• 0
  • Home
  • About Us
  • What We Do

Shopping Cart

GPAM
  • Home
  • About Us
  • What We Do

Keller Williams will cut off agents who leave

Keller Williams CEO Gary Keller
Keller Williams CEO Gary Keller (Credit: Keller Williams)

Keller Williams is cutting off associates who dump the franchise brokerage.

Effective April 1, the company’s lifelong profit sharing program will not be available to associates who leave to join a competitor, Inman reported. The vesting period for associates to receive profit sharing has also increased from three consecutive years to seven consecutive years.

The changes were made by the company’s International Associate Leadership Council meeting on Feb. 15, during its annual “Family Reunion” conference in Dallas.

Read more

  • The Keller Williams orbit
  • Keller’s second coming
  • The squeeze on resi brokerages is forcing consolidation, cooperation

The new policy was voted on after a task force comprised of top earners and market center owners presented its findings on the program, for decades a cornerstone of Keller’s culture. The changes begin April 1 and will not be applied retroactively.

Keller’s current pyramid-based profit sharing model allows associates who are with the company for over three years to collect a portion of their former market center’s profit for life. Market centers grab a bit over 50 percent of the profit, and the sponsored associates split the remainder with their sponsored associate, up to seven levels of the pyramid. Keller Williams has dispersed over $1 billion in profits since 1997, the brokerage claims.

The change comes after KW CEO Gary Keller took a swipe at agents who’d left for virtual brokerage eXp Realty and reaped $1 million from the franchisor’s lifelong profit sharing program. Keller suggested eXp give him back the money.

According to Inman, an internal report on the previous year’s results showed that Keller Williams’ agent count declined for four consecutive months at the end of 2019 for the first time since 2012. [Inman] — Erin Hudson

The post Keller Williams will cut off agents who leave appeared first on The Real Deal Los Angeles.

Powered by WPeMatico

  • 18 February 2020
  • The Real Deal
  • Uncategorized
  •  Like
LA’s hotel boom continues with proposed 89-key development in North Hollywood →← LA is one of the trickiest cities for institutional investors to understand. Here’s why
  • Recent Posts

    • Army Corps’ Altadena home debris removal nearly half complete May 16, 2025
    • DTLA adds 500 apartments, brings resi occupancy to 91% May 16, 2025
    • “Gross”: Tracy Tutor hits back at Leonard Steinberg on reality TV May 16, 2025
    • Landlords ink two industrial leases for combined 200K sf in South LA, Harbor City May 16, 2025
    • Hilton Universal City developer drops 18-story expansion plan after City Council approves wage hike May 16, 2025
  • Recent Comments

    • Archives

      • May 2025
      • April 2025
      • March 2025
      • February 2025
      • January 2025
      • December 2024
      • November 2024
      • October 2024
      • September 2024
      • August 2024
      • July 2024
      • June 2024
      • May 2024
      • April 2024
      • March 2024
      • February 2024
      • January 2024
      • December 2023
      • February 2023
      • January 2023
      • December 2022
      • November 2022
      • October 2022
      • September 2022
      • August 2022
      • July 2022
      • June 2022
      • May 2022
      • April 2022
      • March 2022
      • February 2022
      • January 2022
      • December 2021
      • November 2021
      • October 2021
      • September 2021
      • August 2021
      • July 2021
      • June 2021
      • May 2021
      • April 2021
      • March 2021
      • February 2021
      • January 2021
      • December 2020
      • November 2020
      • October 2020
      • September 2020
      • August 2020
      • July 2020
      • June 2020
      • May 2020
      • April 2020
      • March 2020
      • February 2020
      • January 2020
      • December 2019
      • November 2019
      • October 2019
      • September 2019
      • August 2019
      • July 2019
      • June 2019
      • May 2019
      • April 2019
      • March 2019
      • February 2019
      • January 2019
      • December 2018
      • November 2018
      • October 2018
      • September 2018
      • August 2018
      • July 2018
      • June 2018
      • May 2018
      • April 2018
      • March 2018
      • February 2018
      • January 2018
      • December 2017
    • Global Property and Asset Mangement, Inc.
      137 North Larchmont
      Los Angeles, California 90010
      +1 213-427-1127

    © 2025 GPAM