Rapid Realty

www.rapidnyc.com
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Rapid Realty Reviews

Updated February 26, 2015
Updated February 26, 2015
14 Reviews
2.2
14 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
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Anthony Lolli
8 Ratings

Employee Reviews

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  1.  

    Great way to get a Cheap start in Real Estate!!!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Licensed Real Estate Salesperson in Brooklyn, NY
    Current Employee - Licensed Real Estate Salesperson in Brooklyn, NY

    I have been working at Rapid Realty full-time (more than 3 years)

    Pros

    Young, fun, and exciting company for real estate newbies! Fast-paced and competitive. Gives you a "Wolf of Wall Street" feel when you land deals. If you have a great broker, they constantly broadcast your successes across the country and make you a role model for others to follow. You become a Super Star!

    Cons

    Shark tank mentality among co[workers, and salespersons are often pitted against each other. Varying work place environment from office to office because each office is a separately run franchise. Lots of miscommunication between franchisees, salespersons and management. High attrition rate. Here today, gone tomorrow!

    Advice to ManagementAdvice

    Offices need to be managed properly and while being competitive is good, it needs more of a team environment so turnover isn't so high

    Recommends
    Neutral Outlook
    Approves of CEO
  2.  

    Allows for

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Contractor - Real Estate Agent in New York, NY
    Former Contractor - Real Estate Agent in New York, NY

    I worked at Rapid Realty as a contractor (less than a year)

    Pros

    Pays for licensing education, allows for as much or as little time as you want

    Cons

    low commission split, few listings, small unorganized offices.

    Advice to ManagementAdvice

    Work on creating a sense of a professional office culture, gather more listings

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  3.  

    Rapid Realty - Solid Company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Real Estate Agent in Brooklyn, NY
    Current Employee - Real Estate Agent in Brooklyn, NY

    I have been working at Rapid Realty full-time (more than a year)

    Pros

    Great atmosphere. The CEO Anthony Lolli is the most transparent executive you'll ever meet.All offices are independently owned and operated but the culture remains the same...Become a great agent and have FUN doing it!
    Excellent training that is always available. Very helpful senior agents. Franchise development and training is unmatched.

    Cons

    You will have a steep learning curve if you choose to become a franchisee. You WILL have a 80+ week on a regular basis as an agent. You will need to invest in advertising to really see the big money in RE...period, so do not get into this industry with a get rich quick mentality.

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    Good place to start

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Real Estate Agent in New York, NY
    Former Employee - Real Estate Agent in New York, NY

    I worked at Rapid Realty full-time (more than a year)

    Pros

    Good place to learn how to hustle and learn about the rental business, if you're not cut out for long hours and working weekends,straight commission sales is not the business you should be in, you will lose.

    Cons

    Commission system is bs,seems like they're more into churning through agents, no exclusives, no new developments, no real home sales going on and this just limits your growth, but the experience you gain makes it easy to move on to bigger firms since you've learned the fundamentals.Unfortunately the founders are to proud of the thug image of the company and it draws a lot those types for rentals and for work to the company, company tattoo program is a public embarrassment and projects a very poor image of the company in the industry.

    Advice to ManagementAdvice

    The ceo should focus less on his personal publicity and concentrate on building the brand and attracting real and experienced talent

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  6.  

    Definition of Dog Eat Dog

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Real Estate Agent in Brooklyn, NY
    Former Employee - Real Estate Agent in Brooklyn, NY

    I worked at Rapid Realty full-time (less than a year)

    Pros

    Large rental database for new agents.

    Cons

    Unreliable listing data for all agents. ALot of favoritism.

    Advice to ManagementAdvice

    Crete a better system to hold individual agents accountable

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  7.  

    one and done

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Contractor - Sales in Staten Island, NY
    Former Contractor - Sales in Staten Island, NY

    I worked at Rapid Realty as a contractor (more than a year)

    Pros

    Easy start up,free training,no office fees

    Cons

    Long hours ,low pay, free training

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  8. 1 person found this helpful  

    Desperate times, desperate measures

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Associate in Brooklyn, NY
    Former Employee - Associate in Brooklyn, NY

    I worked at Rapid Realty part-time (less than a year)

    Pros

    It's better than begging on the street.

    Cons

    Corrupt
    Immoral
    They love to work with landlords like Donald Sterling
    Cheap
    They will lie, steal and cheat to rent out a basement apartment to a 80 year woman just for a low commission.

    Advice to ManagementAdvice

    Repent before KARMA destroys you.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  9.  

    Unprofessional and petty.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Contractor - Licensed Real Estate Salesperson in Brooklyn, NY
    Current Contractor - Licensed Real Estate Salesperson in Brooklyn, NY

    I have been working at Rapid Realty as a contractor (less than a year)

    Pros

    Paid training, continued training, present CEO, flexible schedule, no desk fees.

    Cons

    Pettiness between offices. Unprofessional coworkers; e.g. listing agents who blatantly ignore requests and/or return phone calls and messages in an untimely manner making it impossible to show their listings. It's as though some offices hire anybody off of the street, regardless of their qualifications or potential to succeed.

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  10.  

    fair place to start

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Sales Agent Representative in Brooklyn, NY
    Current Employee - Sales Agent Representative in Brooklyn, NY

    I have been working at Rapid Realty full-time (more than 3 years)

    Pros

    rapid growth, good place to begin your real state career, Large inventory, CEO available for mentorship, able to grow within the company.

    Cons

    disorganized, no policing of company policies, lack of proper structure, shady practices by top producers are overlooked often.

    Advice to ManagementAdvice

    ensure a level playing field for everyone in the franchise. The fast growth has compromised the team environment that once made this place unique amongst real estate companies.

    Recommends
    Neutral Outlook
    Approves of CEO
  11. 1 person found this helpful  

    Great people ok company

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

    I worked at Rapid Realty part-time

    Pros

    They pay for your school.
    Great brokers

    Cons

    Very young immature atmosphere.
    Structure needs work
    The commission splits are low

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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