Keller Williams History
Keller Williams is founded
Keller Williams was founded in 1983 by Gary Keller and Joe Williams. It started out as a single office based in Austin, Texas, selling local residential real estate in the Austin area. After two years in business, Keller Williams became the largest single office residential real estate firm in Austin with 72 licensed agents. In the mid-1980s, the company suffered from the United States housing bubble and began to offer profit sharing to existing and potential associates in order to retain agents and help get through the recession. Within a year, the company grew to 130 agents and began to climb back as the top real estate broker in Austin.
Luxury Homes by Keller Williams is launched
Keller Williams continued expanding and in 2007, the company launched Luxury Homes by Keller Williams, a division within the company that brokers luxury only real estate.
KW Commercial is launched
In 2008, it launched KW Commercial, a division providing commercial real estate associates with specialized technology, marketing tools, and resources. The division is known for allowing agents to keep more commission splits. It also allowed profit sharing similar to residential agents. As of 2012, the division boasted of more than 1,000 brokers nationally.
keller williams becomes the second largest brokerage
By the end of the decade in 2010, Keller Williams had 77,672 real estate agents in the United States. It surpassed Century 21 as the second largest real estate agency in the U.S., two years after taking over the third spot from RE/MAX International.
Keller Williams goes Worldwide
Keller Williams went international in 2012, launching Keller Williams Worldwide as a subdivision to manage its international franchising. It awarded its first overseas franchise in Vietnam in 2012. The same year, franchising of the company was made available in Indonesia and Southern Africa, and in 2013 expanded to Germany, Austria, Switzerland, Turkey, and the United Kingdom.
keller williams reaches 100,000 agents
At the end of April 2014, Keller Williams reached 100,575 agents worldwide. This was due to an 18 percent increase in agents during 2013. As of 2014, it is the largest real estate franchise by agent count in North America and the only privately held global residential real estate brokerage.
keller williams hits 67.1 billion in sales volume
Keller Williams topped $67.1 billion in sales volume in 2016, up 22 percent from the previous year.
keller williams launches an Artificial intelligence RE assistant
The company began to position itself as a technology company in 2017. In 2017 it launched KW Labs, a division of the company process devoted to the building and testing of technology created by the company alongside its agents. This was in addition to KW Keller Cloud. It also introduced "Kelle," an artificial intelligence app which has been referred to as Siri but for real estate used as a virtual assistant, and an agent-to-agent referral tools platform called "Referrals."