As a real estate agent, choosing the right brokerage is crucial to your success. Among the many reputable real estate companies available, Keller Williams is a popular choice with their focus on agent training, technology, and culture. But what does a Keller Williams agent contract entail?
The Keller Williams agent contract is a legal agreement that outlines the relationship between the agent and the brokerage. It covers various aspects such as commission structure, responsibilities, and expectations. Let`s take a closer look at some important points to consider before signing a Keller Williams agent contract.
Commission Structure – Keller Williams offers a unique commission structure known as the Profit Share system. This allows agents to receive a share of the company`s profits based on the productivity of the agents they recruit. It`s important for agents to understand the details of this system before signing the contract. Additionally, Keller Williams agents typically split commissions with the brokerage, although the specific percentage can vary depending on factors such as experience and production.
Responsibilities – The Keller Williams agent contract outlines the responsibilities of the agent and the brokerage. Keller Williams prides itself on its agent-centric culture, which means that agents are expected to take an active role in building their business. This may include attending training sessions, participating in team meetings, and utilizing the company`s technology tools. It`s important for agents to fully understand and embrace these responsibilities to succeed at Keller Williams.
Expectations – The Keller Williams agent contract also sets expectations for agent conduct and performance. Agents are expected to act professionally, uphold ethical standards, and prioritize the interests of their clients. Additionally, agents are expected to meet certain productivity and performance goals to maintain their position within the company.
In summary, the Keller Williams agent contract covers important aspects such as commission structure, responsibilities, and expectations. As a potential new agent, it`s important to carefully review and understand all the details of the contract before making a decision. With the right approach, the Keller Williams agent contract can offer a unique and rewarding opportunity for real estate professionals.