Marcus & Millichap Reviews

Updated June 29, 2015
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2.9
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Recommend to a friend
Approve of CEO
Marcus & Millichap President & CEO John J. Kerin
John J. Kerin
71 Ratings

Pros
  • The training program is second to none (in 14 reviews)

  • Great training, Great Tools, Great opportunity for self directed people (in 11 reviews)

Cons
  • No benefits, no salary (small salary if SIP, which later gets deducted from commissions) (in 10 reviews)

  • 100 percent commission based compensation structure (in 7 reviews)

More Pros and Cons

196 Employee Reviews

Sort: Popular Rating Date
  1. Great Company

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Marcus & Millichap

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    High growth company, industry leader

    Cons

    None to think of currently

    Advice to Management

    Keep up the good work.


  2. Helpful (2)

    Associate

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Commercial Real Estate Broker in Long Beach, CA
    Former Employee - Commercial Real Estate Broker in Long Beach, CA

    I worked at Marcus & Millichap full-time (More than 3 years)

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Great training and a good place to learn the fundamentals of commercial sales. Strong mentors available to help newer agents learn the business.

    Cons

    The industry is winner take all and difficult to break into. It may take over a year to close a transaction with many newer agents leaving the company without ever closing a deal.

    Advice to Management

    Matching junior agents with the correct senior agent is crucial to their success. Also matching junior agents with the correct market area and product type is important.


  3. Helpful (1)

    Agent

    Current Employee - Anonymous Employee in Fort Lauderdale, FL
    Current Employee - Anonymous Employee in Fort Lauderdale, FL

    I have been working at Marcus & Millichap full-time (Less than a year)

    Pros

    Un caped income potential

    Cons

    High turn over rate for new people


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Broker Assistant

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Agent Assistant in Irvine, CA
    Former Employee - Agent Assistant in Irvine, CA

    I worked at Marcus & Millichap full-time (More than a year)

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    Pros

    family type of company culture
    reasonable pay

    Cons

    little training
    micro management by supervisor
    screwed by shady contract and deal commissions

    Advice to Management

    scrutinize every employee for taking shortcuts with standard process for listings and under contract and employees who plagiarize on their accolades and accomplishments


  6. Helpful (1)

    M&M

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Marcus & Millichap (Less than a year)

    Pros

    Make as much as you want.

    Cons

    Company doesn't care about younger brokers. Has ancient technology.


  7. Marketing Coordinator

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Marcus & Millichap

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    Pros

    Flexible with schedule, fairly relaxed atmosphere, great team performance

    Cons

    No career growth, no benefits


  8. Helpful (1)

    Associate

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Marcus & Millichap full-time

    Positive Outlook
    Positive Outlook

    Pros

    Sky is the limit on potential income and the firm is actively engaged in getting you to $100k+ income

    Cons

    It may take 12-24 months to get your first commission checks


  9. Good Place to Work

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous in Los Angeles, CA
    Current Employee - Anonymous in Los Angeles, CA

    I have been working at Marcus & Millichap

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    Excellent benefits and the awesome people.

    Cons

    Hours are not flexible and it's difficult to take time off being that the office is understaffed. Pay is very little.

    Advice to Management

    Focus on making staff happier and provide more incentives for staff members to care about working.


  10. Associate

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Marcus & Millichap

    Pros

    You typically get out what you put into it
    Great training support system
    Great platform for procuring buyers & sellers

    Cons

    While many can create their own luck...Luck plays too big of role in your success rate
    Management uses the sales tactics they teach to you...on you...seems fake
    High Turnover

    Advice to Management

    Be real with your agents---There is always a bright picture that management paints for you regarding economic conditions and where your business should be headed. Sales Sales Sales on all levels to a point that seems fake.


  11. MNHG Associate

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Marcus & Millichap

    Pros

    - excellent overall business model and product platform
    - high energy
    - research materials - depending on location and product-type
    - plug-and-play sales tools

    Cons

    - unrealistic performance standards for new associates
    - training is almost entirely focused specific sales techniques, with little attention to products, markets and transaction processes.
    - bad splits



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