Keller Williams has signed a master franchise agreement to open initial offices in the People’s Republic of China. Thomas Yu will serve as the operating principal of Keller Williams Greater Shanghai. Along with a strong team of business and investment principals, he will oversee the implementation and expansion of Keller Williams’ proven systems, models and agent-centric culture within Greater Shanghai. Before recently taking over the helm of his family’s billion-dollar fashion accessory business, Yu successfully launched a number of start-ups related to e-commerce.
“We hail from a so-called ‘wild west’ type of market environment, due to a lack of licensure, professional code of conduct, exclusivity and a MLS. By localizing Keller Williams, we will be effectively re-inventing the real estate profession,” said Yu. “We look forward not only to generating great sales and changing the lives of our associates and their friends and families, but also uplifting the standards of the entire industry to start a new chapter in the development of China’s real estate sector.”Back to All