Keller Williams Realty (commonly referred to as Keller Williams ) is an American technology and international real estate franchise with headquarters in Austin, Texas. This is the number one franchise in the United States based on sales volume, number one ranking in agents and units sold in 2017. It is also the largest real estate franchise by the number of agents in the world, and one of the largest privately-held brokerage private real estate estate.
Founded in 1983 by Gary Keller and Joe Williams, the company grew from one office in Austin to about 940 offices with over 180,000 associates worldwide in May 2018. This is a 5000 Inc. company. and has been recognized as one of the highest rated real estate companies by various publications, including Entrepreneur and Forbes . In 2018, it is listed as one of the "happiest companies to work" by Career Bliss.
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Histori
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Keller Williams was founded in 1983 by Gary Keller and Joe Williams. It started as a single office based in Austin, Texas, selling local residential real estate in the Austin area. After two years in business, Keller Williams became the largest single office real estate firm in Austin with 72 licensed agents. In the mid-1980s, the company suffered a United States housing bubble and began offering profit-sharing to existing partners and the potential to retain agents and help pass the recession. Within a year, the company grew to 130 agents and began to climb back as top real estate broker in Austin.
In the early 1990s, Keller Williams expanded outside the state of Texas, opening up its business model to start a franchise business in 1991. Keller Williams opened an office in Oklahoma in 1993, marking the company's first office outside its home country. The Oklahoma Office was later recognized as the single most successful single real estate office in the state. Keller Williams thrived throughout the United States, much of which is attributed to the division of commissions to agents. In 1997 the company was recognized on the list of Success Magazine's Franchise Gold 100. When moving into the next century, Keller Williams became the 6th largest real estate agent in the US. An example of a rapid expansion came in the state of Florida where in 2004 it was considered the largest real estate office in Polk County with 114 agents. In the same year, it was considered the fastest growing statewide office with 45 market centers, bringing the number of its agents to more than 30,000.
Keller Williams continued to grow and in 2007, the company launched Luxury Homes by Keller Williams, a division within the company that bridges only luxury real estate. In 2008, it launched KW Commercial, a division that provides commercial real estate associations with specialized technologies, marketing tools and resources. This division is known for allowing agents to keep the commission share more. It also allows profit sharing similar to residential agents. In 2012, the division boasts over 1,000 brokers nationwide.
2010 to 2016 International expansion
By the end of the 2010 decade, Keller Williams has 77,672 real estate agents in the United States. It surpassed Century 21 as the second largest real estate agent in the US, two years after taking over the third place of RE/MAX International. Between 2005 and 2011, the company saw a 40 percent increase in the number of offices in North America. Keller Williams went international in 2012, launching Keller Williams Worldwide as a subdivision to manage his international franchise. It was awarded the first overseas franchise in Vietnam in 2012. The same year, the company's franchise was available in Indonesia and South Africa, and by 2013 expanded to Germany, Austria, Switzerland, Turkey and the UK.
At the end of April 2014, Keller Williams reached 100,575 agents worldwide. This is due to an 18 percent increase in agents during 2013. In 2014, this is the largest real estate franchise by the number of agents in North America and the sole brokerage residential real estate private housing. In 2014, the company also announced the opening of the territory in Dubai. Dubai's first franchise awarded to IFA Hotels & amp; affiliated leadership group The resort is considered the largest foreign investor in Palm Jumeirah.
2017 to present: Transition to technology company
Keller Williams reached $ 67.1 billion in sales volume in 2016, up 22 percent from a year earlier. The company started positioning itself as a technology company in 2017. In 2017, KW Labs was launched, a division of corporate processes devoted to building and testing technology made by the company along with its agents. This is an addition to KW Keller Cloud. It also introduced "Kelle," an artificial intelligence app that has been referred to as Siri but for real estate that is used as a virtual assistant, and a platform of agent-to-agent reference tools called "References." Keller Williams became the number one franchise in the United States based on sales volume in 2017, ranking number one in agents and units sold in 2017.
Keller Williams continued its expansion into South America in 2018, opening franchises in Argentina, adding to existing locations in Colombia, Belize, Nicaragua, and Panama.
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Corporate sharing
Keller Williams Worldwide - Keller Williams Worldwide is responsible for the company's global franchise and expansion.
Philanthropy
Keller Williams operates a charitable organization known as KW Cares which is a non-profit organization set up to help company colleagues and their families face difficulties and emergencies. Examples of giving include helping to help fight serious illness or recovering from life-changing accidents. The organization also contributes to other nonprofit institutions including Yayasan Sumur Ryan, Rumah Pasukan Kami, and Cancer Center M. D. Anderson.
Starting in 2009, Keller Williams began organizing a one-day annual event where all employees spend a day away from the office donating their time to their local community. Known among colleagues as RED Day (Renew, Energize, and Donate), all of Keller Williams's offices are closed for the event. From the outset, his colleagues have been involved with projects that include rebuilding homes, organizing blood movers, giving local food, and improving local parks.
Awards and acknowledgments
Keller Williams has received many awards since its inception. In addition to being a 5000 Inc. company, it has been recognized by Inc. as a Top 100 Real Estate Company , placed on the magazine's honorary role as five times Inc. 5000 Honoree , and receive Inc. Hire Electric Power Awards . Further acknowledgment has come from the Entrepreneur where he has been featured in the Best Magazine franchise of Best Magazine and included in their fifth Franchise 500 rank. The company is recognized as the number one training company by Training Magazine in 2017; and, was inducted into the Training Hall of Fame in 2018. In 2018, it was listed as one of "the happiest companies to work" by Career Bliss as reported by Forbes.
See also
- List of companies based in Austin, Texas
- List of franchises
- List of real estate topics
- Real estate trends
References
External links
- Official website
Source of the article : Wikipedia
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