Frequently Asked Questions
Q: How quickly do I get my commission check?
A: Normally within 1 business day.
Q: Do I have to get my own Errors & Omissions Insurance?
A: No, our E&O is $85 a year.
Q: Is there a Royalty Fee or Franchise Fee with Keller Williams?
A: Yes, Keller Williams Realty funds it's University with a Franchise or Royalty fee of 6% per transaction. Although, like the company share for commissions, there is a cap of $3000.00. This maximum is the “cap.” Once it is reached, all commissions earned by the KW associate during the remainder of their fiscal year with KW will be paid without any Royalty or Franchise Fee.
Q: Are there mandatory transaction fees?
A: No, at Keller Williams Realty your business is your business and charging transactions fees are up to individual associates.
Q: Do you charge fees for company referrals?
A: No, there are no penalties for accepting company referrals. Why would a company give a referral only to charge for it????
Q: Am I required to recommend your vendors?
A: No, we have built relationships with excellent individuals and companies but you are under no obligation to use them.
Q: How long does it take to transfer my license?
A: Once you fill out the paperwork it will be only a matter of a few days.
Q: Can I switch brokers without losing business?
A: Absolutely, we do all of the transfer work for you and our systems allow you to seamlessly continue to service your customers without having to reinvent your business. Your listings are your listings and your business is your business.
Q: What do I pay and are there any hidden fees?
A: No hidden fees. Actually Keller Williams is an open book company therefore we can not hide fees. Below is a complete list of fees associated with Keller Williams Realty, Hilton Head Island. Dollar per dollar we have the best value proposition for agents in Real Estate.
KELLER WILLIAMS REALTY HILTON HEAD
EXPENSES FOR LICENSED ASSOCIATES
|
What Fees Can I expect to pay? |
||||
|
Monthly |
Annual |
|||
|
Frequency |
Amount |
Amount |
||
| You Will Pay These with Any Broker: | ||||
| Hilton Head Association of Realtors | Annual | $475.00 | ||
| One-Time (new agents only) | $250.00 | |||
| Hilton Head Association of Realtors | ||||
| Monthly | $70.00 | $840.00 | ||
| Hilton Head Multiple Listing Service | ||||
| One-Time (new agents only) | $300.00 | |||
| Hilton Head Multiple Listing Service | ||||
| KW Mandatory Fees: | ||||
| KW Monthly Technology Fee | Monthly | $10.00 | $120.00 | |
| KW Errors & Ommissions Insurance | Annual | $85.00 | ||
| KW Accounting Fee | Annual | $25.00 | ||
| KW CAMP 4-4-3 required for agents new to the industry or with less than one year experience. | One Time |
$85.00 |
(book cost) | |
| KW Optional Fees: | ||||
| Office Cubicle Fee | Monthly | $55.00 | $660.00 |
You may work at home and not incur the cost |
| Office Desk Fee | Monthly | $115.00 | $1,380.00 |
You may work at home and not incur the cost |
|
Use of Office Computers and Conference Room and General Space |
FREE |
FREE |
||
| Other Expenses: | ||||
| Business Cards | Annual | $75.00 | ||
| Your Picture | One Time |
$50.00 |
||
| Lap Top Scan and Clean | One Time |
$200.00 |
Max, Only if you have a laptop |
|
Q: What do I do next?
A: 1) Fill out the appropriate papers with our Team Leader
2) Attend a brief orientation to better utilize the tools available
3) Meet with Team Leader to create your personal growth plan
4) Enjoy and wonder why you didn’t do this sooner
