Is that true that Keller Williams Realty pay out from their profits to the agents?
Answers:
There are a bunch of realty franchises that emphasize 'residuals'. That should raise a red flag that it might be an mlm scam. Exit Realty, in particular is very similar to Keller Williams. I have not done the same amount of homework on KW as I have with Exit but Exit realty is an unsustainable business, IF agents are able to sell houses. That means if agents are successful, the company WILL go out of business. So they are betting on that majority of agents will just pay them annual fees and never make a sell.
Is that deceptive practice? Probably. Keller Williams has a similar financial structure. But I don't know the details to say if it is as bad as Exit.
Good luck.
Yes you only get residuals if the office is profitable. The office I worked for held bills back so they would not show a profit thus they did not pay me.
EXIT REALTY pays you 10% of every closing from your sponsors whether the office makes money or not.
yes, that is true. so it is stated in their publications. however, i think they fudge numbers like enron did, so i believe the answerer no. 1. i do not think that i'd make a good member of KW because i mistrust it, no--not as an ethical real estate company--it is that! i mistrust its hype about what i will get from the syndication.
I've been with KW for almost 2 1/2 years. On average, per month I get anywhere from 900-5000$ in profit sharing. All I do is hand over a name of an agent who I feel could benefit from the training that KW offers? Is it that difficult? I can refer anyone throughout the US, if that person's office is proffitable (which 98% of their offices over 18 months open are) then I share in the profit.
KW cannot hide numbers like ENRON they are an open book company. You can walk into the MCA (Market Center Admistrators) office and view financials at anytime.
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