The next wave of servicing regulation is coming – Are you ready?

Join this webinar to learn what servicers need to know about recent and upcoming servicing compliance regulations and strategies experts are implementing to prepare for servicing regulatory audits.

In a purchase market, rookie LOs may struggle

Rookie LOs in 2020 could ride the refi wave and rack up a hefty monthly paycheck without Herculean effort. But these days, they'll have to sing for their supper.

Logan Mohtashami on trends in forbearance exits

In this episode of HousingWire Daily, Logan Mohtashami discusses several hot topics in the housing market, including recent trends in forbearance exits and future homebuyer demand in the midst of inventory shortages.

Natural disasters and forbearance: What borrowers and mortgage servicers need to know

With a rise in natural disasters, including wildfires, hurricanes, floods, tornadoes and mudslides. The mortgage industry needs to be proactive in examining programs to help borrowers recover.

AgentReal EstateBrokerageFintech

KW President Marc King on Gary Keller, social unrest

The brokerage executive shares his thoughts on Keller Williams' competitors and work in a virtual, tumultuous world

HW+KW President Marc King
Marc King, president at KW

Is Keller Williams rising or falling — or has it settled into a role of venerable franchise network in a growing ecosystem of international brokerages?

The team’s executive leadership shifts give the appearance that change is afoot. Gary Keller, who founded the Austin, Texas-based company, stepped down last year as CEO. Holding company KWx was created, with Carl Liebert, someone outside the real estate industry, named as its CEO.

Then in February, Josh Team announced on Facebook he was out as company president, replaced by Marc King, the company’s then-director of growth.

King has spent over a decade at Keller Williams, including leading the company’s Branson, Missouri, operation. He speaks reverently of Keller as someone who is obsessed with real estate agents and who, when he dies, “Will have ‘Realtor’ carved on his tombstone.”

How to measure Keller Williams’ success is not always easy. The brokerage is bursting with agents — 173,000 in the U.S. and Canada at last count — and is a traditionally “high-volume, low-margin” enterprise, King said. Other brokerages of such reach — Realogy, RE/MAX, Compass this list goes on — are publicly traded with readily available profit and revenue numbers.

Keller Williams has resisted the initial public offering path. “When everybody runs in one direction, Gary runs in the other,” King said.

HousingWire spoke over the phone with King about what it’s like to work with Keller and leading a company in a time of acute social turmoil. Here’s an edited version of that conversation:

HousingWire: Did becoming president of Keller Williams necessitate a move to Austin?

This content is exclusively for HW+ members.

Start an HW+ Membership now for less than $1 a day.

Your HW+ Membership includes:

  • Unlimited access to HW+ articles and analysis
  • Exclusive access to the HW+ Slack community and virtual events
  • HousingWire Magazine delivered to your home or office
  • Become a member today

    Already a member? log in

    Most Popular Articles

    These are the hottest housing markets in America

    A housing market report from RE/MAX found that 36 of 51 metro areas had double-digit year over year sale price increases in August. Boise led the way.

    Sep 17, 2021 By

    Latest Articles

    Forbearance numbers fall as borrower exits remain high

    Servicers’ forbearance portfolio volume fell once again last week, as exits remained elevated compared to requests or re-entries. It fell 8 bps to 3.00%.

    Sep 20, 2021 By
    3d rendering of a row of luxury townhouses along a street

    Log In

    Forgot Password?

    Don't have an account? Please