Keller Williams, the world's largest real estate franchise by agent count and the U.S. leader in units and sales volume, has awarded a license for a new master franchise in Cambodia, according to Business Wire.
Cambodia marks the eighth Keller Williams master franchise in Asia. The brand's other seven regions include Dubai, UAE; Greater Shanghai, China; Israel; Indonesia; the Philippines; Turkey; and Vietnam.
Regional Operating Principal Mr. Kim Heang will lead Keller Williams' growth across Cambodia. He currently serves as the CEO of Khmer Real Estate Co., Ltd., a real estate firm based in Cambodia. Founded in 2007, the company is adopting Keller Williams systems to disrupt the broker-centric model thoroughly embedded in the market.
Kim Heang is exactly the type of learning-based, growth-oriented leader that we want to be in business with, said Mr. William E. Soteroff, president, Keller Williams Worldwide (KWW), the international division of Keller Williams.
He saw a market opportunity to bring a new model into his country and took action immediately. The KW Cambodia leadership team is also one of the most dynamic and influential that we've seen in international real estate, said Mr. Soteroff.
The new master franchise in Cambodia is currently initialising operations and is expecting to launch its first office with a team of 50 agents within the next several months.
Kim shared his vision with our team and it was an immediate match to our model. Cambodia is seeing a dramatic increase in real estate investment and an entirely new generation of young professionals entering the industry, said Ms. Ellen Curtis, COO, KWW. Together, we saw an opportunity to provide an agent-centric model that lifts up KW Cambodia agents as the local experts in this growing market.
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, said Heang. 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.
Across the globe, KWW is home to more than 6,800 international agents, of them 1,330 are in Asia, 170 market centers and 30 plus regions operating outside of the United States and Canada.
Outside of the U.S. and Canada, Keller Williams Worldwide regions include Argentina; Belgium; Belize; Bermuda; Cambodia; Colombia; Costa Rica; Czech Republic; Dubai, UAE; France; Greater Shanghai, China; Greece; Indonesia; Israel; Jamaica; Luxembourg; Mexico; Monaco; Nicaragua; Northern Cyprus; Panama; Philippines; Poland; Portugal; Puerto Rico; Romania; Southern Africa; Southern Cyprus; Spain; Turkey; United Kingdom; and Vietnam.
Source; Agency Kampuchea Press