One of the advantages of working at KW lies in its remuneration policy, the best in the market , with the Growth Share being yet another way of rewarding the effort and work of real estate consultants.
The Growth Share is an extra income that Keller Williams consultants can receive, as a reward for helping to grow the network of KW consultants and respective Market Centers , in Portugal or anywhere in the world, providing:
CAREERS worth having, BUSINESSES worth owning, LIVES worth living, EXPERIENCES worth providing and LEGACIES worth perpetuating!
" Legacies worth perpetuating! "... this is the mission of Growth Share! For Keller Williams, its consultants and employees are a fundamental part of the business and as such they are treated as if they were shareholders who deserve to be rewarded for the growth of the KW brand and to have a permanent and transferable participation in the global profits of the largest real estate franchising brand in the world. world.
For Keller Williams, its consultants and employees are a fundamental part of the business and as such they are treated as if they were shareholders who deserve to be rewarded for the growth of the KW brand and to have a share in the global profits of the largest real estate franchising brand in the world . And this position is not the result of chance, but of the unique perspective with which it treats its associates!
A real estate consultant - or any Keller Williams associate - who collaborates with a KW Market Center in the recruitment of another consultant, who identifies the 1st as being the reason for his/her entry into the company, will be designated as Sponsor of the 2nd consultant.
This means that, whenever the 2nd consultant carries out a real estate transaction, part of the commission received will go to its Sponsor . But the possibility of obtaining extra earnings is not limited to this direct relationship: all the consultants that are recruited in a chain and in a descending way, will also contribute to the Growth Share of the initial Sponsor .
That is, if consultant A is a Sponsor of consultant B and he in turn helps to recruit and is designated as a Sponsor of consultant C... and so on up to consultant G (7 levels maximum), all these consultants will form a Growth Share tree , thus contributing to generate income for Sponsor A.
For example: if consultant Carlos is recommended by consultant Ana, this will be Carlos ' 1st Level Sponsor . If, in turn, Carlos recruits Maria, Ana will be a 2nd level Sponsor in relation to Maria, and so on up to a maximum of 7 levels. In other words, the Sponsor consultant may receive remuneration related to transactions of a consultant he does not even know , up to a descending of 7 levels.The value that the Sponsor receives for each transaction from their Growth Share network depends on their respective level.
At KW Portugal , with some exceptions, the commission charged for each real estate transaction varies between 5% (Central and Southern Portugal) and 6% (Northern Portugal) calculated on the sale value of each property . For example, if a property is traded in Lisbon for €100,000, exclusively by a single consultant (no shares), Keller Williams will charge a commission of €5,000 (+VAT) for the deal (even if the property has a price of less than €100,000 € this is the minimum amount charged by KW). Regarding this commission, 2% of this amount (i.e. €100) will be distributed through Growth Share.
This amount will be distributed among the various Sponsors related to the consultant who carried out the transaction. That is, in this specific case, the €100 will be distributed according to the following table:
Thanks to this method, you will receive, without extra work, a share of the earnings of all the consultants that you have helped to recruit and of all the others that are part of your Growth Share tree. These gains become permanent if the Sponsor maintains the connection to KW for a continuous period of at least 3 years. That is, even if the Sponsor consultant stops working for KW, he will continue to receive, on a lifetime basis , part of the commissions earned by the consultants that are part of his Growth Share Plan!
In the event that the Sponsor dies and you have acquired permanent access to the Growth Share Plan, KW will continue to deliver the income resulting from this Plan to the Designated Beneficiary (a family member of yours, or another designated by the Sponsor ). In this way, Keller Williams makes a contribution towards creating an income that can be passed on to your family or friends after your death.
This is the biggest compensation innovation in the real estate market, allowing Keller Williams consultants to share in the profits they helped KW achieve, without taking any financial risk .
KW Portugal, in the first 3 years, has already distributed more than one million euros of Growth Share to its associates, since the beginning of KW's operation in Portugal (about 4 years ago).
The Growth Share applies to all Keller Williams associates, in the current 39 countries and regions outside the United States and Canada (and in these countries the method of rewarding KW's growth is another: the Profit Share ). So in the first 6 months of 2019 alone, KW Worldwide distributed almost 1 Million Euros to its associates outside the US and Canada. In all, 5 Million Euros have already been distributed through Growth Share!
This number still does not compare to the income distributed in the 2 founding countries through the Profit Share (1094 Million Euros since the beginning of the program), since the expansion of Keller Williams outside the USA and Canada started only about 7 years ago. years, and there are 5 in Portugal!
The terms "pyramid scheme" , "multi-level marketing" , and "Ponzi scheme" are grossly incorrect as applied to Keller Williams and it is a recurring confusion that results in large part from the Growth Share incentive described here.
Keller Williams is a company whose services provided to customers, buying and selling real estate, have nothing to do with Growth Share . This is just a way to add extra income and reward the dedication of its associates to the brand and a way to distribute a part of the company's global income to its employees and family members, or named friends. As if it were a distribution of profits among its shareholders...
If you already work in the real estate business, or if you have an entrepreneurial spirit and like to accept new challenges, KW is the company you've always been waiting for ! No one else will be able to offer you the support, the good atmosphere among colleagues, ethics and mutual respect, support and training, and the best remuneration policy in the real estate market.
My career at KW Portugal and that of more than 180,000 colleagues around the world are proof of that! If you fit into this spirit and are not afraid to face a challenge that could change your life, learn more on my page: working-at-kw-keller-williams and contact me!