Keller Williams expands to Bolivia
AUSTIN, Texas–(BUSINESS WIRE)–Keller Williams (KW), the world’s largest real estate franchise by number of agents, is growing in South America. In a context of strong international dynamics, KW has awarded a new master franchise in Bolivia.
“Continuing our strong global growth, we are thrilled to announce KW Bolivia, our 10th master franchise in South America,” said William E. Soteroff, president of Keller Williams Worldwide (KWW), the international division of KW. “All over the world, we are where real estate entrepreneurs thrive.”
KWW Momentum (holistic production outside of the US and Canada in Q2 22)
As of June 30, the number of agents outside the United States and Canada was 16,304, up 21.8% from Q2 21.
Agents closed 19,900 transactions in Q2 22, up 31.6% from Q2 21.
Agents achieved sales volume of $4.0 billion, up 39.3% from Q2 2021.
Agents saw 29,100 new listings (new market inventory), up 3.1% from Q2 21.
Agents wrote 23,100 contracts (expected closes), up 33.6% from Q2 21.
The volume of contracts written was $3.4 billion, up 33.4% compared to Q2 2021.
“With the addition of Bolivia, we can now claim a strong and growing presence in the five largest countries in South America,” Soteroff said. “And, our collective footprint on the continent includes over 1,000 agents across 17 offices.”
Led by Regional Operations Manager Carlos Andres Cordova, the KW franchise in Bolivia is currently initializing operations. In Q3 22, KW Bolivia is expected to open its first market center.
“The Bolivian market is very competitive,” Cordova said. “We believe that the main advantage of KW Bolivia will be the agent interdependence model, which will keep competition at bay.”
With a background in business and engineering, Cordova has been a real estate developer in Bolivia since 2002. Its portfolio includes a large scale gated community with the second largest crystal clear lagoon in the world.
“KW offers a new way of doing business by taking care of the agent’s success and well-being, while integrating it into the decision-making process; this is surely a win-win situation for all parties involved,” Cordova said.
KWW is currently exploring new expansion opportunities in Africa, Central and South America, Central and Eastern Europe and throughout Asia.
“We are constantly looking for the right business leaders to share our culture across the world,” Soteroff said. “And Carlos represents the high standard that we have set.”
The basic criteria for new licensees starts with having a qualified management team rooted in the Keller Williams culture; the company also aims for stability in the government, banking and judicial system and a higher level of maturity for a real estate market.
Outside of the United States and Canada, KWW regions include: Albania; Argentina; Aruba; Belgium; Belize; Bermuda; Bolivia; Bonaire; Cambodia; Chile; Colombia; Costa Rica; Cyprus; Czech Republic; Dominican Republic; Dubai, United Arab Emirates; France; Greece; Guyana; Honduras; Indonesia; Ireland; Israel; Italy; Jamaica; Japan; Luxemburg; Malaysia; Mexico; Monegasque; Mongolia; Nicaragua; Northern Cyprus; Panama; Paraguay; Peru; Philippines; Poland; Portugal; Porto Rico; Romania; Sao Paulo, Brazil; Saudi Arabia; Serbia; Saint-Martin ; Slovenia; South Africa; Spain; Suriname; Thailand; Turkey; Turks and Caicos Islands; UK; Uruguay; and Vietnam.
About Keller Williams
Based in Austin, Texas, Keller Williams (KW), the world’s largest real estate franchise by number of agents, has more than 1,100 offices and 200,000 associates. The franchise is also #1 in units and sales volume in the United States.
Since 1983, the company has cultivated an agent-centric, technology-driven, education-based culture that rewards agents as stakeholders. For more information, visit kwx.kw.com.