Keller Williams Realty Reports Record Growth Numbers for 2009
Company gives back $32.2 million in profit share to agents, moves to third-largest real estate franchise in the United States
AUSTIN, TEXAS (February 22, 2010) — Keller Williams Realty Inc. reported today at its national convention that, despite the battered economy, it closed out 2009 with increased profit, profit share and associate growth. According to CEO Mark Willis, who delivered his annual State of the Company address to more than 8,500 convention attendees, the company gave back $32.2 million in profit share to its agents in 2009, up six percent year-over-year. Since the inception of the profit sharing program, the company has given back $270 million in earnings to its agents.
The gains were driven by an increase in agent productivity, with the number of contracts closed per agent increasing by 16 percent year-over-year. Accordingly, Keller Williams Realty office owners closed the year with a cumulative 86 percent increase in owner profit for the year. On average, the company has grown its business (as measured by the number of closed units) at an annual rate of 27 percent for the past 12 years.
“We are incredibly proud of the milestones we’ve achieved this year and the accolades we received; and it is all thanks to our incredibly resilient agents and market centers," said Mark Willis, CEO, Keller Williams Realty. “It is no secret that we have our eyes on growth and we place a lot of emphasis on recruiting and gaining market share because that’s what drives our economic model. Our growth this year was also driven by more than 90 mergers and roll-ins that our office owners completed and we’re proud to say that we’ve done it all without one cent of operating debt."
“That’s why as we’re looking into the future, we envision becoming the No. 1 real estate franchise in North America and even further expansion globally in the coming years," Willis added.
In addition to being named the third-largest real estate franchise in the United States by REAL Trends, the company received accolades throughout the year including:
Throughout 2009, Keller Williams Realty launched new products and services specifically to boost its agents’ businesses. The company provided no-cost, open access to downloadable training from its training arm, Keller Williams University (KWU). Additionally, company chairman and co-founder Gary Keller’s hit the road to teach the 12 tactics from his book, SHIFT: How Top Real Estate Agents Tackle Tough Times, which just became a New York Times, Wall Street Journal, USA Today and Amazon.com best-seller.
About Keller Williams Realty, Inc.:
Founded in 1983, Keller Williams Realty Inc. is the third-largest real estate franchise operation in the United States, with 668 offices and more than 76,000 associates in the United States and Canada. The company, which began franchising in 1990, has an agent-centric culture that emphasizes access to leading-edge education and promotes an economic model that rewards associates as stakeholders and partners. The company also provides specialized agents in luxury homes and commercial real estate properties. For more information, or to search for homes for sale visit Keller Williams Realty online at (www.kw.com).
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