New York Real Estate Journal

KWNYC sharing success with profit sharing model

August 12, 2013 - Brokerage
Keller Williams NYC (KWNYC) is the first brokerage in Manhattan to share its company success with associates through their profit sharing model. More than $37,000 will be distributed to agents in the first month. Through its innovative business model, Keller Williams Realty rewards associates who support and fuel the company's growth. Nationally, Keller Williams will distribute more than $10 million to agents for the month of June. "At Keller Williams NYC, our agents are our partners in business. As partners, the company's direct focus is to champion broker productivity and increase the bottom line," said Eric Barron, CEO of Keller Williams NYC. "Keller Williams NYC is the first and only New York City brokerage sharing company success with agents. Through the empowerment of our agents, we are revolutionizing the New York City market." Since the opening in April 2011, Keller Williams NYC has marked its presence in New York City with more than 260 agents and has become one of Manhattan's top 10 companies. Keller Williams NYC now joins more than 700 Keller Williams offices in sharing company profitability. "Our mission at Keller Williams is to build careers worth having, businesses worth owning, and lives worth living," Chris Heller, President of Keller Williams Worldwide. "Through sharing our company's success with our agents, they are reminded and awarded every month for continuing to stand behind Keller Williams's commitment to be the number one real estate company, first in North America, and soon to be worldwide." "Keller Williams NYC's is the only privately held brokerage with an open book policy. We're debt free and rapidly expanding with plans for four new offices to strengthen our growing presence in New York City's real estate landscape," said Barron. "The Keller Williams NYC team is transforming real estate in Manhattan and we plan to profit share an estimated $2 to 3 million each year with our agents - and we're just getting warmed up."