Keller Williams Realty: The Commission Structure
Keller Williams Realty: The Commission Structure
In most traditional real estate companies, the commission structures means that the more you earn, the more you give away.
At Keller Williams Realty®, we believe that the harder you work, the more you should be rewarded. Keller Williams Realty has a commission cap, which means that after you hit the cap, everything else you earn is yours!
The agent is on a 64/30/6% split. ***
64% goes to the Agent ***
30% goes to the Market Center (variable cap)
6% goes to KWRI (capped consistently at $3,000)
The Market Center cap is determined by associate vote(the agents are treated as partners/stakeholders), based on operating expenses and economic conditions of that market. The cap for the international fee does not fluctuate. In both cases, once an agent hits the cap, the money for that year is the agent’s…and Keller Williams Realty works on the agent’s anniversary year, not a calendar year, so no matter when you start, you have a full year to prosper!
Example:
In the Atlanta Market, the agent cap to the office is $15,000. If an agent does $200,000 in Gross Commission, they will net $182,000.
$200,000 Commission in 12-month anniversary year
- $15,000 to office
- $3,000 to KWRI
= $182,000(91%)
With the addition of the company’s unique profit sharing model, many of our agents make more than 100% of their commission(profit sharing exceeds their cap payout)!
***Commission % may vary based on experience and office, but cap is the same for each agent in the same office***
Related Posts:
How Profit Share is Calculated: The Profit Share Formula Video
Wealth Building Slideshow Presentation: Grow Your Profit Share Tree and Amplify Your Life!
What is The Keller Williams Realty Economic Model?
Video: The Gift of Keller Williams Realty’s Profit Sharing Model
Keller Williams Realty’s Profit Sharing Video
By: Twitter Buttons
December 6th, 2009 at 7:16 pm
Great articles & Nice a site
May 10th, 2010 at 1:31 pm
I am an experienced rental agent looking to get into sales and rentals. Can you please let me know what the start costs would be at Keller Williams?
May 15th, 2010 at 11:25 am
Tim,
Thanks for your comment. I always tell agents, it’s never ‘what does it cost’…it should always be ‘what do I get for what I pay?’ and ‘what do I NET at the end of the day?’. With that said, at KW, we treat our agents like business owners. We do not have mandatory desk/office fees and the only mandatory costs are a monthly fee(approx. $80), which can include things like voicemail, e/o insurance, technology, etc… You get an amazing website with this company and the best training, education and support. It is the responsiblilty of our agents as business owners, to generate their own business and fund their business. We offer the best commission splits and profit share, which in the end, helps our agents ‘NET’ the most amount of money. Hope this was helpful.