Keller Williams Realty: The Profit Sharing Model
Keller Williams Realty: The Profit Sharing Model
COMPENSATION STRUCTURE
How It Works:
Keller Williams Realty’s Profit Share provides a financial plan for agents to continue to receive money long after they retire.
The Keller Williams Realty Profit Share Tree is the pool that is distributed each month among market centers and associates within them. Each associate’s share is determined by his or her contribution that month – for example, if an associate contributes 10% of the market center’s income, that associates profit share pool would be 10% of the market center’s pool.
Here is a sample scenario to explain how profit share works.
Office closes: $5M
Joe closes: $500,000 Profit Share pool for market: $5,000
Joe’s contribution: 10% Joe’s portion: $500
Profit Share Tree
Level 1 – 50% Joe’s direct sponsor, Sue, gets $250
Level 2 – 10% Sue’s sponsor, Mary, gets $50 an on
Level 3 – 5%
Level 4 – 5%
Level 5 – 7.5%
Level 6 – 10%
Level 7 – 12.5%
**With the addition of profit sharing money, many Keller Williams Realty agents make more than 100% of their commission.
By: Twitter Buttons
October 20th, 2009 at 2:06 pm
If i bring in an agent and they want to work for a team do i still get my pofit share?
October 20th, 2009 at 3:49 pm
The only thing that matters is who the agent chooses as their sponsor. Sponsorship is not mentorship nor a promise to provide that agent with business. Sponsorship is simply the person who is most responsible for that agent joining Keller Williams Realty. The team that brings that agent on should not expect to receive sponsorship unless there was a previous relationship prior to your involvement. Since ‘Communication’ is such a big part of our company, I would suggest speaking with your team leader about the subject. Good luck!
November 18th, 2009 at 3:14 pm
So if you’ve been with KW for a few years and have recruited a few people, does your monthly profit sharing statement show how much you’ve earned from your different levels–or do you just see one bottom line figure for that month?
November 19th, 2009 at 1:00 pm
Linda, thanks for your comment. My monthly profit share statements breakdown each level and who was responsible on each level for contributing to my profit share. Your team leader should be passing out a print out every month of your full profit share statement.