Keller Williams Realty Franchise FDD, Costs & Fees (2024)
KEY FRANCHISE STATS
All you need to know about this franchise in a snapshot
Initial franchise fee
$35,000
Investment required
$30,000 - $336,000
Keller Williams: Revolutionizing Real Estate with Agent-Centric Innovation
Keller Williams Realty, founded in 1983 by Gary Keller in Austin, Texas, has grown into the world's largest real estate franchise by agent count. With its headquarters still in Austin, Keller Williams began franchising in 1991, rapidly expanding across the United States and internationally.
The franchise specializes in residential real estate services, providing agents with extensive training, cutting-edge technology, and a supportive, team-oriented culture.
What sets Keller Williams apart from its competitors is its unique agent-centric model, which emphasizes profit-sharing, continuous education, and a collaborative environment.
The company offers a wide range of tools and resources designed to enhance productivity and success, including the renowned Keller Williams University and the KWConnect online learning portal.
Initial investment
Here's what you would need to invest if you were to start this franchise. These costs are provided by the franchisor in the Franchise Disclosure Document.
Keller Williams Realty offers 2 types of franchises:
| Type of Expenditure | Amount |
| Keller Williams Realty Market Center | $182,430 to $335,697 |
| Business Center | $29,600 to $88,650 |
We are summarizing below the main costs associated with opening a Keller Williams Realty Market Center franchise.
For more information on the various types of franchises and its costs, refer to the Franchise Disclosure Document (Item 7).
Keller Williams Realty Market Center
| Type of Expenditure | Amount |
| Initial Franchise Fee | $35,000 |
| Other Initial Fees | $430 to $1,447 |
| Broker License | $1,500 to $5,000 |
| Professional Association or Organization Fees | $500 to $2,000 |
| Local MLS Memberships | $100 to $250 |
| Insurance | $5,000 to $15,000 |
| Initial Lease and Utility Deposits | $3,500 to $10,000 |
| Leasehold Improvements | $5,000 to $50,000 |
| Office Furniture, Equipment, Phone and Computer Systems | $40,000 to $110,000 |
| Exterior Signs | $5,000 to $10,000 |
| Office Supplies | $3,900 to $7,000 |
| Professional Fees | $5,000 to $10,000 |
| Advertising | $2,500 to $5,000 |
| Additional Funds - 3 months | $75,000 |
| TOTALS | $182,430 to $335,697 |
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Franchise Disclosure Document
Training
Keller Williams Realty provides a comprehensive training program designed to empower its agents and franchisees with the knowledge and skills needed to succeed in the competitive real estate market.
- Keller Williams University (KWU): Keller Williams offers a comprehensive training curriculum through KWU, designed for agents at all experience levels. The courses cover various aspects of real estate, including lead generation, client management, and market analysis, ensuring that agents have the skills needed to succeed in the industry.
- KWConnect: This is Keller Williams’ online learning platform, providing agents with on-demand access to training materials, webinars, and resources. KWConnect allows agents to learn at their own pace and stay updated with the latest industry trends and best practices, fostering a culture of continuous learning.
- Productivity Systems: Keller Williams integrates productivity-enhancing tools and systems into its training programs. These tools are designed to help agents streamline their business processes, manage their time effectively, and maximize their productivity, contributing to their overall success.
- Coaching and Mentorship: In addition to formal training, Keller Williams offers coaching and mentorship programs where experienced agents provide guidance and support to newer agents. This personalized approach helps agents apply what they've learned in real-world scenarios and grow their careers effectively.
Territory Protection
Keller Williams Realty does not offer traditional territory protection to its franchisees. Instead of assigning exclusive territories, Keller Williams promotes a culture of cooperation among agents and offices, which is central to their interdependent business model.
This approach encourages agents to collaborate across regions, leveraging the broader Keller Williams network to maximize opportunities and success.
This model allows for multiple franchises or market centers to operate within the same geographic area, providing flexibility and fostering healthy competition.
