Real Estate giant, Keller Williams reports record-breaking growths, productivity and profitability gains in 2013. Announced during the company’s annual convention held in Phoenix, CEO Mark Willis stated that the company’s associates had both outpaced the industry and shattered records.
By adding a whopping 15,000 new associates in 2013, bringing an overall estimated associate count of 95,000, transactions were up nearly 20 percent to 644,000 units. Sales volume and commissions earnings increased almost 30 percent; the latter up to $158 billion and the former to $4.2 billion.
Productivity gains also led to profitability for franchise owners. These owners fueled a historic profit share of distributions to associates and were profitable throughout the year for 95 percent of their offices. This reached a record standard for most franchise businesses.
Now in 2014, with the company’s pace to double its profit share, the company will have a cumulative $1 billion in the next five years. This includes master franchise agreements that cover Austria, Germany, Switzerland, Turkey, United Kingdom. The company has also launched KW Indonesia, KW Southern Africa and KW Vietnam.