AUSTIN, Texas--(BUSINESS WIRE)--Keller Williams Worldwide (KWW), the international division of kwx, the holding company of Keller Williams (KW), the world's largest real estate technology franchise by agent count, is expanding across Europe and Asia.
As momentum continues, KWW reports strong year-over-year growth and has awarded new master licenses in Albania and Mongolia. As of March 31, KWW has 265 market centers, operating outside the U.S. and Canada, with 12,912 agents, up 6.9% since December 31, 2020.
“Despite COVID conditions, it’s our unique privilege to again report robust growth across the globe,” said William E. Soteroff, president of KWW. “The credit for our continued year-over-year momentum belongs to our people, the driving force and the foundation of our culture and our strong agent-centric systems and models, supported by powerful technology.”
KWW Momentum (production outside the U.S. and Canada)
- As of March 31, agent count outside the U.S. and Canada was 12,912, up 23.1% from Q1 ’20.
- Agents closed 13,088 transactions in Q1 ’21, up 58.7% over Q1 ’20.
- Agents closed $2.5 billion in sales volume, up 100.0% from Q1 ’20.
- Agents took 27,407 new listings (new market inventory), up 21.8% over Q1 ’20.
- Agents wrote 16,209 contracts (projected closings), up 51.0% over Q1 ’20.
- Contracts written volume was $2.4 billion, up 100.9% over Q1 ’20.
- Keller Williams owners distributed $1,051,499 in growth share, up 85.9% over Q1 ‘20.
“We’re honored to introduce two impressive world-class leaders that will spearhead our latest expansion efforts into Albania and Mongolia,” said Soteroff. “While we remain focused on the future, the addition of these two new regions to our worldwide family builds on our proud past.”
Led by Regional Operating Principal Genti Skenderaj, the Keller Williams franchise in Albania is currently initializing operations. In Q3 ‘21, KW Albania is expected to open its first market center.
“Although we are a small country, our dreams are very big and ambitious,” said Skenderaj. “We aim to become the largest real estate company in Albania inside five years, using Keller Williams’ models and systems, technology and training.”
“We see the Keller Williams culture also as key to attracting and retaining the best agents in our country,” said Skenderaj.
Led by Regional Operating Principal Odsuren Lkhagvasuren, the Keller Williams franchise in Mongolia is currently initializing operations. In Q3 ‘21, KW Mongolia is expected to open its first market center.
“In Mongolia, real estate is a young profession and most of the existing agents are young,” said Lkhagvasuren. “There’s a strong demand for a healthy environment where agents can learn and grow in their professional and personal lives.”
“Along with a uniquely strong culture, Keller Williams has the world-class training we’ll rely on to grow our people and the real estate profession as a whole in Mongolia,” said Lkhagvasuren.
KWW is currently exploring further expansion opportunities across Africa, Central and South America, Central and Eastern Europe, and throughout Asia.
Core criteria for new licensees starts with having a qualified leadership team grounded in the Keller Williams culture; the company also strives for government, banking and judicial system stability and a higher maturity level for a real estate market.
Outside of the U.S. and Canada, KWW’s regions include: Albania; Argentina; Aruba; Belgium; Belize; Bermuda; Cambodia; Chile; Colombia; Costa Rica; Czech Republic; Dominican Republic; Dubai, UAE; France; Greater Shanghai, China; Greece; Honduras; Indonesia; Ireland; Israel; Italy; Jamaica; Japan; Luxembourg; Malaysia; Mexico; Monaco; Mongolia; Morocco; Nicaragua; Northern Cyprus; Panama; Paraguay; Peru; Philippines; Poland; Portugal; Puerto Rico; Romania; Serbia; Slovenia; Southern Africa; Southern Cyprus; Spain; Thailand; Trinidad and Tobago; Turkey; Turks and Caicos; United Kingdom; Uruguay; and Vietnam.
About Keller Williams Worldwide
Keller Williams Worldwide (KWW) is the international division of kwx, the holding company of Keller Williams, the world’s largest real estate technology franchise by agent count. With more than 1,070 offices and 190,000 associates worldwide, Keller Williams is also No. 1 in units and sales volume in the United States.
In 2020, Keller Williams initially began the formation of kwx, composed of Keller Williams, KWW, Keller Offers and Keller Home Financial Services, consisting of Keller Mortgage and Keller Covered. Since 1983, the company has cultivated an agent-centric, technology-driven and education-based culture that rewards agents as stakeholders. For more information, visit kwworldwide.com.