Listed below are answers to frequently asked questions for people interested in becoming a real estate agent with Keller Williams Realty.
Why choose Keller Williams Realty?
There are many reasons to choose Keller Williams Realty as the real estate brokerage to run your business. The top reasons are training and support. With Keller Williams University, Ignite, KW Connect, and many other educational outlets, you have a proven business model to follow. You don’t have to reinvent the wheel. This, along with support, family-like culture, cutting-edge technology and profit sharing, make Keller Williams stand out from other companies.
How much can I expect to earn in my real estate career?
Predicting income is difficult. Your earnings can be affected by sales ability, people skills, hard work, and market conditions. Also take into consideration the cost and time necessary to establish a business that meets your individual expectations. Therefore, you should have sufficient capital to support yourself if your needs are not met as soon as you would like.
How much does it cost to get started with Keller Williams?
A career in real estate does require a financial commitment. Licensing course fees, Board of Realtors membership dues, continuing education and other business expenses (phone, computer, office supplies, personal marketing, etc.) are just a few of the expenses you need to consider when getting started. On average, the start up costs associated with this range from $1000 to $1500.
What type of real estate training is provided for new agents?
Training is where we set ourselves apart from the competition. Ignite is our new agent training designed to build the foundation of your real estate business. It covers everything from contracts to lead generation to successfully managing your new business. The training is taught by the top agents in your office, so you know you’re getting up-to-date information. Also, with the resources on Keller Williams University and KW Connect, there will be no shortage of educational opportunities.
I want to take Keller Williams training courses. When can I start Ignite?
We do have the best training in the real estate industry. This is only for licensed associates. Once you get your real estate license, you will have access to all of our extensive training programs and help from leadership to help grow your business.
Does Keller Williams Realty provide financial assistance to help me get my real estate license?
Unfortunately, we do not provide financial assistance, but we do provide the best training, education, support and culture in the industry. Be cautious of companies that offer this option. This is usually the extent of their support in your real estate career.
What real estate school should I choose? Are online schools a good option?
When choosing a real estate school, note the school must be accredited by your state. Some states have online real estate schools where you can complete the courses from the comfort of your own home. This allows you to finish the courses at your own pace and start your new career much faster. This is a great alternative to sitting in a classroom and online courses are what we suggest. Be sure to check out your state’s licensing page to find the school that is right for you. Remember, the real training comes once you join Keller Williams Realty!
What is the commission split at Keller Williams Realty?
As a Keller Williams agent, you will work off an anniversary year with a “cap” or a maximum amount of money the broker can take out of your commissions during a given year (The cap is directly related to the operating expenses of your local office). You start on a 70/30 split. 70% to you, 30% to the office. When the 30% to the office reaches a set amount, you’re at 100% on all transaction you do until your anniversary year starts over again. You are not required to pay the difference if you don’t reach your cap.
Can I set my own schedule?
As an independent contractor, you are free to run your business on your own terms. You are not required to work 75+ hours a week. The model we provide will teach you time management and how to successfully run your new business. Our real estate business model is designed to work with a normal business week (35-40hrs). Follow the model and your career will flourish and your personal time will increase.
Where will I find leads/clients?
There is a saying at Keller Williams. “We don’t give you the fish, we teach you how to catch your own.” Lead generation is the key to being successful in the real estate industry, so it’s important to learn how to do it. We provide you with many different lead generation methods including Internet lead conversions, contacting Expired/Withdrawn listings, For Sale By Owners (FSBO’s), Open Houses, Door Knocking, etc. Using these tools will ensure you are making enough contacts to be as successful as you want to be.
Is Keller Williams a competing broker?
No. The team leaders/managers of the offices are not out there competing for business against you. We see this as a conflict of interests. The main goal of our support staff is to help build your real estate business, acting as a mentor to take your career from new associate to mega agent. No brokerage does it better than KW!
Can I work as a part time agent with Keller Williams?
Although it’s not impossible, a part time agent is not likely to be as successful as a full time agent. Part time agents usually are unable to attend required training courses, sales meetings, and are not readily available to service their clients and customers. At KW we feel that our company gives you 100% of the tools, training, technology and managerial support needed to be a successful real estate agent. As a result, we expect a full time 100% commitment from you, the sales professional.
Why is Keller Williams training so important? I just finished state accredited real estate school.
While the courses to obtain your real estate license provide you with basic knowledge of contracts, agency, ethics and principles, they do not cover the most important information a new agent needs. Lead generation, marketing, and running your real estate business are key components to a solid career in real estate. At Keller Williams, we understand what it takes to become a successful real estate agent, and provide a proven model to take your business to the highest level.
I want to set up an interview, but I haven’t started my real estate courses. Why won’t anyone call me?
Don’t take this personally. We at www.profitsharebuilder.com are active real estate agents ourselves and are unable to speak to everyone who is considering a career in real estate unless they have committed to starting the licensing process. Our FAQ answer most questions people have, but if we missed one, please reply to our email and we’ll happily get back to you with an answer.
What health insurance options are available to me?
A full explanation of your health insurance options is available here.