Keller Williams Expands Across Caribbean

·3 min read

Agent count outside the U.S. and Canada increased to 15,700, up 21.6% from Q1 ’21

AUSTIN, Texas, May 24, 2022--(BUSINESS WIRE)--Keller Williams (KW), the world's largest real estate technology franchise by agent count, reports continued robust international growth. As momentum continues, KW is expanding across the Caribbean and has awarded a new master franchise in Bonaire.

"The credit for our quarter after quarter of aggressive international growth belongs to our thriving entrepreneurial agents, fueled by our powerful technology, training and business models," said William E. Soteroff, president of Keller Williams Worldwide (KWW), the international division of Keller Williams. "Our pipeline remains strong for new worldwide regions."

KWW Momentum (production outside U.S. and Canada in Q1 ’22)

  • As of March 31, agent count outside the U.S. and Canada was 15,700, up 21.6% from Q1 ’21.

  • Agents closed 16.5 thousand transactions in Q1 ’22, up 25.9% over Q1 ’21.

  • Agents closed $3.2 billion in sales volume, up 27.1% from Q1 ’21.

  • Agents took 26.3 thousand new listings (new market inventory), down 4.1% over Q1 ’21.

  • Agents wrote 19.2 thousand contracts (projected closings), up 18.3% over Q1 ’21.

  • Contracts written volume was $2.9 billion, up 25.5% over Q1 ’21.

"Across the Caribbean, we currently have 11 market centers and 578 agents collectively," said Soteroff. "And, we are thrilled to announce our eighth region – KW Bonaire, under the leadership and core team of Edwin Hekman, who also helms the operations of our KW Aruba master franchise."

Led by Regional Operating Principal Edwin Hekman, KW Bonaire is currently initializing operations. In Q3 ’22, KW Bonaire is expected to open its first business center.

Drawing from a more than 23-year career spanning leadership roles with the military and police, Hekman has since served a vast network of home buyers and sellers across Aruba and the Caribbean, becoming a respected real estate leader in the region. This experience has primed him to enter the growing real estate market in Bonaire.

"With Keller Williams’ models and systems in place, opening an office in Bonaire was the next natural step for us," said Hekman. "We know what it takes to grow with Keller Williams and believe we can replicate our success in Aruba and bring it to our new office in Bonaire."

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; Bonaire; Cambodia; Chile; Colombia; Costa Rica; Cyprus; Czech Republic; Dominican Republic; Dubai, UAE; France; Greece; Guyana; 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; São Paulo, Brazil; Saudi Arabia; Serbia; Sint Maarten; Slovenia; Southern Africa; Spain; Suriname; Thailand; Turkey; Turks and Caicos; United Kingdom; Uruguay; and Vietnam.

About Keller Williams

Austin, Texas-based Keller Williams (KW), the world’s largest real estate technology franchise by agent count, has more than 1,100 offices and 200,000 associates. The franchise is also No. 1 in units and sales volume in the United States.

KW is in the process of forming kwx, an integrated home experience company. kwx will be composed of Keller Williams Realty Inc., Keller Williams Worldwide and Keller Home Financial Services, consisting of Keller Mortgage, Keller Offers, Keller Covered, Keller Title and The Partnership Platform.

Since 1983, the company has cultivated an agent-centric, technology-driven and education-based culture that rewards agents as stakeholders. For more information, visit kwx.kw.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220524006010/en/

Contacts

Media Contact:
Darryl G. Frost
Director of Public Relations and Media Relations
darryl.frost@kw.com / 254-466-3627

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