460 Realty Makes History as First Canadian Brokerage to Hand Out Profit Shares to REALTORS®

460 Realty achieved a historical milestone on Thursday, as we became the first Canadian real estate company to hand out profit-sharing cheques to 18 of our agents.

At 460 Realty, we operate under an innovative profit sharing model that is unique to the Canadian real estate industry. While there are a few brokerages that engage in profit sharing back east, they are franchisees of the U.S. real estate company, Keller-Williams. To date, 460 Realty is believed to be the only Canadian brokerage that follows this structure.

“We directly attribute the success of our company to our employees, so Thursday was a very proud day for us,” said Randy Forbes, director of operations. “We are thrilled to be able to share the success of our operation with the people who helped us get there.”

460 Realty is a part of the larger 460 Group of companies, which also includes 460 Property Management, 460 Mortgage Investment Corporation and 460 Communications. This integrated model has provided lateral growth for the company, and has allowed clients to leverage services in a number of areas.

This unique business model is just another example of the out-of-box thinking that helped catapult the 460 Group onto the Vancouver Island real estate scene. In just two short years, the company has overtaken the number two spot for market share and sales in Nanaimo.

The company is co-owned by the licensees and employees, which creates a true, collective team effort. This fosters an environment where agents go the distance for each other, for their clients and creates a powerful culture that everyone benefits from.

“At the 460 Group, we truly believe that people, values and culture drive our success,” said Forbes. “I think the fact that we were able to hand out profit shares in year two confirms that.”

PHOTO CREDIT: Mike Thompson, 460 Communications Photography

Back Row Left to Right: – Peter Gallacher, Alex Penner, Matt Schiebel, Chris Crump and Phil Gonyer

Front Row Left to Right: Catherine McCull, Shannon Frith, Amber Tanti, Angela Espey and Angela West