Firstly, there are parts of SA that seem more popular for estate agent team solutions, like PE and Cape Town. It is a brilliant way to scale your business and if you follow some pretty strong, tried-and-tested models, your business profits should range from 40%. FACT.
Firstly, let’s start with what a KW CAP is
A CAP is simply a hurdle to ensure you get to earn 92/8. Essentially, we all start on a 70/30. Every time you make a sale, KW Select adds, rather transparently I might add on your dashboard what the value is of the 30% portion of your split. If you are selling 2 or more properties a month you would take each 30% earned by KW Select and add it together. Once KW Select gets to an earning of their share of R140,000 you CAP?
What does it mean to CAP at KW?
CAPPING is pretty brilliant. And it means that for the remainder of your year, you will be on a 92/8 comm split.
How is the other 8% made up?
Well, there are Royalties of 6% and what’s super about building or bringing a team is that the remaining 2% goes to growth share. Growth share when you bring a team of 2 or more means you can add these team members to your growth share tree. Meaning that you earn a portion of their production. So, if you run a team with a few team members you benefit from growth share. And growth share goes up 7 levels. If planned effectively you can build a team anywhere in the country made up in different ways. Buyers agents, listing agents, admin and more.
How much is the CAP for a team of 2?
Well, essentially the first portion is R140,000. The second team member is R70,000. So, for a team of 2 the CAP is R210,000. For every person you add to the team, the fee is R70,000. If you are working as a team of 2 and you are working together, the CAP is R210,000.
Monthly Business Operating Costs
The sheer size of Keller Williams internationally is quite overwhelming. Click here to visit the mothership. Scale on an international level allows a company like Keller Williams to build an organization with a culture which acts as the glue that holds us together. But more importantly, the technology that you can leverage at Keller Williams allows you to do more than you ever thought possible to ensure you are always in the right place at the right time with the right message, no matter what the market is doing. A monthly business operating cost is in place at R1,450 and covers all the Lightstone reports you could or would need. Virtual Agent is provided if you have plans to keep growing your footprint. A fully customizable CRM solution that is fully integrated and usable with ease on your phone is included. All the portals that mean anything are connected automatically and this includes Property24. We don’t call them fees. We refer to these costs, which are payable monthly as business operating costs. You cannot run a business without costs and we have ensured that at KW Select your fees remain low but your ability to leverage remains as high as possible.
Need more info?
If you would like more information about starting a team or bringing a team into the KW Select structure, let’s chat. Call Sandy on 083 550 1220 and let’s arrange a time to chat or visit our website for more info. I would be honoured and if you have the time, I would be more than happy if you are in the Randburg area to arrange to show you how to drive the CRM technology that is simply just the bomb. #Joinkw
