All associates have an opportunity to participate in the profit share and growth share programs. Those that do are financially rewarded for bringing other talented, productive agents to the company by receiving a share in the profits generated by the entire market center. It’s a true opportunity to generate passive income.
Why KW Profit Share?
Profit Share is a GIFT. It is a gift, given from the owners of Keller Williams (Local and International) that rewards those that help grow the company and keep it productive.
Every KW associate has the opportunity to earn a stake in their company’s profits. Since the inception of the profit share program, KW has distributed more than $1 billion to associates who have helped the company grow!! This is money that would have gone directly to the owners, but since our agents are the reason we are in business, we felt it was necessary to share these profits.
“We are fierce advocates for real estate agents,” Gary Keller said. Profit Share was ridiculed in the early 1980’s because people didn’t understand it.
KW does not spend millions of dollars a year promoting KW via advertising like our competitors do. Signs in the yard and agents sharing with others how great this company is sparks all the word-of-mouth advertising we need. It’s helped Keller Williams become the largest real estate company in the world by agent count, volume and units in just 35 short years.
“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.”
A Retirement Plan
KW is the only real estate company in the industry that offers a retirement plan when you are no longer actively selling real estate. Once an associate has been with Keller Williams for three years and a day, he or she is “vested.” This means the associate can leave Keller Williams and still receive their Profit Share or Growth Share and will see profit share income for the rest of their lives. They then can pass on their rights to that passive income stream to their heirs for the remainder of their lives.
It’s a true gift that you can pass on to the next generation. All from sharing the gift of Keller Williams Realty! This program truly embodies the KW culture by treating all associates as family. It breeds a coming from contribution mentality that gives all associates a vested interest in helping those around them.
Profit Share is paid out to those associates that have helped the company to grow. Every Associate that joins Keller Williams names a sponsor.
For over three decades – and several upturns and downturns in the market – associates have never missed a profit share check. Profit share has and will continue to stand resolute.
With Keller Williams market share continuing to increase all around the globe, profit share and growth share are not just rewarding those that ‘got in first’. Every agent has the same opportunity to grow passive income. Add to your retirement income by joining Keller Williams and sharing with others why this is the best place to build your real estate career.
The History of Profit Share
In 1986, Gary Keller and the first Associate Leadership Council (ALC) convened to reinvent Keller Williams. The young company, which was functioning as a traditional real estate company with traditional commission splits, had just lost seven of its top ten producers to a competitor. There was no discord; they were simply seeking better deals. Heeding the lesson, Gary turned to the ALC and began an extraordinary journey.
He asked the ALC, “How can we build a company that no one would ever want or need to leave?” From the sessions that followed, this ALC constructed the WI4C2TS belief system, established higher commission splits so that agents could make their own personal business spending decisions, and developed the Profit Share program, a revolutionary system that treats associates in the company as if they were partners in the business.
To get the gift of Profit Share you must have:
– Had an associate name you as a sponsor
– That associate must have been productive during the month and split part of their commissions with their local market center.
– That Market Center had to have been profitable for the month (or else there would not be anything to share)
The added layer to the gift, is that you you are named as a sponsor, you also get an ongoing gift based upon the additional agents that they sponsor, and ongoing for a total of 6 layers down – (a total of 7 levels of payout)
This calculation method has caused many to cry “pyramid” and this is just not true. Take a look and find out for yourself.
Businesses all over the world have used profit sharing arrangements since they first appeared in France at the beginning of the nineteenth century. In the United States, large successful companies as varied as Southwest Airlines to Verizon have profit sharing structures in place. In the real estate industry, other companies use revenue sharing, but no other company has such a unique system based on an office’s growth and production—as such a system would be difficult to maintain without the unique Keller Williams culture.
Profit share offers unlimited earning potential with zero risk. Learn more about the program that rewards those who help our company grow.
Check out Althea Osborn tell how she started KW South Africa.