New Western

  www.newwestern.com
  www.newwestern.com
There are newer employer reviews for New Western

 

You're going to learn a lot and earn a lot if you put in the time

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Current Employee - Acquisitions Associate in Houston, TX
Current Employee - Acquisitions Associate in Houston, TX

I have been working at New Western full-time (more than 3 years)

Pros

About me: I have worked at New Western for 3 and ½ years. I’m a top producer in the company. I’m also in the top 1% of Houston Realtors (as several associates have been in this office). I achieved this in 2 ½ years. I have been with this company long enough to see it grow and mature into a very respectable and dominate leader in the residential investment industry.

-The office environment is very unique. An office generally consists of 10-20 young guys in a casual atmosphere. It is very likely to become good friends with colleagues.

-Entry level associates will sell residential investment properties to clients. The company no longer puts out “bandit signs” in order to generate client leads. Instead, an associate is expected to go to networking events, make cold calls, and will also be given MANY warm leads to generate clientele. It can be a fast paced and competitive environment. You will not have many predictable days once you get out of training.

-The training at the firm has also greatly improved. There will be sit down instruction with senior associates training you on everything from contracts, financing, organization, and of course selling. This generally lasts a few weeks once you start. The company still firmly believes in “learning on the job”. A great way to learn at this company is to ask lots of questions and I have never encountered an associate that is not willing to help or give a little of their time. I came into New Western with NO knowledge of the industry and I now believe myself to be a competent professional.

-The compensation at the company is 100% commission. I consider this a pro. I hate the idea of knowing what I’ll make every year. You’ll probably hear this from others at the company, but yes it is possible to make 100K in your first year and yes others have done it and yes this is possible at any of the New Western offices. However an associate that achieves this would be considered exceptional. A decent associate can now expect to make 50K+ in a full year. But you will earn what you put into it. It’s that simple.

Cons

-100% commission can be considered a con for many people. This job is simply not a good fit if you do not want to take responsibility for how much you make.

-You will drive a lot. You can expect to put about 10-15K miles on your car per year. I personally don’t like sitting at a desk all day so I actually enjoy getting out and looking at houses. But I’m sure some prefer a 9-5 desk job.

Advice to ManagementAdvice

Keep growing fast

Recommends
Positive Outlook
Approves of CEO

12 Other Employee Reviews for New Western (View Most Recent)

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  1. 8 people found this helpful  

    Great place to learn but no real long term career opportunity

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Senior ACQUISITION AGENT in Dallas, TX
    Current Employee - Senior ACQUISITION AGENT in Dallas, TX

    I have been working at New Western

    Pros

    You will learn how to sell and learn a lot about investing in real estate. There is a lot of turnover so you meet a ton of new people and you can move up quickly! The whole company gathers at the end of each quarter to listen to senior management tell everyone that greatness is on the horizon and that everyone is about to make a ton of money but those promises tend to fall short. Don’t get me wrong, there are some top performers that might make a few bucks but most of the employees are just under the impression that they are making decent money. If you stay focused on the learning aspect and pay little attention to all of the Hooplah you will be fine. Please don’t go spend your first few paychecks on a nice watch no matter how much pressure there is to do so.

    Cons

    I was with the company for years and was considered a senior associate/ top producer. The compensation is minimal (nowhere close to $250,000 as stated below) even for a senior associate. You can expect to make $15,000 - $25,000 while in sales and $30,000 - $70,000 in acquisitions depending on the branch and your talent level (very few have earned more). You will be responsible for all marketing and lead generation. 99% of your marketing will be putting bandit signs on the side of the road and taking phone calls. The bandit signs are illegal but the company will pay for your tickets ( most of the time). Be prepared to use a substantial amount of gasoline and put thousands of extra miles on your vehicle with no reimbursement from the company.

    Advice to ManagementAdvice

    This website is for current and former employees to submitt an honest review of your company, so that job seekers can get an accurate picture of what they should expect. Please respect the integrity of the site by not posting anymore reviews from current senior mangement.

  2. 1 person found this helpful  

    i love my job!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Sales Agent in Bedford, TX
    Current Employee - Sales Agent in Bedford, TX

    I have been working at New Western

    Pros

    great pay for producers.
    fraternity like brotherhood between employees.
    growing company=opportunity for fast promotion.
    getting paid for learning investment knowledge that others pay a lot of money for.
    Awesome quarterly meetings!

    it's not an easy job, it's challenging and demanding but very rewarding. i have worked with other real estate brokerages, residential and investment, and New West has surpassed any and all expectations i might have had. The training is there if you want it, both formal and informal. I know that i am an open book to any employee that has a question. the office atmosphere is unbeatable. i can honestly say that the guys i work with have become lifelong best friends of mine.

    Cons

    getting started is scary and defiantly not easy. long hours in the beginning. bringing lunch everyday and figuring out that i had to get an unlimited plan on my cell phone were some changes i made to make life a little easier at first. i think that's true with any sales job, especially real estate. there is a lot to learn really fast and it's clear that the faster you learn, the faster you can start getting paid. That's a lot of pressure for some people.

    Advice to ManagementAdvice

    keep being innovative. i think it's one of the main reasons we have been successful thus far. keep encouraging senior employees to continue to learn all new developments in the market. as long we never loose sight of those two things, we will continue to flourish.

    Recommends
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