Chicago upstart Keller Williams International Realty has sneaked up from nowhere to win the 2009 FAVORITE LUXURY REAL ESTATE SERVICES CITYWIDE AWARD from Chicago Agents’ Choice Awards. Just 11 years in the Chicago real estate market, the local Keller Williams Region now boasts 14 offices and about 600 agents.
While relatively new to Chicago’s Gold Coast, Keller Williams Realty has just surpassed Remax and Prudential as the THIRD LARGEST real estate company in the United States with 72,431 Agents, 683 Offices, $66Billion in Revenue, and $27m in Profit Share. Keller Williams keeps a low profile and sells, services and closes business by utilizing a new model of entrepreneurial agent production. Keller Williams Gold Coast Managing Broker Craig Hogan says, “Successful Real Estate business today is not business as usual. The old dynamics don’t work. We need to target market, meet the clients, surpass in service, and earn our keep. No one works like an owner and at KW we are all owners! We are now the 3rd largest company in U.S. and the only major franchise to show growth this year!”
According to two of the industry’s most comprehensive annual surveys, Keller Williams Realty brokerages continue to defy the pervasive downturn in the industry by growing and expanding. RISMedia’s Power Broker Report and REAL Trends’ REAL Trends 500 rank the largest residential real estate brokerages in the U.S. based on transaction sides and sales volume. This year, Keller Williams Realty had more brokerages on both lists than any other real estate brand.
In the REAL Trends 500 report, Keller Williams Realty dominated, with its offices comprising more than a quarter of the entire list. Of all the major brands represented in the report, Keller Williams was the only company to boast growth in both number of agents added to its ranks and in total transactions closed.
Within RISMedia’s Power Broker Report, Keller Williams Realty again had the largest majority on the list – accounting for 35 percent of all the brokerages listed. The report also ranked Keller Williams Realty #1 in number of agents and total closed transactions.
“These results prove what we already knew – Keller Williams Realty is experiencing the next phase of our growth during this shift,” said Mark Willis, CEO of Keller Williams Realty, Inc. “Our agents and offices are capitalizing on the opportunities presented in today’s market and powering forward.”
“Two years ago, when the market began to shift, we mobilized to make sure our people would have the training, support and technology to tackle the market and they have truly blown us away with their accomplishments,” he added.
“When we do what we do best – coach and train our associates to higher levels of personal productivity and profitability – growth takes care of itself,” said Mary Tennant, president and COO of Keller Williams Realty, Inc. “Keller Williams Realty, the franchise company, didn’t rank on these lists – our people did.”
“We’re confident we’re in businesses with some of the most talented and focused individuals in the industry and we are so proud of all they’ve achieved,” added Willis.
And being Chicago’s Agent Choice Awards Winner this year is quite an achievement for this little engine that could.
About Keller Williams Realty Inc.:
Founded in 1983, Keller Williams Realty Inc. is the third-largest real estate franchise operation in the United States, with 683 offices and 72,431 associates in the United States and Canada. The company, which began franchising in 1990, has an agent-centric culture that emphasizes access to leading-edge education and promotes an economic model that rewards associates as stakeholders and partners. The company also provides specialized agents in luxury homes and commercial real estate properties. For more information, or to search for homes for sale visit Keller Williams Realty.
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