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Home > Franchises > Keller Williams Realty
Keller Williams Realty
A franchise agreement takes place when the concerned parties involved are bound together through certain contractual provisions. This is an arrangement whereby someone with an idea for a business, the franchisor, sells to another person the franchisee the rights to use the business's name, sell a product, or provide a service to someone else. A franchise agreement will usually specify the given territory the franchisee retains exclusive control over the area protection, as well as the extent to which the franchisee will be supported by the franchisor.
Keller Williams Realty was established Gary Keller and Joe Williams in 1983. As two young real estate agents working for what was then the largest real estate company in Austin, Texas, Gary and Joe believed that a company should work for its employees rather than the other way around. So the two men joined forces that finally resulted into the emergence of Keller Williams Realty. Four years later in 1987, the partners began franchising. With offices throughout the country, Keller Williams supports agents to recruit others into the company through profit sharing.
Keller Williams Realty total investments include 123000 to 459000 dollars, with a franchise fee of 25000 dollars, ongoing royalty fee of 6 percent and 5 years term of agreement which is renewable with a renewal fee of 2500 dollars. The company compiled the highest ranking at the 66th position in 2006 according to Entrepreneur magazine.
Keller Williams Realty’s standards for performance are for the benefit of their clients and they are the highest standards in the industry. Their policy manual guarantees are up to the professional standards and their sales associates and staff maintains a day-to-day contact with preferred lending institutions in business area. Their commitment is to always strive to provide professional real estate services to the very best of ability.
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