Keller Williams is No. 1 in units and sales volume in the U.S., the company announced yesterday. The franchise in the final quarter of 2017 broke previous agent production, owner profit and profit share records set in Q4 2016. Indicators point to a strong Q1 2018.

“We’re proud to be in business with associates who are focused on growing big businesses so they can fund their lives and create opportunities for their families,” Keller Williams CEO John Davis said in a statement.

Q4 2017 Results (U.S. only)

  • Agents closed 250,815 transactions in Q4, up 9 percent over Q4 2016.
  • Agents closed $73.2 billion in sales volume, up 13 percent over previous Q4.
  • Franchise owner profit in the fourth quarter was up 7 percent over Q4 2016 to $39.9 million.
  • Profit share increased 10 percent over Q4 2016 to $34.9 million.

Year-End Results (U.S. only)

  • The franchise employed 156,532 U.S. agents, up 13 percent over 2016.
  • Closed transactions totaled just shy of 1.042 million units, up 10 percent over 2016.
  • Sales volume was $303.4 billion, up 15 percent over 2016.
  • Owner profit was $196.7 million, up 11 percent over 2016.
  • Profit share was $171.1 million, up 13 percent over 2016.

Q1 2018 Outlook (U.S. only)

  • Agents took 140,013 new listings (new market inventory).
  • Listings taken volume totaled $42.7 billion.
  • Agents wrote 257,750 contracts (projected to close in 60 days).
  • Contracts written volume is $75 billion.

“We’re committed to continuing to raise the bar and providing even more value for agents and their clients,” Davis said in a statement.

Keller Williams Posts Record Q4 Earnings

by Jim Morrison time to read: 1 min
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