Keller Williams Profit Share is for all associates, not just agents.
After the company pays its monthly expenses, the company’s profit is shared between the owners who’ve taken the risk and the associates who’ve helped the company grow by adding associates. It’s a strategy in togetherness.
- The company must be profitable.
- The sponsored agent must close a transaction and have paid their share to the company in a given month. When those things align, the referring associate is rewarded with a portion of the actual owner’s profit.
Profit share is not exclusive to one city, state, or market center. Become a KW Associate and refer an agent to any KW market center, in the US or abroad, and profit share or growth share (outside of the US and Canada) could be realized.
How is profit sharing different from revenue sharing?
In a revenue sharing model, the revenue that is shared with “qualifying” associates comes from the gross profit before the company’s bills are paid. This could be risky and could result in a loss if there is not enough left for the company to pay it’s bills.
Keller Williams first adopted a revenue sharing model. But in the early 1990s, the company realized franchise owners needed to pay company bills first, then share a portion of the owner’s profit. It was also around that time that the 25 Economic Fundamentals—a list of expectations surrounding the flow of money—were introduced as a way to hold leaders and associates accountable for running profitable businesses. Profit sharing is a wonderful opportunity that all associates have, with an unequal reward.
Facts about Keller Williams’s profit share:
- There is no cost to buy in, monthly, or per transaction to participate.
- Profit sharing is truly passive because you do have to invest or tie up your own money to receive it.
- Profit share can be earned on Levels 1-7.
- Profit share funds are deposited monthly on the 21st (if eligible) into the bank account of the associates choosing.
- Profit sharing can be willed.
- There are no management, coaching, or training responsibilities for sponsored agents.
- There are no requirements to be a recruiter. Focus on your business, refer agents to a KW Team Leader, and be the person named as a referring agent by the new associate.
- An associate who stays with the company for 7 years and one day is considered to be vested.
- Yearly, in February, there is a $25 fee to remain in the program.
Receiving a profit share deposit feels like a blessing. Deposits may be small at first, and as an associate’s profit share grows, it could mean regular deposits into a savings account, paying off debt, the ability to give to a much loved charity, family vacations, paying for tires, an emergency, college, buying a boat, a beach house or, all of the above.