Keller Williams has reported record growth, productivity and profitability gains for 2013.
The largest real estate franchise by agent count in North America, the company added 15,000 associates last year, bringing its overall associate count above 95,000.
During the company’s annual convention in Phoenix, Keller Williams CEO Mark Willis announced that the company’s associates had shattered records in every category Keller Williams measures:
Transactions were up nearly 20 percent to 644,000 units; Sales volume was up almost 30 percent to $158 billion; Commissions earned increased by 30 percent to $4.2 billion.
The productivity gains drove profitability for franchise owners and fueled historic Profit Share distributions to associates.
Ninety-five percent of offices were profitable for the year — a figure far above the standard for franchise businesses. The company shared more than $78 million with associates through its Profit Share program — an increase of 41 percent over 2012.
Since the program’s inception in 1996, the company has distributed $475 million in profits with associates. It is on pace to double that cumulative Profit Share to more than $1 billion over the next five years.
Last year, the company signed master franchise agreements covering Austria, Germany, Switzerland, Turkey and the UK and launched KW Indonesia, KW Southern Africa and KW Vietnam.
“Keller Williams family this year … showcased to the world that an education-based, technology-driven, consumer-focused company can drive innovation and excellence,” Willis said.
“You’ve shown what an energized army — 96,000 strong and growing — can achieve when we all work together and are focused on a shared vision.”
During an update on the company’s global expansion, Keller Williams Worldwide President Chris Heller announced plans to open Keller Williams offices in Dubai.