Keller Williams grew in 2007 while Prudential, Re/Max Century 21, and Coldwell Banker all lost agents

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Real Estate Broker Owner with Evolve Real Estate BK3261358

top 5 KW grows, others shrink

This photo taken by Greg R. Benson, a Keller Williams agent, at Family Reunion 2008 in Atlanta.

We all know this is a difficult market, and surely no one is surprised that part-time agents, and inactive agents, are exiting the industry in droves.  Dues are coming up for renewal, and NAR will have a real drop in membership at the next reporting period... they already acknowledge significant agent losses; surely many more are coming.

This is not necessarily a bad thing for the industry.  Many of those part-timers create problematic transactions from their lack of experience, their shallow skill sets, and their overall lack of knowledge.  I'll be so glad to see the lesser agents get back to other pursuits... they were in my way.

What is striking is that only Keller Williams has what it takes to grow in this difficult market: better training, better support, better skills, better environments.  For, what else can you attribute the loss of agents by the other 4, while Keller Williams continues to grow.

It just crossed my mind, Re/Max will no longer be able to use that bar graph showing constant agent growth since their inception... it just ended. 

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keller williams
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December 04, 2008 02:52 AM
Rainmaker
76,591
Jennifer Walker-Derby
Real Estate Extraordinaire
Re/Max Westside

I realize that I am coming into this conversation a year late but I will say that I interviewed with both KW and ReMax when I made my last change a few years ago.  I chose ReMax for several different reasons:

1.  My ReMax office costs me $12,000 a year less to work at than Keller Williams.  That is a lot of $$

2.  When being given the tour of the local KW office, once introduced to the bull pen an agent stood up and said "didn't I co-op with you on X property?"  When I agreed she started screaming to the Team Leader "she's mine, she's mine!" so I would be counted under her tier of "profit sharing" in the event I joined.  Tacky!

3.  I am a pretty big producer so when asked point blank how much "profit sharing" I would see if I brought someone of my caliber in under me it only equaled to a couple hundred dollars.  Let's face it, I am in the business of selling real estate, not recruiting... which brings me to #4

4.  Every single time I co-op with someone from KW I get the hard sell to bring me over (and sometimes their broker calls me as well).  It gets old and to be honest, I find it unprofessional since I know their main goal is to make money off my production.

Listen, I actually really like the broker over at my local KW office.  She invites me to training sessions and I respect her as a person however that doesn't mean I want to pay more $$ to be over there.  I see a lot of agents leaving ReMax for KW (and smaller companies) right now but it's not because of a better enviornment, it's because the market is down and they can't afford to keep shelling out money when they are not producing.  KW offers commission splits and ReMax (at least my office) doesn't.

February 14, 2009 09:36 PM
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