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Keller Williams Realty (commonly referred to as Keller Williams) is an American technology and international real estate franchise with headquarters in Austin, Texas. It is the largest real estate franchise in the United States by sales volume as of 2022.
Jeremy Keel, another plaintiff, testified that he paid a 6% commission, with 3% going to the Keller Williams agent he hired and 3% going to the buyer's agent from ReeceNichols. He said that the commission rates were already filled in on the contracts he signed, and that he didn't know that commissions could be negotiated.
Despite the sharp downturn in the real estate market, since 2005, Keller Williams Realty has seen substantial growth in number of agents, market centers, closed units and closed gross commission income. [8] In 2009, Keller Williams market centers generated combined profit of $80.1 million, in a year when almost every major franchise lost money. [9]
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One of the nation's largest real estate brokerages has agreed to pay $70 million as part of a proposed settlement to resolve more than a dozen lawsuits across the country over agent commissions.
Gary Keller is an American entrepreneur and best-selling author. He is the founder and Executive Chairman of Keller Williams, which is the largest real estate company in the world by agent count and second in closed sales volume, and units sold. [1] Keller founded Keller Williams on training and education and later brought his teachings to print.
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Mark Willis is an American business executive and stock holder at Keller Williams Realty, an international real estate franchise with headquarters in Austin, Texas. [1] [2] [3] Willis was President of Keller Williams Realty prior to 2005 when he took over the position as chief executive officer (CEO). [4]