Keller Williams Extends Lead as World’s Largest Real Estate Franchise
2015 Marks Record Year For Closed Transactions, Sales Volume, Agent Commissions And Profit Share Growth
February 02, 2016 // Franchising.com // Keller Williams, the world’s largest real estate franchise by agent count, surpassed 133,000 associates in 2015, a net gain of more than 20,000. 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. A new franchise milestone, 99 percent of Keller Williams’ offices were also profitable for the year.
“Our dynamic growth reflects the value we’re providing our associates to build their businesses and expand market share in their local markets,” said 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 has tripled to $6 billion.
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,” said 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.”
On February 15 at 9:30 a.m. Central, Heller and Davis will lead a presentation on the State of the Company before an audience of more than 14,000 associates at Family Reunion, the company’s annual training and networking convention.
A live stream of the State of the Company presentation is available to media upon request.
About Keller Williams Realty, Inc.
Austin-Texas based Keller Williams Realty, Inc. is the largest real estate franchise by agent count in the world with more than 770 offices and 133,000 associates across the Americas, Europe, Africa and Asia. In 2015, Training Magazine named Keller Williams the No. 1 training organization across all industries in the world.
Since 1983, Keller Williams has grown exponentially and continues to cultivate an agent-centric, education-based, technology-driven culture that rewards agents as stakeholders. The company also provides specialized agents in luxury homes, commercial and farm and ranch properties. For more information, visit kw.com.
SOURCE Keller Williams Realty, Inc.
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