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To continue your participation in profit share, please pay this invoice upon receipt. You may either pay by check or credit card.  If paying by credit card, please click the "Pay Now" to the left or you can call 440-572-1200 and leave the information with Holly at the Front Desk.  If you prefer to pay by check, please make check payable to Keller Williams Elevate for $25 and mail to:

 

KW Elevate

Attn: Holly

18318 Pearl Rd

Strongsville, OH 44136

 

Payment or declination letter must be received no later than 5pm on Jan 26th , 2024.

 If you have any questions, please us at 440-572-1200.

*In August of 2023 the Keller Williams IALC (International Associate Leadership Council) voted to alter distribution related to profit share for associates who are Vested Retired that also choose to continue to work in the Real Estate space and meet the definition of ‘Competing Associate’ according to section 4.9.4.28.3 of the Policy & Guidelines manual (you can read the entire proposal here).

If you are determined to be a ‘Competing Associate’ by their Market Center:  

1.  Your Profit Share earnings will be reduced from 100% (as it is today) to 5%.  

2.  You will receive a 30-day notice before the reduction from 100% to 5% occurs. You will have 6 months from the day the reduction occurs to return to Keller Williams and be reinstated to your status before the reduction to 5% (both 100% Profit Share earnings and at the same place in your Profit Share tree, with the downline restored). This will go into effect on or before July 1, 2024 and you will receive another notification 30 days in advance of this implementation. 

3.  After 6 months have passed from when your Competing Associates’ reduction occurs, you can still return to Keller Williams, but would need to choose a new sponsor for a new PS tree. 

Timing - Details are still being refined around timing and reporting for this, though all changes are expected to be implemented no later than end of second quarter 2024. Keller Williams will send further communication once a timeline has been approved.


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