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0000001172 00000 n Verify Loss Carried Forward: Check with your accountant on that! Your success as a real estate agent wont become family folklore once you pass. Profit share is about bringing on the right people top-performing agents and growing businesses with them. I am not an accountant but it seems to be passive income that can be claimed on Schedule D of your tax return-which means you don't pay Social Security!!! Access Your Electronic Profit Share 1099 / T4A Tax Forms )!yb~+)\dccbm`.6N"]rzLs_OCGZx:HwGFqF 6" by5+qtp%D4I0JV*C=jz>-wu)N(EOTbEW~ K8\6t2ZTU4\_TB4@e1=2DK[I8D2d27 Pv8mIic] JQd \x,7Qt/J#Y[AS2~Vr(.`AvN.wh[}%bz E\ This usually yields a decimal around 0.25, though it depends on how well the office does during the month. When transactions close, KW associates who have not yet met their cap pay company dollar to their market center. When asked what profit sharing has allowed her to do, Adler replied, My philosophy is that money is good for the good it can do. One example of how Adler gives back is through The Sue Adler Teams Annual 100th Home Sale Charity Program, where she donates $20,000 to six local charities, as voted on by the community. Real Estate Broker/Owner with Keller Williams Realty. $78.2 million in 2013. ( 0000004782 00000 n There are various terms you will hear in the Market Center when discussing finances. This, in turn, motivates all associates to achieve growth together. If you are with the company for over three years you are vested for life and will continue to receive profit sharing from your downline. The change comes after KW CEO Gary Keller took a swipe at agents who'd left for virtual brokerage eXp . How Does the Keller Williams Profit Share System Work? Just looking at the numbers and calculations above, you can see that theres earning potential. Since inception in 1989, the Keller Williams Profit Share program has surpassed one billion dollars in distributions to associates. When your agents become sponsors, theyll be on level 2, and youll earn 10% oftheirprofits. Each sponsor gets 50% of the profit attributed to the profitable activities conducted by the associates they bring on. Special Note: You are not getting a portion of the agents commission. 0000002950 00000 n Now lets say that the profit is $75,000. What is The Keller Williams Realty Economic Model? How this overhead is distributed is broken into three levels: Once your Market Centers profit exceeds the maximum for level 1, the level 2 percentages kick in, and so on. Typically, an agent will pay a commission to the office where they work. j:Vj6-OhD^Sk-LbnQok2tpV?z'v|`n{;=q#s7druav~$J! 7I>Xwd,_mSIPhLh0dU={-6wT!yHQ.0ODvV:{1yavFoWS7C;_M|*$>?l}J?Y\Ab H.9R*as%Zpfs5:W,IGP>?THkddJK1c%e~qBWz, E}YXv@"2 !Dqr]RH%*Qpb%C8EQ6@+Y JfpV.*4bte,(pEg|Q(!D] xD:&f,|'PhY;D^#X$x`Tvki>~\%ns_/X?302]~ XW} OZv Profit Share program, in which owners share almost 50 percent of their office profits back with the associates who helped that office to grow.
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