KW: We’re Biggest Real Estate Franchise in U.S.
February 1, 2018
Keller Williams Realty is calling itself the largest real estate franchise in the U.S. by sales volume and units sold, as well as the world’s largest franchise by agent count. The company reported the findings in its latest quarterly release, which included research into SEC filings, company websites, and industry reports to gauge its placement in the marketplace.
Keller Williams reported record agent production, owner profit, and profit shares in the fourth quarter of 2017, topping its own previous record set in 2016. KW agents closed 250,815 transactions and $73.2 billion in sales volume in the U.S., up 9 percent and 13 percent year over year, respectively. Profits for KW franchise owners in the fourth quarter were up 7 percent year over year to $39.9 million, and profit share reached $34.9 million.
Keller Williams has more than 156,500 associates in the U.S., up nearly 13 percent year over year. “We’re certainly excited for our people and their incredible increases in agent production and market share,” says Keller Williams CEO John Davis. “And we’re just getting started. We’re committed to continuing to raise the bar and providing even more value for agents and their clients.”
So far, 2018 looks like it could be another record-breaking year for the company. Its U.S. associates have taken 140,013 new listings in the first quarter of this year and have written 257,750 contracts. Keller Williams’ contract volume in the first quarter of 2018 reached $75 billion.
Source: Keller Williams Realty Inc.
Updated: August 15, 2018