At Keller Williams, we have a language all our own. We affectionately refer to our modified words as "Kellerisms." Below is a list of Kellerisms, along with their definition
The 4-1-1 is a productivity tool that drives your goal setting from the desired end results to the present. 4-1-1 stands for four weeks, one month, and one year; but you must first set the yearly goals and then detail monthly and weekly goals. It is not a to-do list; it's a have-to-do list
A lead generation schedule consisting of eight touches over eight weeks. A high-impact, high-saturation technique that is designed to put you in the number-one position in the minds of everyone in your Met database within an eight-week period.
Above the Line
Above the Line Expenses are also known as Approved Expenses. They are deducted from the Market Center income before Profit Share is calculated.
Associate Leadership Council. A group of individuals drawn from the top 20 percent of Market Center producers.
People in a position to help each other reach their goals. These are individuals you have met that you expect either to do business with or to receive leads from every year.
Below the Line
Below the Line Expenses are expenses that are taken out of owner profit after Profit Share is calculated.
If you are given a glass, different materials, large rocks, small rocks, pebbles, sand, water; fit into the glass in different ways. By putting water first, then sand, then pebbles, then small rocks, then big rocks, you would fit less material. But if you put the big rocks in first, etc., you can fit more materials into your glass.
An individual who produces sufficient GCI and contributes enough Company Dollar to the Market Center to satisfy his/her annual commission Cap requirement. After capping, the individual keeps all commission income.
The money the Market Center keeps after all the agents are paid their commissions. The Market Center uses these funds to pay bills and to make a profit.
The influential group of people at a Market Center who are recruited for their ability to recruit other sales associates and thereby increase MC profitability.
A written personality profiling system that assesses Aggression/Response to Challenge, Influence/Persuasion, Activities/Responsibilities, and Rule/Regulation. The system then describes an individual's personality in terms of D: Dominant/Driver, I: Influencing/Inspiring, S: Stable/Steady and C: Compliant/Correct.
Fill Your Bucket
During staff meetings, you might recognize an individual who has helped you by going above and beyond their job description— you might "fill their bucket."
Gross Commission Income. The total amount of commission dollars the Market Center receives from a transaction.
An individual with a high score in the Dominant/Driver category of the DISC personality evaluation. Team Leaders are typically High-D.
Market Center Administrator. The MCA is responsible for implementing and maintaining all operating systems in a KW Market Center.
Operating Principal. The Operating Principal is responsible for the success of the business venture. They are also responsible for bringing Capital, Leadership, and Accountability.
Paid on Volume
Closed Sales Volume on which the associate paid Company Dollar (until they cap).
Amount of Market Center profit that is sent to KWRI for distribution to the appropriate Associate in the Profit Share Tree.
Regional Director. The Regional Representative who administers KW in a geographical area. RD's award franchises to prospective owners and see that the KW Model is followed in their Region.
The process set forth by Keller Williams Realty International that describes the guidelines to be followed for the successful launch and profitable operation of a Market Center.
The monthly process through which the Market Center closes their books and sends their information to KWRI. Transmittals are due by the 3rd business day of the following month. Market Centers transmitting late are assessed a late transmittal fee of $100 per day. This late charge is never waived. Successful transmittal is a critical task for the Market Center leadership team.