Profit share is one way in which Keller Williams Realty exemplifies the principle of success through others. Each month, market centers share roughly half of their profits with the agents who helped grow the market center and make it profitable. But in order for there to be profit share, there must first be success.
And, thanks to the company’s recent growth and agent production gains, it has distributed more profit share in the past four years than in the preceding 21 years combined.
“As a company, we’re motivated by helping people fund their lives and create opportunities,” CEO John Davis says. “Giving back is part of our culture. Profit share allows our people to earn passive income for life so they can pay for their kids’ education, take care of their parents, and invest for the future.”
The historic achievement comes as Keller Williams is closing in on its most successful profit share year yet. Through the first 10 months of the year, KW has shared $151.9 million with associates in the United States and Canada, an increase of 14.1 percent compared with the same period in 2016. (Keller Williams associates outside of the United States and Canada participate in a similar program called “growth share.”)
Individual Keller Williams market center owners share roughly 50 percent of their office’s monthly profits with associates who have helped the business grow. As of Oct. 31, 98 percent of Keller Williams market centers were profitable for the year. As of January 2019, our market center, Clients’ Choice, has profit shared over $3 million.
In the eight years since Keller Williams launched its companywide Growth Initiative, profit share payouts have grown substantially:
- $170.5 million in 2018
- $174.7 million in 2017
- $154.4 million in 2016
- $129.8 million in 2015
- $98.1 million in 2014
- $78.2 million in 2013
- $55.3 million in 2012
- $38.3 million in 2011
Keller Williams Co-Founder and Chairman Gary Keller and early company leaders created the profit share program to ensure the goals of KW owners and agents remain permanently aligned. Innumerable lives have been changed as a result.
Get Started Now! for more information on the Profit Share program with Keller Williams.