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Keller Williams expands to Albania and Mongolia

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

According to a statement by Keller Williams, the two new franchises are currently “initialization companies”. In Albania, which is north of Greece, Genti Skenderaj will act as regional operations manager and the franchise will open its first market center or office in the third quarter of this year.

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

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

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

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

In the statement, William E. Soteroff, President of Keller Williams International Division, Keller Williams Worldwide said it is “an honor for the company to introduce two formidable world-class executives”.

William E. Soteroff

“As we continue to focus on the future, the addition of these two new regions to our global family builds on our proud past,” added Soteroff.

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 United States and Canada – a number up 23.1 percent year over year. These agents achieved 13,088 sales in the first quarter of this year, up 58.7 percent year over year, and volume of $ 2.5 billion, up 100.9 percent.

In total, Keller Williams Worldwide has 265 market centers outside of the United States and Canada. In order to set up an international Keller Williams franchise, a prospective client must “have a qualified management team based on the Keller Williams culture,” the company said in a statement.

“The company is also striving for stability in the government, banking and justice systems and a higher level of maturity for a real estate market,” the statement added.

The announcement of two distant new franchises comes as speculation that the company could go public in the near future, although Keller Williams himself has not confirmed any plans to sell any shares.

In addition to Anglophone North America and the two new markets, Keller Williams is internationally active in South America, Europe, Asia, the Middle East and the Caribbean.

Soteroff added in the statement that “despite COVID conditions, it is our unique privilege to once again report robust growth around the world.”

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

Email Jim Dalrymple II

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