Mortgage rates are on the rise. According the Freddie Mac deputy chief economist, weekly average 30-year fixed mortgage rate rose three basis points to 4.46 percent in this week’s survey, its
KELLER WILLIAMS SURPASSES 1 BILLION IN PROFIT SHARE TO ASSOCIATES
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.
Since the inception of the profit share program, KW has distributed more than $1 billion to associates who have helped the company grow!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. Moreover, a record four market centers had already distributed $1 million or more this year. There are also individual agents who have received seven-figure distributions.
To join Keller Williams Realty, please call 760-861-2027.
Michael has over 40 years in the Real Estate industry. He developed one of the top producing Teams in the Palm Springs area, ranking in the top 25 Teams in Keller Williams International. Michael is cu....
Latest Blog Posts
We just listed and sold another property in Cathedral City, represented a homeowner who was a referral from an agent in Saskatoon, Canada. This 3BR/2BA condo was situated on a quiet cul de