Anonymous

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Rainmaker
1,231,421
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Good use of Anonymous posting!  I've heard good things about KW, but I've also heard it's a bit "cult-ish" and there is a lot of "kool-aid" being consumed there.

 

With that said, if you aren't feeling supported by your current broker, I'd suggest having a heart to heart with the broker.  Please keep in mind, that it is not the broker's job to send business to you.  It is your job to find business.

Apr 01, 2016 07:54 AM
Rainmaker
756,816
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

That depends on you!

The brokerage is never the cause of success or failure.

The right answer to your question is clearly defined in your business plan.

The broker who gets you engaged in transactions aligned with your business plan is the one to choose. 

You do have a business plan that states your income gaols, your preferred business transaction type, where it's located, how many exist and how you will get in touch with them. But your business plan is not what you show the broker until......

You ask the broker ONLY ONE question. Their answer will reveal your future if you choose them.

What is the annual transaction sides per agent in this office?

If they say something close to 9, keep looking.

If they say something closer to 20, you have found your spot.

Now you simply need to follow directions and that is harder than you think.

Apr 01, 2016 07:01 AM
Rainmaker
779,460
Bruce Walter
Keller Williams Realty Lafayette/West Lafayette, Indiana - West Lafayette, IN

It is what you make of it and what you need.  You asked specifically about Keller Williams you judge for yourself(and other agents) how KW made out with us, and how we did in 2015.

***  we kept 90.1% of all commission income after paying the office split, franchise fee, and monthly  "office bill".  Keller Williams ended up with 9.9% of our income made.  

 

***  there were many, many educational opportunities offered and we chose to attend what we felt was beneficial.  (maybe 6 total classes in 2015)  

 

***  when we felt we needed help we contacted our broker

 

***  Franchise fee is capped at $3,000 so you pay no franchise fee above $1.67 million in production.  Check that out with the other brokerages as you can lose a lot to many of the major franchises.  As an example some of the top producers in our market were above $20 million(laughable in many of your markets as our average county home sale is around $150,000), but an agent NOT with Keller Williams would be paying out an extra $25,000 to $27,000 in franchise fees to many of the major national brokerages based on $20 million in production.  That adds up!

 

***  Our KW spilt is capped and the amount depends where your market center is located.  If you don't sell any houses in a certain month the only thing you pay KW is the monthly office bill based on technology fees, website, E & O insurance, and copy machine use.  Our average monthly  bill last year was $116.  In our market center the maximum split we have to pay out is $18,500 for someone who does over $2.2 million in production.  After that you keep 100%.  Your split is based on your production SOLD.  

 

*** It may not be a good move to go to an office "with high production agents" if you are NOT producing much and you still have to pay a very high monthly office bill, pay for advertising that benefits the brokerage brand and not you, work beside agents or for a broker that offers little help as you are viewed as a competitor or the office gets your money whether you sell a home or not, and where it is hard to brand yourself on signage where the best you can do is squeeze in a small rider with YOUR NAME or cell phone number.  

 

***  There is a lot of misinformation out there about "profit share" at Keller Williams but know this:  any profit share an agent receives COMES FROM THE OWNERS not from the commissions of other agents.    

 

It depends what you need, what you want to keep, and how good the brokerage management and agents are where you end up.

 

Do check around and interview agents and the broker!

 

 Oh, by the way if you have any questions please call me from my contact info on my profile.  (that way we can increase our profit share-but remember it comes out of your brokerage owner's pocket-not yours)  ^_~

Apr 01, 2016 10:21 AM
Rainmaker
741,300
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

I wouldn't start out jumping around. They always recruit so don't be surprised if more try to recruit you down the road.

Apr 01, 2016 09:11 AM
Rainmaker
1,009,650
Corinne Guest
Corinne Guest, REALTOR® | Barrington Realty Company - Barrington, IL
Barrington Lifestyles

Not sure how you've got a job offer? Are they offering a salaried position? I doubt it. KW is always trying to recruit agents, they like numbers. I am not a lover of them but that's not to say you would not. Like Annette said, all depends on what you want. And a name is the worst way to assess anything. The brokers vary in each office too. Too many reasons never to be able to give you a yes or a no. It all depends.

Apr 01, 2016 08:41 AM
Rainmaker
732,885
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

From what I know, they have a very different business model, so make sure you explore exactly how they work so you know what you're getting into. If you are new, it would be good for you to be with a brokerage that provides training and mentors.

Apr 01, 2016 10:11 AM
Rainmaker
356,915
Jill Murty, Realtor - Orange County, CA
PREA Realty - Laguna Niguel, CA

Just as with any brokerage, some agents love Keller Williams and others not so much.  You have to find the best match for you.  Prepare a list of questions to ask when you meet with the team leader, office manager or broker.

Keep in mind that your  success depends on you.  Host open house often.  If you don't have your own listings, ask colleagues if you can hold theirs open.

As a side note, the person who brings you to Keller Williams will get an override on your sales production.  It's not necessarily a bad thing, rather it is something for which you should be aware.  Consider if the person is looking after your best interests or their own. 

Apr 01, 2016 08:09 AM
Rainmaker
3,309,897
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Two great answers by Ryan Huggins - Thousand Oaks, CA and Bruce Walter.

Apr 02, 2016 01:30 AM
Ambassador
4,299,501
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Well, I love KW - however, it may not be a best fit for everyone.

IF you are interested in education and  training based company where brokers share their profit with agents, KW is the way to go.

Apr 01, 2016 04:38 PM
Rainmaker
2,704,764
Lisa Von Domek
Lisa Von Domek Team - Dallas, TX
....Experience Isn't Expensive.... It's Priceless!

Very good use of anonymous posting and I am going to agree with the other comments here... Ryan Huggins - Thousand Oaks, CA answered your question perfectly!

Apr 01, 2016 03:37 PM
Ambassador
2,188,882
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

There are advantages to working for national chains. I've done it, but I prefer the small locally owned companies. I have friends that work for KW and they like it. I've also had friends leave KW. 

Apr 01, 2016 10:11 AM
Rainmaker
536,538
Mark Don McInnes, Sandpoint
Sandpoint, ID
North Idaho Real Estate - 208-255.6227

I enjoy KW for all it offers at any level you care to be at.  On the other hand like many have said here already, a horse can be led to water and it does no good if it chooses not to drink.  Mark

Apr 01, 2016 08:32 AM
Rainmaker
213,656
Joy Bender
Compass - La Jolla, CA
San Diego Partner - The Private Client Network

I've always heard they have good training for new agents

Apr 01, 2016 08:23 AM
Rainmaker
1,008,025
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Their strength is on the team and training.  I worked there for 6 years and was a coach mentoring others.  Some offices are better than others....

This bottom photo was from KW volunteering (reds) and people seem to be friender KW Realty

Apr 01, 2016 07:34 AM
Ambassador
4,173,107
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

They do have a lot of raving fans out there, probably a great company to work with.

Apr 01, 2016 07:19 AM
Rainer
183,400
Bob Betel
Allstar Home Mortgage, Inc. - Sweetwater, TN
President, Allstar Home Mortgage, Inc

I would read Annette Lawrence's comments over and over again. Excellent answer.

Apr 01, 2016 07:12 AM
Rainmaker
3,052,051
Tony and Suzanne Marriott, Associate Brokers
Haven Express @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

What Bruce Walter said...

Apr 02, 2016 12:49 AM
Rainmaker
3,062,500
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Each Keller Williams office is individually owned, so you need to assess the office that is recruiting you. You should speak to other KW agents. It is a good firm for new agents because they have great training for them. I spent three years at KW and felt as if I had gone over to the "dark side." Not my cup of tea... too much like a cult. But that's me and I was an agent with two decades of exerience when I joined them.

Apr 01, 2016 08:51 PM
Ambassador
2,860,652
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

no one can answer that question for you, but you.

Apr 01, 2016 03:45 PM
Ambassador
3,982,889
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

It is not always about the commission but the whole package, support and company attitude, training and reputation. Check out everything and talk to agents that work there and have worked there.

Apr 01, 2016 01:56 PM
Rainer
303,314
Melissa Jackson
Citiwide Alliance Realty - Weatherford, TX
Helping You Make The Right Move

Talk to your current broker. If nothing changes, interview with other offices.  What do you want? Like others have posted- There is good & bad with KW. 

Apr 01, 2016 01:44 PM
Rainmaker
1,675,376
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

I've never worked for them, so I can't help you.

Apr 01, 2016 01:09 PM
Rainmaker
2,783,670
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

It depends on if you like what they have to offer and if you feel you are a good fit for the office.  I personally am not a fan of the company ... but that means bunk in the scheme of things. Investigate ... talk with agents in the office ... get a good feel before you jump. 

Apr 01, 2016 10:42 AM
Rainmaker
2,759,435
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

It depends on the office.

Apr 01, 2016 10:07 AM
Ambassador
3,969,640
Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

I have good things in general, especially about training, but alot depends on you. I would talk to some other KW agents and ask them some pointed questions before making a final decision

Apr 01, 2016 08:37 AM
Rainmaker
3,145,660
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

All companies are good if you do it right.

Apr 01, 2016 08:20 AM
Rainmaker
4,797,131
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Each office is different and I can't say whether one or another would be a good fit for you or not.

Apr 01, 2016 07:21 AM
Rainer
27,758
Jim McCord
Keller Williams Pinnacle Group - Cincinnati, OH
#1 Best Selling Author & Real Estate Coach

The BEST!

Apr 07, 2016 02:32 AM
Rainmaker
4,959,216
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

every company is as good as the agents who work for it..... make sure you clearly understand the philosophy of the company before you take the dive.... the attitude of the agents will be similar to the "top dog"....

Apr 02, 2016 06:51 AM
Ambassador
1,497,636
John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

Your choice.  I own my own real estate business and still the competition calls wanting me to work for them.  I don't think so, I like where I am.  My choice.

Apr 02, 2016 12:09 AM
Rainmaker
1,026,935
Susan Haughton
Long and Foster REALTORS (703) 470-4545 - Alexandria, VA
Susan & Mindy Team...Honesty. Integrity. Results.

I know people who have gone with KW and I know more people who have gone and subsequently left - it all depends on you, your personality, and what your local office has to offer you.  Brokerages, like real estate, are local, so interview a few and see which one feels like a real fit.  If you're looking for support and training, ask about a mentor program. Plenty of brokerages offer them, so keep your options open.  

Apr 02, 2016 12:07 AM
Rainmaker
3,799,098
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Interview the KW agents in the office you are considering. Just like Real estate is local so are real estate offices. Remember when you move you take yourself with you! If you expect changes you have to change the way you are doing business if you haven't had much activity. This is your business and you need to treat it like a business..can't expect to sit around for the phone to ring! You have to make that phone ring!!

Apr 01, 2016 11:24 PM
Rainmaker
1,670,907
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker and Attorney Licensed in DC, MD, VA,

I am at Keller and I love it - I would be glad to talk to you off line if you want to 240-401-5577

I used to joke about the Kool Aid until I joined - now I really believe in what the company offers 

Apr 01, 2016 11:10 PM
Rainmaker
5,348,113
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Compare them with RE/MAX.

Apr 01, 2016 10:48 PM
Rainmaker
442,453
Dianne Goode
Raleigh Cary Realty - Raleigh, NC
Realtor/Broker

I was KW for 5 years.  Their new agent training is excellent, so it's a good place to start out.  

Apr 01, 2016 10:36 PM
Rainmaker
4,432,093
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

You should talk to the Broker at the office and see how you feel.

Apr 01, 2016 09:28 PM
Rainmaker
3,240,745
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce

Call or email agents who are KW...that is the only way you will really know. The people who don't know and are not agents are not the best source of information but comment anyway. You are welcome to all us anytime...we would not park our license anywhere else.

Apr 01, 2016 08:56 PM
Rainmaker
1,157,274
FN LN
Toronto, ON

It is difficult to make a comment regarding if it is a good financial decision if no information is provided to analyze.

Apr 01, 2016 07:14 PM
Rainmaker
633,946
Kathleen Luiten
Resort and Second-Home Specialist - Princeville, HI
Kauai Luxury Ocean Home Sales

I haven't been with KW but some agents love their model. As a new agent look for good training and mentoring whenever you are. Begin with your current brokerage. Ask your broker how to plug into their training system.

Apr 01, 2016 06:48 PM
Ambassador
1,632,758
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

That is your decision, not someone elses.

Apr 01, 2016 11:58 AM
Rainmaker
266,328
Allie Angeloni
Long Realty - Oro Valley, AZ

I've only worked for the one broker I am currently with, and know nothing about KW, or any other company.  I'm sure they are a great company.  I would do some research is my only and best advice.  And being a new agent, I would want to feel that I did everything that I could, to remain with my first choice, since they were 'my' first choice.

Apr 01, 2016 11:29 AM
Rainmaker
923,343
Thomas J. Nelson, Realtor, ePRO, CRS, RCS-D
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

They are heavy recruiters. I was offered 9 times to come over between 2012 and 2014. I do like the company and most agents from KW I've worked with were pros. I have 3 good friends that work for KW happily. Great training there if you are new!

Apr 01, 2016 10:06 AM