Frequently asked questions
How do I Get my Real Estate License in CALIFORNIA?
There are many sources for education and training to obtain a real estate license in California. Read our section on this websites that breaks down the cost, licensing school choices and how to apply for your real estate license.
WHAT IS A CAP?
If you have been exposed to Keller Williams Realty in any capacity, you have probably heard the term CAP used. The CAP is referring to the maximum amount a KW agent will pay the brokerage from their commission in a rolling calendar year. The CAP at KW Coachella Valley is $25,000 for individual agents.
Royalty is also capped at Keller Williams Coachella Valley at $3,000. So the maximum amount a single agent will pay from commission in 12 months from the anniversary of your joining date would be $28,000.
If you are an individual agent, once you have reached a little over $3.3M in volume, or on average your 5th or 6th transaction in a rolling calendar year, you won’t pay another dollar from your commission to the brokerage for the rest of the year.
Agents have saved thousands, often tens of thousands and sometimes hundreds of thousands of dollars from this financial model alone.
WHAT IS THE COMISSION SPLIT at kw COACHELLA VALLEY?
At KW Coachella Valley agents are at a 70/30 split, with a $25,000 cap. Meaning agents receive 70% commission on any sale, the brokerage retains 30% until the brokerage receives $25,000 in a rolling calendar year. Once the $25,000 cap is met, the agent receives 100% of their commission for the remainder of the year.
Royalty is taken at 6% and capped at $3,000. So the maximum amount a single agent will pay from commission in 12 months from the anniversary of your joining date would be $28,000.
DoES KW COACHELLA VALLEY Offer Leads?
Yes! Keller Williams Coachella Valley offers their unique +LEAD Certification Program that guarantees leads each and every month! More Information is available on the +LEAD Certification page.
What is the atmosphere at the office?
KW Coachella Valley promotes an open culture where ideas and suggestions are freely shared. Our agents have a strong sense of community and support in an environment of learning and growth. We host many weekly and monthly events. Some for training and learning and some just for fun! We are also actively involved with our community through RED DAY and other community events. Learn more about the culture at our offices on "Our Story" page
What are the monthly costs to be an agent at KW Coachella Valley?
A lot of agents ask what the costs are at KW Coachella Valley. We do have a monthly fee of $70, that covers the KW technology fee, and a $55 monthly fee for E&O insurance. You will aslo be responsible for your own MLS user fees with the local and national boards. These fees may be a little more or less based on if you are licensed in Los Angeles or part of both the California Desert Association of Realtors (CDAR) and/or the Greater Palm Springs Realtors (GPSR) MLS Boards.
Our agents, of course, have 24 hour access to our two local offices, with touch and go work areas, call booths, conference rooms and training rooms in Palm Desert and Indian Wells.