IALC Votes to Refine Profit Share

KW Leaders,

On Aug. 16, the International Associate Leadership Council (IALC) — the voice of our franchisees and agents — delivered a significant update to our Profit Share distribution policy. The IALC voted to refine the Profit Share Program, aligning it more closely with our core principles and fostering continuous growth within our Keller Williams (KW) family.

What changed?

Under the new policy, the Profit Share distribution for vested KW agents who actively compete with our brokerages will transition from 100 percent to 5 percent. As a result, Profit Share will increase for agents that continue to partner in our growth.

This decision emerged from thoughtful deliberations, echoing the collective sentiment of our agents, franchise owners and team members who contribute to our shared prosperity.

The effective date for implementing the new policy is on or before July 1, 2024.

What about returning agents?

Approved by our IALC, the policy introduces a provision for agents to restore their Profit Share to 100 percent by returning to KW within six months of the effective reduction date.

This change to Profit Share highlights our commitment to supporting those who continue to grow and journey with us.

We were built By Agents, For Agents. And remaining on that path requires we ensure Profit Share continues to be vital to our strong and growing culture. Thank you for your partnership in fueling our growth and success.

Sincerely,