Are You a Head Turner?
We are looking to meet with agents that are:
* Hitting a ceiling with their production
* Not happy with their declining production
* Not getting the training, coaching, and consulting to impact their business
* Just curious to see what's going on at another brokerage
* Spending too much money in commissions at current brokerage
A lot of new agents flock to Keller Williams because of our depth of training. Yet we have the massive teams that are realizing that it's not about what commission split you pay, it's about the cost of sales. Keller Williams has a 70/30 split with a 6% royalty fee and a traditional top 5 brand might be 80/20 split with 7% royalty. While it looks like a better split visually, when you do the numbers logically there is a disconnect.
Let me give you an example. The 70/30 split comes out to be $26,000 in company dollar and the 6% royalty fee is $3,000.00. If you are a top producer lets' say doing 15 million in volume your cost of sales is only $29,000 because we have a capping model that allows producers to make 100% commission. If you did that same production at 80/20 split and 7% royalty(assuming 2.5% commission), you paid your company $101,250.00.
So, in theory this agent, if they were at Keller Williams would have a cost of sale at 8% and if they were at their own company at 80/20 and 7% royalty, their cost of sale is 27%. Question, are you ok giving away 19% cost of sale? Are you ok giving away $72,250 yearly assuming your sales volume stayed at 15 million?
Do the math with any split you are on and base it on a cost of sale. You should not be ok giving all your money away when you could reinvest it in stocks, bonds, investment properties, college reserves, savings, tithing, gifts, non-profits, etc... And if you were to do 15 million in sales volume for 14 years, you just gladly and happily gave your company over 1 million dollars! Are you getting the picture?
Let's meet today and explore all the opportunities that Keller Williams offers and see if we are a good fit. Our last big head turner who joined the Keller Williams family in the San Diego area was Daniel Beer who did over 126 million dollars in volume in 2016.
No harm no foul in exploring an opportunity to invest in YOU.