As a real estate agent, you may be considering joining Keller Williams, one of the largest real estate franchise networks in the world. However, before you make a decision, it`s important to understand the Keller Williams agent agreement and what it entails.
The Keller Williams agent agreement is a legal contract between the agent and the brokerage that outlines the relationship between the two parties. As an agent, you will be an independent contractor working under the Keller Williams brand, and the agreement outlines the terms of your employment.
One of the most significant aspects of the Keller Williams agent agreement is the commission split. Unlike traditional brokerages that take a percentage of the commission earned on each transaction, Keller Williams operates on a profit-sharing model. This means that the broker takes a percentage of the company`s profits, and agents receive a percentage of the profits in addition to their commissions.
Another essential element of the agreement is the training and support provided by Keller Williams. The company has a strong focus on education and provides extensive training for its agents to develop their skills and grow their businesses. Additionally, Keller Williams offers technology tools and resources to help agents streamline their workflows and succeed in the competitive real estate industry.
The Keller Williams agent agreement also outlines the agent`s responsibilities, including compliance with state and federal laws and regulations, maintaining a high level of professionalism, and adhering to the company`s code of ethics. Additionally, agents are responsible for maintaining accurate records and submitting reports to the brokerage as required.
As a professional, I would like to highlight the importance of understanding the Keller Williams agent agreement before signing on with the company. By ensuring that you understand the terms of the agreement, you can make an informed decision and set yourself up for success with the brokerage.
In conclusion, the Keller Williams agent agreement is a vital document that outlines the terms of employment for agents working under the Keller Williams brand. By understanding the commission split, training and support provided, and the agent`s responsibilities, you can make an informed decision about whether Keller Williams is the right choice for you. As always, it`s essential to consult with legal and financial experts before signing any contracts to ensure that your interests are protected.
