Keller Williams UK – one of the growing number of agencies to operate with self-employed agents working from a central hub – is to establish a lettings division called KW Move.
This is described as a proprietary lettings and management platform developed specifically for Keller Williams agents in the UK, allowing them to ‘list and let’, leaving their admin and property management largely to technology.
KW Move is to have as it’s operations director Paul Sloane, the industry veteran who has just spent 10 years at Spicerhaart and previously over 20 years at Countrywide.
He says: “I’m attracted to the Keller Williams model as I feel it gives great agents the best opportunity and support to build their own businesses and as the industry changes and points toward this model being the way that agents will do business in the future, I feel KW is really well positioned.
“I also know that Lettings adds huge value to an estate agent’s business and given the support to build at scale, it forms an essential counter-cyclical element, providing a regular income to complement their sales commissions.
“KW Move is that service and supports our agents in leveraging their time to develop this important area of their business and I am excited to be part of it.
“I’ve worked with some fantastic people over the last 10 years, and I wouldn’t change that experience – but now it is time for me to move on to a truly progressive organisation where I can really help my colleagues grow and prosper”.
There are 11 KW UK market centres – the centralised hub system it operates, encouraging self-employed agents to use the centres as offices if they don’t wish to work from home.
In the UK, those self-employed agents retain 63 per cent of their commission at first with the rest funding the overheads and support services.
Once their overall income passes a specific threshold, agents retain 90 per cent of their commission fees with the remainder going to Keller Williams.
This post has originally been featured in Letting Agent Today.