Posted By:
CJ Harrington
Keller Williams Realty
www.cjharrington.com
cjharrington.crs@gmail.com
440.336.0612
COMPENSATION
for a New Generation
Keller Williams is committed to the concept of
sales associates' compensation being more than
just commission programs.
This commitment is what lays the conceptual
foundation for our unique alternative to traditional
100% companies. Our dedication to provide our
associates high compensation opportunities besides
merely commissions is an entirely new dimension in
real estate.
Profit sharing is a reward to any Keller Williams
associate who contributes to growing the company
by referring new agents to the company. If you're like
over 90% of the agents, you've been
responsible for agents joining your company by your
professionalism in the field. Were you rewarded for
that? (Over 90% of all agents join a company because
they knew an agent there!)
Profit sharing offers Keller Williams agents
an additional income stream even after
they leave their real estate careers.
Every sale associate, regardless of
production, has the same annual expense
cap amount. This makes a level playing field!
Keller Williams
Profit Sharing
The profit that is shared with associates is the
owners' profit. It is derived from calculating
the gross income that the Market Center receives
and subtracting out the approved Market Center
expenses for the month.
It does not come from agent commissions.
How an associate profit shares . . .
Through the individual profit share pools of the
agents they referred to the company. The Market
Centers of those referred agents must be profitable.
How much of the company profits did
your broker share with you last year?
For More Information!
Check Out Our Website:
www.cjharrington.com
For FREE Buyer AND Seller Reports!
Or call my cell phone at 440.336.0612.
Why Keller Williams(8): Strongsville Real Estate
Posted By:
CJ Harrington
Keller Williams Realty
www.cjharrington.com
cjharrington.crs@gmail.com
440.336.0612
Keller Williams
Commission Structure
Keller Williams offers its sales associates a low
risk concept. You begin your fiscal year on a
high commission split and then advance to true
100% commissions (in Keller Williams language, you
‘cap') after satisfying your operating
expenses and royalty which are also capped at a fixed
amount.
You pay as you go. Payments are made when
sales occur. There are no monthly payments
if you have no business transactions that month.
You never pay more than your annual "cap"
amount during your fiscal year. If the "cap" is
not satisfied during the year, you do not owe it
and it does not accrue into the next year.
You start over each new fiscal year.
A fair commission structure
with little or no risk to the sales associate!
It's not about the split . . .
At Keller Williams sales associate with an
annual production of approximately two million
dollars will pay-off the expense cap and royalty.
Thereafter, they receive 100% of their commissions.
Since all associates pay the same annual expense
cap and royalty cap to the Market Center, the
commission split really doesn't matter.
It's what you keep, not what you make, that makes a
difference. Through our ‘open book' approach, our
graduate level courses, and our individual consulting,
each agent has the opportunity to learn the same
business principles that are taught in major
universities-and keep more of his/her income. We
Are the only major real estate company treating your
business as a business!
Every sale associate, regardless of
production, has the same annual expense
cap amount. This makes a level playing field!
For More Information!
Check Out Our Website:
www.cjharrington.com
For FREE Buyer AND Seller Reports!
Or call my cell phone at 440.336.0612.
Why Keller Williams(7): Strongsville Real Estate
Posted By:
CJ Harrington
Keller Williams Realty
www.cjharrington.com
cjharrington.crs@gmail.com
440.336.0612
Throughout Keller Williams a tradition new to the real estate industry is being firmly established --- brokers and associates as colleagues working in business together to develop each associate's business.
No detail has been overlooked to help provide career support for Keller Williams associates to achieve their highest goals.
The Keller Williams Systems and Management Support work interdependently to provide the foundation for this leading edge career opportunity.
Commission Facts
It is the future of the 100% commission programs
to become a 95/5 split with a transaction fee in
some concepts that never ends. With no benefits
other than independence, this may result in the
highest "desk fee" arrangement in the history of
the real estate industry.
Traditional commission splits are normally
sweetened by the traditional brokers offering
some extras such as limited amounts of stuff,
i.e., postage, printing and advertising. The
company dollar due never ends and in some
cases there are different splits at different levels.
Calculate how much you paid your broker
last year in company dollars, referral fees,
annual marketing and associate fees.
NOTICE TO READERS: The following is designed to help you understand how we
calculate profit sharing contributions and distributions under the Keller Williams system,
how we determine agent compensation and how other aspects of a Keller Williams
Market Center's financial results are determined and evaluated. These illustrations are
entirely hypothetical and are intended solely for the use of prospective agents. They
are not intended to enable anyone to determine how much money you are likely to make
as a Keller Williams agent or to predict the amount or range of sales or profits a Market
Center is likely to achieve.
For More Information!
Check Out Our Website:
www.cjharrington.com
For FREE Buyer AND Seller Reports!
Or call my cell phone at 440.336.0612.
Why Keller Williams(6): Strongsville Real Estate
Posted By:
CJ Harrington
Keller Williams Realty
www.cjharrington.com
cjharrington.crs@gmail.com
440.336.0612
Local Management Support
Gary Keller and Joe Williams founded Keller Williams on
the principle that people make a difference.
Sales associates are a broker's colleagues and if brokers
concentrate on developing their people, their people will,
in turn, develop their companies.
The Keller Williams System and Management Support
work interdependently to provide the foundation for this
leading-edge career opportunity.
To facilitate this forward thinking, full company support
for the sales associates is a priority.
NON-COMPETING TEAM LEADER (TL) - Supports and
consults to the highest level in the agents' careers,
brings new associates into the Market Center, organizes
and supports local education in the Market Center and
drives the goals of the Market Center. The TL is the
facilitator of the Agent Leadership Council and oversees
the local staff.
MARKET CENTER ADMINISTRATOR (MCA) - Handles
the entire accounting system of the Market Center and
supports the Team Leader as well as the agents in the
Market Center.
For More Information!
Check Out Our Website:
www.cjharrington.com
For FREE Buyer AND Seller Reports!
Or call my cell phone at 440.336.0612.
Wednesday, November 5, 2008
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