Keller Williams Realty ~ Building Inome through Profit Share

by Karen Goodman on September 6, 2010

To learn more about Keller Williams Realty, visit ConsiderKW.com.

The video above gives a good overview of the profit share program and how it can impact your life. The videos at the bottom of this article go into more details about how profit share is calculated and how you actually build a profit share income.

The profit share program at Keller Williams Realty was one of the major factors for me in deciding to come to KW over the other brokerages I was considering.

Of course, the opportunity to build income through profit share wasn’t the only reason I went to Keller Williams, but it was one of the things that clinched the deal.

After doing all my research, I was so sure that there was no other brokerage that could help me grow my business better while letting me keep more of my commission dollars.

I like helping people. It’s why I went into real estate. Even without the profit sharing plan I would have wanted to share this wonderful discovery with agents I had worked with in the past who I respected. To be rewarded for something I would have done anyway was very appealing to me.

I was also excited to learn that I would be vested in the profit sharing plan after only 3 years…meaning if I left the company after 3 years I could continue to earn profit share income even if I went to another real estate company!

Contrary to all the gossip, it is not a multi-level marketing plan. It is not a scam and the profit share money does not come out of the commission of the agents you recruit. It comes from the profits of the company which in most companies is given entirely to the owners.

And since profit share is calculated & distributed monthly, not annually, it forces the company to be profitable every month rather than letting the good months cover for the bad months.

The videos below explain it much better than I can.

How is Profit Share Calculated?

How to Build Your Profit Share Tree:

Every Agent Really Can Make Money by Profit Share:

I have only been with Keller Williams for 15 months, but I have already earned over $1000 in profit share. As of July 2010, there are 116 agents in my office alone who have earned at least $500 in profit share. Eight agents have earned over $10,000 and another 12 agents have earned over $5,000. And this is in an office that has only been open for 4 years.

Big money doesn’t happen overnight, but over time it can really add up. I attended a class at the annual Family Reunion training convention in February that focused on profit share.

Two of the people on the panel had both earned over $2 million dollars of lifetime earnings. Their first few years they didn’t earn much, but over time it grew exponentially. They both now earn between $200,000-450,000 per year in profit share.

Will I ever earn that much?

Maybe not. But if I can earn over $1000 in my first year, I’m confident that the passive income from profit share will have an impact on my lifestyle and will allow me to retire someday.

In St. Louis, we’re just getting started. Today, we have offices in Kirkwood, Sunset Hills and St. Charles County. With over 8000 agents in our region and plans for new offices in Clayton, West County, St. Louis City and Metro East IL (and who knows where else), there is a great opportunity to join the company while it is in it’s massive growth phase.

If you would like more information about Keller Williams Realty and how it might help your career, please feel free to contact me via email or phone (see top right sidebar) or this contact page.