
Financial Assistance: The franchisor does not offer direct or indirect financing. The franchisor does not guarantee any of a franchisee’s notes, leases or obligations. 6% of monthly gross revenues. A portion of the franchisee’s monthly profit (only the amount to which the profit sharing contribution relates), if any.
What is Keller Williams Realty?
Keller Williams Realty is the world’s largest real estate franchise by agent count, with more than 900 offices across the globe. The company has grown rapidly by cultivating an agent-centric, education-based, and technology-driven culture that presents brokers with the opportunity to become stakeholders. The franchise's focus on training, profit sharing, and what's been described (or attacked, depending on where you stand) as a very different culture underpins its strategy of acquiring and retaining the most productive talent to outmaneuver competitors who may benefit from greater brand name recognition. Keller Williams also offers specialized real estate brokerage for luxury homes, commercial, and farm ranch opportunities.
How much does it cost to open a Keller Williams office?
It costs anywhere from $183,947 to $336,995 to open a Keller Williams Realty office franchise, including a $35,000 upfront franchise fee. In addition, Keller Williams franchisees are required to have at least $150,000 in cash or other liquid assets on hand.
Is Keller Williams a real estate company?
The company was recognized from a feature in Franchise Gold 100 list by Success Magazine and in the following years, became the 6th largest real estate agency in the United States. In 2012, Keller Williams Worldwide was launched as a subdivision to manage its international franchising and started opening its doors across the globe.
Is Keller Williams a franchise?
Keller Williams Realty is listed in the Franchise Directory under the Real Estate category. It's also listed in the section for Franchises Under $200,000 .
Overview
Keller Williams Realty (commonly referred to as Keller Williams) is an American technology and international real estate franchise with headquarters in Austin, Texas. It claimed to be the largest real estate franchise in number of agents and sales volume for 2018 and 2019. It is operated by a holding company named KWx which was formed in 2020.
History
Keller Williams was founded in 1983 by Gary Keller and Joe Williams. It started out as a single office based in Austin, Texas, selling local residential real estate in the Austin area. After two years in business, Keller Williams became the largest single office residential real estate firm in Austin with 72 licensed agents. In the mid-1980s, the company suffered from the United States housin…
Company divisions
• Keller Williams Worldwide – Keller Williams Worldwide is responsible for the company's global franchising and expansion.
• KellerINK – KellerINK is the publishing arm of Keller Williams, responsible for the publishing of instructional and inspirational business books with a specialty in real estate. The company published Millionaire Real Estate series and The ONE Thing: The Surprisingly Simple Truth Behind Extraordinary Results. They have sold more than a million book…
Philanthropy
Keller Williams operates a charitable arm known as KW Cares which is a nonprofit organization set up to assist both local communities as well as associates of the company and their families deal with hardships and emergencies. Examples of giving include providing assistance to help fight serious illness or recover from a life altering accident. The organization also d…
Awards and recognition
Keller Williams has received numerous awards since its inception. In addition to being an Inc. 5000 company, it has been recognized by Inc. as a Top 100 Real Estate Company, placed on the magazine's honor role as a five-time Inc. 5000 Honoree, and receiving an Inc. Hire Power Award. Further recognition has come from Entrepreneur where it has been featured in the magazine's Best of the Best franchise list as well as inclusion in their Franchise 500 rankings. The company was …
See also
• List of companies based in Austin, Texas
• List of franchises
• List of real estate topics
• Real estate trends
External links
• Official website