Key Realty Profit Sharing Policy
Frequently Asked Questions (FAQ’s)
Q: What is Key Realty Profit Sharing?
A: Key Realty Profit Sharing is an incentive based program aimed at rewarding agents for actively contributing to the growth, strength, and stability of Key Realty by inviting new to the business or transferring agents to join the company. Sponsoring agents are eligible to receive annual profit share from any active sponsored agents. Profit share is a percentage of the company dollar an agent pays towards their annual cap.
Q: Is There a Bonus for Sponsoring Agents?
A: From time to time, Key Realty may offer Profit Share bonuses. These bonuses are in addition to standard profit share payments. Profit Share bonuses may have a promotional time period and additional qualifying terms and conditions that apply. Please visit https://support.explorekeyrealty.com/s/profit-share for a list of current Profit Share Bonuses.
Q: How is Profit Share Calculated?
A: Sponsoring Agents receive annual profit share from the Sponsored Agent, with the annual profit share cap currently set at $500. Profit share is paid as a percentage of payments made by the Sponsored Agent towards their cap, calculated by dividing the profit share cap by the Sponsored Agent's total annual cap. This too will be paid via ACH on or around the 25th of the following month. Example: Yearly Profit Share maximum of $500 divided by Current Key Commission Cap of $5100 = 9.8%. Sponsored Agent earns a commission of $2,000. On the 50/50 plan, $1,000 goes to the Sponsored Agent and $1,000 goes to Key Realty. 9.8% of the Key $1,000 = $98.00 for the Sponsoring Agent.
Q: Who is eligible for this Program?
A: A Sponsoring Agent must be in active status with Key Realty or one of its affiliates at the time the sponsored agent joins and begins onboarding. They must actively recruit the Sponsored Agent and assist in their progress into Key Realty. Submitting a name to your Regional Manager is not enough “procuring cause” to be eligible for profit sharing. Please be involved to the point that there will be no doubt that the Sponsored Agent will identify you as the Sponsoring Agent.
Q: What is the Eligibility Criteria for Sponsored Agents?
A: Sponsored Agents are those who join Key Realty and complete all onboarding requirements, including training, board and MLS memberships, and compliance with state licensing rules. If a Sponsored Agent takes on a role within Key Realty resulting in a reduction of their annual cap, the Sponsoring Agent shall receive profit share compensation equivalent to what would be allocated under the Key Monthly commission plan.
Q: What is the Profit Share Period?
A: The profit share period begins on the Sponsored Agent's anniversary date and ends one day before their rollover date, resetting annually as long as the Sponsored and Sponsoring Agents remain active with Key Realty.
Q: How and When are Profit Share Payments Made?
A: Profit share payments are made on or around the 25th of the following month for the previous month's activity, deposited via ACH to the Sponsoring Agent's bank account on file. Key Realty reserves the right to apply any profit share payments owed to an agent to any outstanding bills, invoices, or referrals owed by that agent.
Q: How are Sponsorship Disputes Handled?
A: Agent sponsorships are non-transferable, and each agent can only be sponsored by one agent. In case of disputes, the Sponsored Agent determines their Sponsoring Agent. Sponsorships remain active as long as both agents remain active within the Key Realty family of companies. The Sponsoring Agent MUST be actively involved in bringing the Sponsored Agent to the company.
Q: What Happens if a Sponsored Agent Leaves Key Realty?
A: If a Sponsored Agent leaves Key Realty, the sponsorship relationship becomes inactive. Furthermore, Sponsored Agents who join or transfer to Key Realty affiliates are not eligible for Profit Share or Profit Share Bonuses. See the full Profit Share policy for additional information.
Q: Is the Profit Sharing Policy Subject to Change?
A: Yes, the policy is subject to change at the discretion of Key Realty. Agents are responsible for staying informed about any updates.
For further inquiries or assistance, please contact Agent Support at: agentsupport@keyrealtyagent.com.
