Josh Team Quits Keller Williams

Josh Team has left Keller Williams as president, just months after what seemed to be a promotion.

I've decided to step on to my next chance from Keller Williams,” Team posted on his personal Facebook page on Monday. After talking with Gary, Carl, and the rest of the team, we all decided on a strategy for me to assist with the transition over the next few weeks.”

He also added, “After weeks of deep consideration, several interviews, and looking into the future, I've decided to move on to my next opportunity from Keller Williams. We all agreed on a plan for me to help with the transition over the next few weeks after meeting with Gary, Carl, and the rest of the team. I'm grateful for all Keller Williams has done for me and my family, as well as the wonderful relationships I've established. I'm excited to back the red and white as a fan!”.

The team's resignation letter was first reported by Inman News.

Following a lengthy company board meeting, Gary Keller, executive chairman of Keller Williams, announced the Team's departure later in the day Monday.

In an open letter to company employees and agents, Gary Keller wrote, "Recently, Josh Team and our leadership team sat down to negotiate an amicable and cooperative exit arrangement and set up a comprehensive transition plan."

As a result of the departure of the team, Marc King was promoted to president within the company. King previously worked as a growth co-director.

Following a stint with Bain Consulting, the company also announced the hiring of Chris Cox as head of technology and digital on Monday.

The reorganization comes after founder Gary Keller announced in October that he would resign as CEO of the Austin, Texas-based brokerage. The team will "assume all roles and obligations previously performed by Keller," according to a company statement at the time. Keller Williams Realty will no longer have a CEO, but Keller will continue to serve as executive chairman of the board.”

The formation of a Keller holding company, KWx, with Carl Liebert appointed as CEO, further complicated the leadership image.

Liebert, a former executive at Auto Nation and Home Depot, among other businesses, was a regular at Keller real estate agents' annual "Family Reunion" last week.

Liebert has no prior experience in the real estate industry. King, a former real estate agent, will oversee the daily activities of the brokerage but will report to Liebert.

In addition, none of the members of the team had any experience with real estate. After working as the Chief Innovation Officer at RAPP, a New York City-based advertising firm, he joined Keller Williams in 2015.

Keller's digital presence, which included a redesigned consumer-facing website and proprietary customer relationship management tools, was the highlight of the Team's time as Chief Innovation Officer. In 2019, Keller elevated the Team to the role of President.

Keller's "Smarter Agent" real estate software was discontinued under Team's watch.

Keller, a private corporation, self-reported its franchisees' sales volume numbers last week. The firm's affiliates in the United States and Canada recorded revenues of $407 billion in 2020, up 16 percent from 2019.