Skip to main content

Keller Williams heads to Cambodia


Keller Williams Worldwide announced on Thursday the launch of a new master franchise in Phnom Penh, Cambodia. This brings the number of master franchises in Asia to eight, including offices in Dubai, UAE; Greater Shanghai, China; Israel; Indonesia; the Philippines; Turkey; and Vietnam.

Regional Operating Principal Kim Heang will lead Keller Williams’ growth strategy across the country, starting with implementing the brokerage’s models and systems at his Phnom Penh-based real estate firm, Khmer Real Estate Co, Ltd.

The firm will officially begin operating as a Keller Williams Worldwide franchisee by year’s end, according to a press release.

“Kim Heang is exactly the type of learning-based, growth-oriented leader that we want to be in business with,” said Keller Williams Worldwide President William E. Soteroff.

“He saw a market opportunity to bring a new model into his country and took action immediately,” he said as a reference to KWW’s master franchisee application process. “The KW Cambodia leadership team is also one of the most dynamic and influential that we’ve seen in international real estate.”

In a prepared statement, Heang said Cambodia’s real estate market has experienced explosive growth over the past five years, but noted that many real estate agents don’t have the professional training or human resource support to create thriving businesses.

How TorchX helps brokerages centralize and automate digital marketing for their agents

One platform to generate, convert and nurture real estate leads READ MORE

“Keller Williams is a company which has a business model that fits the market situation in Cambodia, which has a lot of young people and many untrained or unlicensed real estate agents in business,” he said. “We are very proud to be a part of the Keller Williams family. We will take real estate to the next level leveraging the brand’s value proposition.”

The move into Cambodia marks Keller Williams Worldwide’s third expansion announcement this year — the first being the South American market of Argentina, and the second being the European markets of Belgium and Luxembourg.

With these strategic moves, the franchisor managed to add 4,714 agents to its international headcount during the first half of FY 2018, according to an earnings report released in August.

KW Worldwide agents closed 6,887 transactions for a total of $1.2 billion in sales volume, a 46.9 percent increase year-over-year. During the first half of FY 2018, those same agents closed 12,674 transactions for a total of $2.2 billion — a whopping 68.5 percent increase from FY 2017.

At the same time, Keller Williams has continued to expand its technology offerings for agents back in the U.S., including its AI assistant app Kelle, which won Inman’s Innovator Award for Best Real Estate Technology at Inman Connect San Francisco 2018.

Email Marian McPherson


Keller Williams heads to Cambodia curated from Inman – Real Estate News for Realtors and Brokers

Comments

Post a Comment

Popular posts from this blog

The Ultimate Guide To Family Law

Introduction The government has always had a fascination with families and the contract of marriage. State legislatures have passed many laws regulating the requirements for getting married and for obtaining a divorce. In addition, today’s laws also affect couples who live together outside of marriage. It is hard to give simple answers to many of the legal questions that a person may have about marriage, parenthood, separation, or divorce because the laws change and vary from one state to another. In addition, judges in different states with identical laws may decide cases with similar facts in different ways. This article describes the laws and court rulings common to most states. If you have other questions, please contact a lawyer in your state. You may also wish to contact a specialist. Many lawyers (particularly in urban areas) work only on family law or make it a large part of their general practice. Lawyers specializing in family law also may refer to themselves as specialist...
Post a Comment
Read more

When And How To Use a Lawyer

Introduction Almost everything we dofrom making a purchase to driving a car, to interacting with others is affected by the law in some way, shape or form. While it often seems hard to live with the law, it would surely be harder to live without it. In our country, the law is, in a real sense, the people’s law. It is part of the democratic heritage of Americans. The availability of the law does, however, reveal a bewildering variety of choices. When do you need a lawyer? When can (or should) you handle a matter on your own? The purpose of this chapter is to help you make the best choices. There are many legal situations that you can and should handle on your own, without the assistance of a lawyer. However, when circumstances and laws are unique, complicated, or confusing, you may need a lawyer’s guidance. You also may need a lawyer’s services when you are so close to a problem that you are unable to see your way through to a proper solution. While this chapter does not examine spec...
Post a Comment
Read more

Connect the ICSF Sessions: Learn how to delight clients at the Marketing Track

How can agents, tech companies and brokerages all move Faster, Better, Together? Learn how this July at Inman Connect San Francisco .  Buy your ticket here , and remember that Select members get a $100 discount . Thinking of bringing your team? There are special onsite perks and discounts when you buy those tickets together too. Just contact us to find out more. Here’s a harsh truth: You can have the best real estate company in the world, offering unparalleled convenience and delighting your clients left and right. But if you don’t know how to market that business, you won’t be in business at all for very long. Marketing is the art of telling customers (and business partners) that you exist and that you’re awesome, and it’s a critical piece of making your real estate business successful. Whether you’re brand new to the world of marketing or you’ve been around long enough to remember spending lots of money on newspaper ads, there’s something for you to learn at the Marketing T...
Post a Comment
Read more