Marcus & Millichap

  www.marcusmillichap.com
  www.marcusmillichap.com
There are newer employer reviews for Marcus & Millichap

 

The best Platform for Commercial Real Estate sales. Successful agents will produce $350 - $500k incomes w/in 4-5 Years.

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Current Employee - Anonymous Employee in Washington, DC
Current Employee - Anonymous Employee in Washington, DC

I have been working at Marcus & Millichap

Pros

*Excellent Training Program
*Regional Manager has extensive transactional experience and presence at client meetings - good coach.
*Solid Cadre of Senior Agent Mentors
*Collaborative Environment - Lots of Agents working together
*Routine Weekly Sales Meetings and Skill Enhancement Workshops designed to increase collaboration and compress timeframes for individual performance.
*Emphasis on Self-Development
*Entrepreneurial environment with enough structure to ensure success
*Emphasis on securing exclusive listings raises probabilities of getting paid due to inventory control.
*Access to largest inventory of exclusively listed properties to present to clients/buyers
*National Marketshare eclipses any other firm for commercial property sales >$1 million - major credibility statement.
*Absolutely realistic for a new Associate (recent college grad) to develop into a $100k+ net producer within 18-24 months of starting.
*Top Agents generate seven figure net incomes
*Spirited envinorment
*Agents are Independent Contractor 1099s - Own your business tax advantages

Cons

*All commission position
*Takes 9-12 months to close your first deal
*1099 Independent Contractor Position - Firm does not provide benefits.

Advice to ManagementAdvice

The leadership of the Regional Manager and Senior Executives is strong. More investor symposiums would be nice to get our clients in a room together.

Recommends
Approves of CEO

179 Other Employee Reviews for Marcus & Millichap (View Most Recent)

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  1.  

    Not for the faint of heart

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee in Orlando, FL
    Former Employee - Anonymous Employee in Orlando, FL

    I worked at Marcus & Millichap

    Pros

    If you are entrepreneurial and have the resources to go without a paycheck for at least a year, the opportunity to build a successful business within the platform is very good. There is no ceiling on your earnings potential and the training is better than average.

    Cons

    Management is poorly trained and takes a revolving door approach to bringing in new talent. As a result, they have a boiler room image of quantity (lots of agents making lots of calls to the same owners in the market) over quality (taking the time to develop good agents into greatness and creating quality relationships with owners in the market). Although you are an independent contractor, you'd better be making 250 cold calls a week and bringing in business or your gone.

    Advice to ManagementAdvice

    Hire less agents, give them a set territory and grow their skills to develop quality client relationships. Also, stop hiring unqualified regional managers who had a few good years as agents. A good agent does not necessarily make a good manager.

    Doesn't Recommend
    No opinion of CEO
  2.  

    This place isn't for wimps!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee in Atlanta, GA
    Current Employee - Anonymous Employee in Atlanta, GA

    I have been working at Marcus & Millichap

    Pros

    This place offers the most comprehensive training in Commercial Real Estate Brokerage that you will find ANYWHERE in the country.

    Cons

    It doesn't matter how well you are trained if you don't use your new skills. I lot of people are afraid to make the phone calls that will make them succeed.

    Advice to ManagementAdvice

    Thank you for creating a platform and brand for us.

    Recommends
    Approves of CEO
There are newer employer reviews for Marcus & Millichap

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