Franchise News

FranSpeak International Monthly Newsletter

Sign up for our monthly email round-up of international franchise news. Privacy Policy

Keller Williams (US) Expands into Albania and Mongolia

27 Apr 2021 - The two new franchises will open offices in the third quarter of this year and are part of Keller Williams' continued expansion across the globe

Keller Williams announced Monday that it is opening franchises in Albania and Mongolia, both of which are part of the brand’s continued worldwide expansion.

The two new franchises are both currently “initializing operations,” according to a statement from Keller Williams. In Albania — which sits just north of Greece — Genti Skenderaj will serve as regional operating principal, and the franchise will open its first market center, or office, in the third quarter of this year.

In a statement Monday, Skenderaj said that “although we are a small country, our dreams are very big and ambitious.”

“We aim to become the largest real estate company in Albania inside five years, using Keller Williams’ models and systems, technology and training,” Skenderaj said.

Odsuren Lkhagvasuren will serve as regional operating principal for the Mongolian franchise, which is also initializing operations and plans to open a market center in the third quarter of the year. Lkhagvasuren praised Keller Williams in the statement, describing the brand has having a “uniquely strong culture” that will enable the team to “grow our people and the real estate profession as a whole in Mongolia.”

“In Mongolia, real estate is a young profession and most of the existing agents are young,” Lkhagvasuren said. “There’s a strong demand for a healthy environment where agents can learn and grow in their professional and personal lives.”

Also in the statement, William E. Soteroff — president of Keller Williams’ international division Keller Williams Worldwide — said the company is “honored to introduce two impressive world-class leaders.”

“While we remain focused on the future, the addition of these two new regions to our worldwide family builds on our proud past,” Soteroff added.

Keller Williams announced the two new franchises as part of an update on the company’s international reach. Among other things, the statement revealed that as of March 31 there were 12,912 Keller Williams agents outside the U.S. and Canada — a number that’s up 23.1 percent compared to a year ago. Those agents closed 13,088 sales in the first quarter of this year, up 58.7 percent year-over-year, and did $2.5 billion in volume, up 100.9 percent.

In total, Keller Williams Worldwide has 265 market centers outside of the U.S. and Canada. In order to start an international Keller Williams franchise, a would-be principal needs to have “a qualified leadership team grounded in the Keller Williams culture,” the company’s statement explains.

“The company also strives for government, banking and judicial system stability and a higher maturity level for a real estate market,” the statement adds.

The announcement of two far-flung new franchises comes as speculation mounts that the company could be going public in the near future, though Keller Williams itself has not confirmed any plans to begin selling shares.

Beyond Anglophone North America and the two new markets, Keller Williams operates internationally in South America, Europe, Asia, the Middle East and the Caribbean.

Soteroff added in the statement that “despite COVID conditions, it’s our unique privilege to again report robust growth across the globe.”

“The credit for our continued year-over-year momentum belongs to our people,” he added, “the driving force and the foundation of our culture and our strong agent-centric systems and models, supported by powerful technology.”


Inman

RELATED NEWS

FROM THE SAME REGIONS