Question:  What’s worth over a $1Billion, is still growing strong and was built from concept deemed crazy by others in the real estate industry?  The answer:  KW Profit Share. When this concept of wealth-sharing was first introduced, others in the industry were quick to call it impossible and the creators crazy. Yet KW’s founder, Gary Keller, blazed forward, creat­ing his own path. Today, that choice to defy all those critics have paid off.  $1 billion (and counting) in profit share has been distributed since the program’s inception, showing Keller Williams’ long-standing commitment to reward­ing associates for the success they’ve achieved together.

In keeping with the philosophy that agents are partners and stakeholders in the success of the business,  approximately 50 percent of profitable market center’s profits each month are returned to those who have contributed to a market center’s growth by attracting productive associates to the office. The Keller Williams Profit Share program has surpassed $1 billion dollars in distributions to associates since the program’s inception in 1989.

“We are fierce advocates for real estate agents,” Gary Keller once said. Profit Share was ridiculed in the early 1980s because people didn’t understand it. The program is a covenant relationship to make each other’s lives better by maximizing the financial potential of individuals.

If you go out and sponsor one person every year it will mathematically earn you more than a listing will. “Who can I go talk to about real estate?” Harker asked. “This is a conversation I have with myself every day. He is always on the lookout for talent that would make a great real estate agent because it is an opportunity to help another person change their life while also helping your own family.

“Family takes care of family,” Harker said. “Even if I have a bad month in real estate, I can always count on Profit Share.”

Profit Share Explained

Here is a great video that shows the way profit share is calculated and distributed.

Changing Lives

The stories of people who are living new and better lives through profit-share aren’t fairy tales.  They’re real-life success stories.

Since the inception of the profit share program, KW has distributed more than $1 billion to associates who have helped the company grow!

And, thanks to the company’s recent growth and agent production gains, it has distributed more profit share in the past four years than in the preceding 21 years combined.

“Profit share saved my life.”

Dawn Braithwaite, a top-producing agent out of Ridgewood, N.J., credits the profit share program for saving her life. After a bad fall, Braithwaite sustained severe injuries to her wrist and within 24 hours learned she needed surgery. Her heart sank as her insurance company told her the surgery would not be covered.

“I just got divorced and was trying to pay all my bills,” Braithwaite says. “There was no way I could afford it. I didn’t know what to do.” After meeting with her doctor early in the week, she learned her only options would be to negotiate the price of the surgery down or have it performed by medical students at another clinic on the other side of town. But even at a discounted rate, the surgery was out of her price range.

She canceled her surgery and resigned herself to being stuck until she received an unexpected message in her inbox.

“On Thursday, I opened my email and saw that my profit share check had been deposited,” she says. “I couldn’t believe it!” Stunned and relieved, Braithwaite contacted her doctor right away and was in surgery the following day. It ended up being the surgery that saved her life.

“What should have taken an hour ended up taking two and a half,” Braithwaite explains. “It was a complicated operation because the doctors found that I had severed an artery and nerves. I could have bled to death. If profit share hadn’t come in, I don’t know what I would have done.”

“With profit share, our opportunities to give are so much greater.”

Linda McKissack, Keller Williams’ number one profit share earner, calls the program “the greatest gift we’ve been given.” Since becoming purposeful about profit share in 2007, McKissack has built a significant business and teaches agents how they can fund their lives long after their last deal is finished.

While McKissack has enjoyed the money, “the real gift is significance,” she comments. “It changes people’s lives.”

She has seen the impact firsthand with her family.

“My son-in-law was sick for 10 and a half months with terminal cancer,” McKissack shares. “My husband and I only worked three weeks during that time because money was coming in passively. Helping him fulfill his life wishes and being with my daughter, granddaughter and family – it was priceless. If you have profit share covering your expenses, you have freedom. You never know what’s on your horizon.”

The Bottom Line

The bottom line in all of this directly relates to the bottom line in your life.

You only have one life to live.  Why not live it with an additional stream of income? One that can go to so many things like saving, investing, vacation or retirement.  One that you can depend on.  One that you can grow. While you work harder and smarter, that fund grows for you.

It all starts with a conversation.

Fill out the form below and let’s talk.

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References:https://blog.kw.com/1_billion_profit_share

https://outfront.kw.com/views/kw-profit-share/

https://blog.kw.com/topic/kw-profit-share