Of the Top 10 agents with the four KW office which were sold, 8 of them are already back with Keller Williams just 3 days later.
FOR IMMEDIATE RELEASE
CONTACT: Amber Presley
Keller Williams Realty Presence Remains Strong in Chicago
AUSTIN, Texas (January 17, 2012)—Keller Williams Realty reported today that it continues to operate at full speed in the Chicago area with 9 offices and 803 agents, despite the recent decision by a franchise owner to sell the assets of four offices last week. Keller Williams offices in Chicago not impacted by the sale have been contacted by many agents looking for a new location to hang their license and it is expected that many agents will stay on board with Keller Williams Realty. In addition, the regional leadership is quickly pursuing candidates and opportunities for new franchises in the area.
Since the owner did not notify agents in advance of the asset purchase, Keller Williams has moved quickly to extend all associates access to the websites, email addresses, and resources they needed to continue to serve their clients.
“Our goal is to serve our associates at the highest level—and most importantly to ensure that their business and relationship with their clients is not impacted at all,” said Mark Willis, CEO at Keller Williams Realty. “Of course, we are thrilled by the passionate response of our associates to stay with our company. Our offices in Chicago remain strong and ready to help associates with anything they need!”
“The support we are getting from our associates and staff are a powerful endorsement of the Keller Williams business model and values,” said John Davis, director of the Keller Williams Mid-American Region. “It is also testament to associates’ belief that Keller Williams is positioned for continued strong growth in the Chicago area and the entire region. We look forward to serving Chicago residents for many years to come!”
Coldwell Banker Residential Brokerage, the purchasing entity of the assets of the four offices, is owned by corporate conglomerate Realogy Corp., which according to a company press release, reported nearly $300 million in losses as of third quarter 2011.
About Keller Williams Realty, Inc.:
Keller Williams Realty Inc. is the second-largest real estate franchise operation in the United States, 672 offices and 75,000 associates in the United States and Canada. The company has grown exponentially since the opening of the first Keller Williams Realty office in 1983, and continues to cultivate its agent-centric culture that emphasizes access to leading-edge education and promotes an economic model that rewards associates as stakeholders. The company also provides specialized agents in luxury homes and commercial real estate properties. For more information, or to search for homes for sale visit Keller Williams Realty online at (www.kw.com).
One Keller Williams Agents Opinion about Chicago Offices
Ron Wexler said:
Well now that a few days have passed its very interesting that 70% of the top Keller Williams agents who were “traded” to cb have returned to Keller Williams and are working to lead the relaunch. Bill Okane is a strong and Maverick business person who liked to do things his way not sure that ever works in a Franchise system! Most of his best agents were a great fit for Keller Williams. Bill was ready to move on and sold his Genesis Group Offices to the highest bidder he could find.
Keller Williams is alive and well the entire region will continue its growth. Smart agents know they are the Brand not the franchise they associate with. We choose our company based on its ability to meet our needs. Everyone thinks their company is the best or they shouldn’t be there. I spent 20 fantastic years at Re/Max surrounded by great agents and supported by awesome leadership. When I was open to change I interviewed leaders at ERA,Century 21, Coldwell and Baird Warner…they all were viable companies and made me great offers. I chose KW because I believed there was a better opportunity for me and the future growth and leadership I wanted to be a part of.
I can’t imagine how it would feel to have someone force me and my sellers to make a move. I sure didn’t get into Real Estate as an Independent Contractor whose income is 100% connected to my personal daily efforts, to suddenly be traded without my consent. In the end its our individual activities and efforts that get us to our goals! Stay focused on the outcome you desire, only you can make it a reality! I say welcome back to the agents who stayed with Keller Williams and best of luck to those who left to join other companies.