"The power of passive income has gone global"
In 2015, it is estimated that KW will share over $130 MILLION dollars with the associates who have helped grow our company with producing Realtors®. Every KW Market Center (brokerage) splits the monthly profits between the owners who took the risk and the associates who helped the Market Center grow. Profit Share is an awesome opportunity to have an additional revenue stream for living your biggest and best life possible! At other real estate companies you are only as good as your last sale…NOT HERE! The Keller Williams operating model relies on economies of scale and a cultural model that relies on, “the principles of profit sharing, interdependence and success through the efforts of others.”
Importantly, a Keller Williams agent who retires from the company after being with them for 3 years continues to receive profit share so long as the Realtors® they attracted remained with the company. This policy represents a rare form of residual income in an industry where Realtors® typically see their income stop entirely upon retirement. After this same three year period, the shares are vested and willable to the Realtors® estate.
Through the Growth Share platform, associates can actively participate in growing their passive income by growing the company internationally.
The concept stems from the belief that Keller Williams associates are the driving force in growing their market centres and building the dominant real estate company in their market. This belief is one of the many ways we disrupt the market and dominate the game of real estate, and it is the cornerstone of the unique business culture within our company.
Our associates have an unparalleled and unlimited opportunity to actively participate in the growth and productivity of their market centre – and receive the financial rewards that come from their efforts. In the United States and Canada, the financial rewards are offered through our Profit Share program, in which owners share their office profits back with the associates who helped that office to grow.
In other countries around the globe, Keller Williams offers a Growth Share program in which master franchise owners and Keller Williams reward associates who help the company grow by sharing a portion of the company’s revenue with those associates. Because any Keller Williams associate can participate in either of the two plans, and both Profit Share and Growth Share are distributed across borders all over the world, the two different systems create a powerful wealth building platform for those who help Keller Williams grow and succeed.
In the Growth Share model, when an agent completes a transaction, they receive a commission, which is split between that agent and their office. Every month that office then sends a portion of their revenue to Keller Williams and the region, who reward the Realtors® who helped their offices and region grow, in thanks and in recognition of their contribution to growing the company.
The amount of money anyone in the Growth Share system receives is a reward. They are rewarded for growth like an owner, but without the personal risks of owning or investing any capital.
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The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose.
Information is deemed reliable but is not guaranteed accurate by TREB.
Toronto Real Estate Board - IDX Last Updated: 8/15/2018 1:08:26 AM