But
the
changes
did
provide
an
incentive
for
agents
to
return
to
Keller
Williams.
Former
agents
who
returned
to
the
company
within
six
months
of
the
effective
reduction
date
would
have
their
profit
share
restored
to
100%.
These
changes
had
been
slated
to
go
into
effect
on
July
1,
2024.

According
to
the
firm,

Mark
Willis,
the

CEO
and
president
of
Keller
Williams
Realty
and
chairman
of
the
IALC,
made
a
formal
recommendation
during
a
recent
meeting
to
rescind
the
current
policy
related
to
vested
and
competing
former
KW
agents. 

The
IALC,
which
is
comprised
of
representatives
from
associates,
market
centers
and
regions
in
the
U.S.
and
Canada,
typically
votes
on
policies
at
an
annual
“Family
Reunion“
event,
typically
scheduled
in
February,
and
at
the
Mega
Agent
Camp
in
August
or
September
each
year.
But
Willis
called
for
a
special
vote
on
this
issue. 

“Today,
in
an
unprecedented
meeting,
the
International
Associate
Leadership
Council
(IALC)
voted
to
rescind
previously
proposed
changes
to
our
profit-sharing
program.
The
vote,
which
required
everyone
to
take
a
close
look
at
our
values
and
the
structure
of
our
business,
wasn’t
taken
lightly,”
Willis
said
in
a
statement.

“The
vote
passed
with
an
overwhelming
majority.
The
outcome
serves
as
a
reflection
of
our
commitment
to
integrity,
teamwork,
and
finding
a
win-win
for
all
involved.
With
today’s
vote,
the
IALC
chose
to
reinforce
our
profit-sharing
model
as
a
cornerstone
of
everyone’s
collective
success.”

Over
the
past
several
months,
the
impending
changes
to
Keller
Williams’
profit-sharing
program
have
made
the
firm
the
target
of
more
than
a
dozen

class-action
lawsuits,
all
filed
by
former
Keller
Williams

agents.

In
these
lawsuits,
the
plaintiffs
argue
that
according
to
the
Keller
Williams
policies
and
guidelines
manual,
the
brokerage
did
not
have
the
right
to
terminate
the
profit-share
program.
They
also
claim
it
didn’t
have
the
right
to
amend
any
aspect
of
the
program’s
method
of
calculating
a
market
center’s
profit-sharing
contribution
or
a
recruiting
sponsor’s
profit-sharing
distribution,
except
as
specifically
directed
by
the
IALC.

Lastly,
they
claim
that
any
amendment
made
to
the
profit-sharing
program
was
only
allowed
to
be
prospective
and
not
retroactive.