A Real Estate Option Contract is a type of agreement that gives the buyer (the optionee) the exclusive right, but not the obligation, to purchase a property from the seller (the optionor) at a predetermined price within a specified timeframe. This type of contract is often used by investors and developers who want to secure the opportunity to buy a...
Two longtime Californians searched for a comfortable one-bedroom, with an eye on Central Park and Lincoln Center.
A recent report found that the youngest — and oldest — American adults are sustaining the demand for rental homes.
This week’s properties are a four-bedroom in Centerport, N.Y., and a three-bedroom in Greenwich, Conn.
This week’s properties are on the Upper West Side, the Lower East Side and in Astoria.
Tal and Oren Alexander, who had lifestyles as flashy as their real estate deals, are now accused of a string of sexual assaults.
Here's a comprehensive house showing checklist to help you prepare and impress potential buyers: Exterior Curb AppealMow the lawnTrim bushes and treesWeed and mulch flower bedsClean walkways and drivewaysRemove any clutterExterior CleaningWash windowsPower wash siding and decksClean guttersRepairs and MaintenanceFix any broken or missing shinglesRe...
A 1935 brick house in Atlanta, a Spanish-style home in West Hollywood and a two-bedroom condominium in a converted circa-1700 building in Charleston.
The Met Cloisters isn’t just about medieval art. There’s also a garden that’s like a living history book — with ideas for today’s gardeners.
As the 2024 election season heats up, some Americans are considering leaving the country. We want to hear about their plans and perspective.
An open floor plan is a design concept that minimizes the use of enclosed rooms and interior walls, creating large, open spaces that combine multiple functions. Here's a detailed look at open floor plans: Key Features: Combined Spaces: Typically merges living room, dining room, and kitchen into one continuous space.Minimal Barriers: Uses minimal in...
The two designers never planned to leave Brooklyn. But upstate New York beckoned.
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For over three decades, Keller Williams® market centers have been sharing a portion of their profits with their associates. In a milestone achievement in June 2024, KW announced the profit share program had surpassed $2 billion in total distributions since the program’s inception, doubling the distributions from $1 billion to $2 billion in just seven years. It’s a significant moment in the company’s history, underscoring Keller Williams’ commitment to treating its agents as valued stakeholders and partners, even as markets shift and consumer dynamics change.
A Model Unlike Any Other in the Real Estate Industry
The profit share program at Keller Williams is a unique initiative designed to align the interests of the company’s owners with those of its agents. Established in 1986 by Gary Keller and KW’s first Associate Leadership Council (ALC), the program officially launched in 1987, with the goal of creating a business environment where every associate has the opportunity to build wealth alongside the company’s growth.
At its core, profit share involves individual market center owners sharing their office’s monthly profits with the associates who contribute to the market center’s success. This model not only incentivizes agents to help grow their local market centers, it also rewards them with passive income. The system was designed to ensure that agents could earn residual income without diverting their focus from their core business activities, such as listing and selling real estate.
Keller Williams Profit Share at Work
When an agent joins a Keller Williams® market center, they designate a sponsor – the person who had the greatest impact on their decision to join KW. That sponsor becomes part of the new agent’s profit share tree, receiving a portion of the profits realized by the market center by virtue of the new agent’s activities.
“We created a program that would treat Keller Williams® real estate sales associates as legitimate partners in the business.”
A 1927 Spanish-style house with a guest cottage in Los Angeles, an Arts and Crafts bungalow in Sonoma and a four-bedroom home with a guesthouse in Torrance.
A first-time buyer put her savings to work in the expensive Bay Area housing market, using the local tenancy-in-common model to find something she could afford. Here’s where she landed.
A duplex near the Rialto Bridge, a one-bedroom in the Castello district, and a compact house on the island of Giudecca.
It doesn’t hurt to visit a lot of potential rentals, but be choosy about where you submit an application.
People plant grapevines in their backyards to get a rural aesthetic or for the love of wine itself, or even just for the science of it all.
Dallas, Texas, is a vibrant city with diverse neighborhoods, each offering unique characteristics and attractions. Here's a guide to some of the most notable neighborhoods in Dallas: 1. Downtown DallasOverview: The commercial heart of the city with skyscrapers, corporate offices, and cultural landmarks.Highlights: The Dallas Arts District, Klyde Wa...
This week’s properties are on the Upper East Side, in Sutton Place and Bedford Stuyvesant.