How Much Does Keller Williams Pay Compared To A 100% Broker ?


In following blogs I am going to post the commission differences in flat fee 100% commission brokers to the commissions the large corporate brokerages; Keller Williams, Coldwell Banker, ReMax, Century 21, etc.. take from their agents. This blog will be on Keller Williams.

The following information is copied from an inman article where the CEO of KW spoke;

"The commission split that Keller Williams offered agents is a hybrid of that offered by traditional franchises and 100 percent commission organizations. The Keller Williams agent/Keller Williams Realty receives a 70/30 commission split from the first dollar of gross commission income generated. The agent was responsible for paying a franchise fee to the international office each year, which was capped at $3,000. The agent was also responsible for paying a fee to the market center,..."

So let's use the median sale price for a home in California this year (from CAR) which is $449,500, to calculate how much an agent would receive if they were with KW. On a 3% commission the amount earned by the agent would would have been $13,485. After KW takes their portion of $4,046 the agent will end up with only $9439. ..yikes ! We're not done yet. KW agents are also required to pay a "franchise fee" of $3,000 per year on top of the already huge chunk taken out. So, if the average agent only sells only 3 properties a year (according to NAR) then that's an additional $1,000 the agent must pay to the KW broker. So after all the commission grabbing is done the agent has given KW $5,046 and is left with only $8439 from the original $13,485 they earned. And I'm not even including another additional fee KW agents also must pay to the "marketing center".

Now lets look at that same transaction with CURB. Instead of an agent paying a whopping $5,046 in commissions with KW, with CURB they would have only paid $595 + $95 E&O, for a grand total of only $690 vs $5,046 ! With the KW model the agent ends up with only $8439 as opposed to $12,795 with CURB. That is an extra $4,356 in your pocket ! Do that only 3 times a year and that equals an extra $13,068 that stays in your pocket for you to spend on anything your little heart desires.

#KellerWilliams #Commission

Ronny Santana - Broker / Owner

CURB

California's Premier 100% Commission Brokerage

www.KeepYourCommission.com

* * * * * * * * *

#brokerage #california #commission #company #100 #onehundredpercent #companies #agency #broker

1 view0 comments
 

100% Commission Broker, 100% Commission Brokerage, online 100% real estate broker, online 100% real estate brokerage, online real estate broker, online real estate brokerage, online 100% Commission real estate brokerage, online 100% Commission real estate broker online 100% Commission real estate brokers, online 100% real estate brokers, 100% Commission real estate brokers, 100% Commission real estate broker, 100% commission real estate, 100% commission california real estate, 100 Percent Commission Real estate, Flat Fee Real Estate Broker, Flat Fee Real Estate Broker Online, Flat Fee Real Estate Brokerage, Flat Fee Real Estate Brokers, virtual online real estate brokerage, virtual online real estate broker, virtual online flat fee real estate company, virtual online real estate brokers, virtual online flat fee brokerage, online flat fee brokerage, flat fee brokerage, Real estate Commission flat fee brokers, Real estate Commission flat fee brokerage, one hundred percent commission real estate, one hundred percent commission real estate broker, one hundred percent commission real estate brokerage, california virtual online real estate broker, online real estate broker, 100% commission real estate california, 100% commission real estate broker california, 100 percent real estate brokerage, online real estate brokerage california, 100 percent commission real estate brokerage, 100 percent commission brokerage, virtual real estate brokerage california, 100 percent commission real estate companies, 100% commission real estate companies, 100% real estate brokerage, virtual real estate brokers, best online real estate brokerage, virtual real estate agency