Keller Williams Realty: The Commission Structure
In most traditional real estate companies, the commission structures means that the more you earn, the more you give away.
At Keller Williams Realty®, we believe that the harder you work, the more you should be rewarded. Keller Williams Realty has a commission cap, which means that after you hit the cap, everything else you earn is yours!
The agent is on a 64/30/6% split. ***
64% goes to the Agent ***
30% goes to the Market Center (variable cap)
6% goes to KWRI (capped consistently at $3,000)
The Market Center cap is determined by associate vote(the agents are treated as partners/stakeholders), based on operating expenses and economic conditions of that market. The cap for the international fee does not fluctuate. In both cases, once an agent hits the cap, the money for that year is the agent’s…and Keller Williams Realty works on the agent’s anniversary year, not a calendar year, so no matter when you start, you have a full year to prosper!
Example:
In the Atlanta Market, the agent cap to the office is $15,000. If an agent does $200,000 in Gross Commission, they will net $182,000.
$200,000 Commission in 12-month anniversary year
– $15,000 to office
– $3,000 to KWRI
= $182,000(91%)
With the addition of the company’s unique profit sharing model, many of our agents make more than 100% of their commission(profit sharing exceeds their cap payout)!
***Commission % may vary based on experience and office, but cap is the same for each agent in the same office***
Related Posts:
How Profit Share is Calculated: The Profit Share Formula Video
Wealth Building Slideshow Presentation: Grow Your Profit Share Tree and Amplify Your Life!
What is The Keller Williams Realty Economic Model?
Video: The Gift of Keller Williams Realty’s Profit Sharing Model
Keller Williams Realty’s Profit Sharing Video
The post Keller Williams Realty: The Commission Structure appeared first on Real Estate Careers at Keller Williams Realty.