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Keller Williams Profit Share

KELLER WILLIAMS PROFIT SHARE

In traditional real estate companies, owners are the ones who take most of the profits when agents close a deal. But Keller Williams Realty doesn't believe in this culture. "To grow as a company, you have to reward those who have contributed"- Keller Williams Realty believes in this motto. This is why they have come up with the Keller Williams Profit Share model.

Keller Williams Profit Share system offers all its associates an opportunity for passive income by recruiting talented real estate agents and helping the company grow. All Keller Williams associates can participate in the Profit Share program.

WHAT IS KELLER WILLIAMS PROFIT SHARE?

In traditional real estate companies, the agents pay a percentage of their business commission to their brokerage offices. These brokerages use this payment to pay their bills. After spending the bills, the leftover is the profit. In the case of traditional real estate companies, the owner invests in the business, so they keep all the profit.

But in the case of the Keller Williams Profit Share program, the Keller Williams Market Center shares its profit with the owners who invested in the business and the agents helping to grow the company. As a result, the owners receive a more significant part of the split to pay their bills, but the associates also receive a substantial percentage of the profit.

As Keller Williams Realty is continuously expanding its operation outside the United States and Canada, they have developed the Growth Share system similar to the Keller Williams Profit Share model. The main difference between the Growth Share and the Profit Share model is the money is going into the system rather than the Market Center.

The owners and associates will enjoy the financial reward of their real estate market region's bottom line.

The goal behind implementing these two systems was and still is – the profitability and productivity (sales) of the Keller Williams associates. In the real estate industry, the owner's profit is vital because they risk their money. Keeping that in mind, these systems were introduced to make a stable environment for agents where they can thrive.

When the associates thrive, they will tell others about the career opportunities where they are working, and as a result, the company will grow. And with the company's growth, the owner's profit will also increase. And with the vision to grow their business, Keller Williams Realty rewarded their associates responsible for the company's growth.

 

HOW DOES KELLER WILLIAMS PROFIT SHARING WORK?

The two systems: The Growth Share and the Profit Share, function under the same rules. Whenever a real estate agent joins Keller Williams, they name one person who primarily introduced them to Keller Williams Realty and who had the most impact on their decision-making process in joining Keller Williams Realty.

It may be someone from the same Keller Williams Market Center where they are joining or from some other district, state, province, or country. The person's name the new agent will include in their application form is entirely their decision. This person will become the new Keller Williams associate's sponsor.

Once the new agent registers their name, the sponsor will receive some part of the Market Center's profit whenever the new agent closes a deal. So, if an agent completes a contract and that Market Center is making a profit, a portion of that profit will go to the sponsors of that agent.

For the Keller Williams Growth Share model, when a Keller Williams associate outside of the United States and Canada real estate market has successfully closed a deal, a portion of their commission is paid to the franchisee. As a result, the agent's sponsor can receive a commission as part of the company's Keller Williams Growth Share model as a reward for their contribution towards the company's growth.

 

When agents close a deal, they give part of their commission to the Market Center office. The offices use 52% of that commission to pay the bills and as owners' profit. The rest 48% is for the Profit Share program.

When an agent closes their deal and pays part of his commission, the 1st level sponsor will get 50% of that Profit Share program split. The second level sponsor will get 10% of that 48% profit share split, and the 3rd level sponsor will get 5%, and so on.

Suppose a Keller Williams associate works in the Keller Williams Realty for at least three years. In that case, they will be vested with the privilege of enjoying the passive income from the Keller Williams Profit Share or Growth Share system their entire life, even if he retires.

They will also have the privilege to name a beneficiary to inherit their Profit Share income to their heirs. And all the associates of Keller Williams Realty can join the Keller Williams Profit Share or Keller Williams Growth Share program.

IS KELLER WILLIAMS PROFIT SHARE A PYRAMID SCHEME?

Now, if you have understood how the Keller Williams Profit Share system works, you might think that it is somewhat similar to the infamous "Pyramid Scheme" or "Multi-Level Marketing (MLM)." But this is not the case.

To understand how the Profit Share system is not a Pyramid Scheme, first, you need to know how the Pyramid Scheme works. In the Pyramid Scheme, participants recruit members to make money. Then, the new members have to buy some products or pay money to the recruiters.

The new members are told to scout and recruit new members. For each member they recruit, they will get a small percentage of the money they collect from new members. So as the number of members increases, her commission will also increase.

You might think this is great for you, but the situation turns ugly once new members start to grow rapidly. Imagine dividing a Pyramid into some levels, where the width is small on the top compared to the bottom of the Pyramid.

On the top are the MLM (Multi-Level Marketing) business owners. At the bottom are the new members. The more we go down, the more new members to recruit to make money.

If the business runs for a long time, people will eventually be unable to keep up with the recruitment rate. As a result, they will lose everything they had. Only those who are on the top of the Pyramid will be able to earn an enormous amount of money.

But in the case of the Keller Williams Profit Share system, sponsors will only be able to get their share when their sponsored agents are productive, and the Market Center is profitable.

No cost is involved, and agents don't have to buy anything as people do in the Pyramid scheme. Moreover, the Keller Williams Profit Share system has been running successfully for more than 30 years. Pyramid Schemes can only run for a short time.

In short, the Keller Williams Profit Share is not a Pyramid Scheme. It is simply a program introduced to provide Keller Williams associates with a passive earning opportunity. It is merely a way to thank the Keller Williams associates for their contribution, which helped Keller Williams Realty become one of the world's most successful real estate companies.

 

HOW CAN THE KELLER WILLIAMS PROFIT SHARE HELP NEW AGENTS?

The Keller Williams Profit Share Program is a revolutionary system in the real estate industry. All Keller Williams associates can take part in this program. The way Profit Share helps new agents are given below.

1. Offers a second source of income opportunity for agents.

The Keller Williams Profit share opens an entirely new passive income opportunity for agents. The more talented and productive agents they can sponsor, the more their passive income increases.

2. No extra effort or cost is required.

In the Profit Share system, agents don't have to pay fees or money. You must find a talented agent and tell them about career opportunities in Keller Williams Realty. Of course, now effort or cash is required for that.

3. Sustainable Wealth Building.

The Keller Williams Profit Share model was implemented to make the real estate business environment sustainable for agents, especially new agents, to thrive in the real estate world.

The Keller Williams Profit Share model inspires agents to recruit talented agents and motivates them to grow together. In addition, profit share is the easiest way to passive income in real estate. For example, suppose agents can sponsor top-level agents in Keller Williams Realty. In that case, they are creating a financial opportunity to earn considerable money without doing anything, thus building their wealth.

4. Real estate retirement plan.

If agents remain Keller William associates for at least three years, they will have the privilege of income from the Keller Williams Profit Share model for the rest of their lives. You can also pass on the rights of your passive income from your Profit Share tree to your heirs, so you don't have any financial difficulties in the future. They will also have full rights to that income throughout their lifetime.