ZipRealty
3.0 of 5 53 reviews
www.ziprealty.com Emeryville, CA 150 to 499 Employees

ZipRealty Reviews

Updated Jul 9, 2014

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3.0 53 reviews

                             

37% Approve of the CEO

ZipRealty President, CEO, and Director Charles C. (Lanny) Baker

Charles C. (Lanny) Baker

(19 ratings)

50% of employees recommend this company to a friend
53 Employee Reviews
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Review Highlights

Pros:
  • "I also appreciate the great work-life balance I have here"
    in 4 reviews
  • "The fact that the company provides agents with leads help you jump start your career"
    in 4 reviews
Cons:
  • "Commission splits are so low that many agents are new or only part-time -- large turnover"
    in 3 reviews
  • "High turnover rate, leads are consisitency reassigned to other agents when an agent leaves the company"
    in 3 reviews
  • Show more review highlights

Reviews

    • Culture & Values
           
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    Good place to start. Office is very friendly.

    Sales Agent (Current Employee)

    ProsIt's nice you get leads right away, but they are pretty much all old, cold, reassigned contacts who do not respond to email greetings. For those who are wondering exactly what they do pay, here it is. Qualifying revenue is 80% of the commission (usually 2-3% for each lister/buyer agent), minus 50% until you earn $52k, then it goes to 75% until another peak, then 80%. This sounds low, but you do not have any office, franchise, coffee, or lead fees. My boss claims he made more in 1.5 years at Zip than in 4 years at another broker. They do have good, frequent training. Initial one-week training is all about their website that you use once an agent, not the general website. I love that I can work from home. No floor time, office time, BS time.

    ConsApparently any broker will hire any agent to boost their numbers. I hope this company comes through for me. Their selling point is their software.

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    11 years of ups and downs. Trending downward the past two years since the bottom line has taken over and Davis too

    Realtor (Current Employee)

    ProsTo get your business going if you are a new agent

    ConsThere is no more Culture within the organization that used to come down to the District level. TheTEAM at the district level is non existent. No meetings, no camaraderie. No direction or assistance at the local office

    Advice to Senior ManagementIt does not matter. their only concern is the PBZ, Powered By Zip model that they sell the technology to other RE firms . We have become a technology company and that is where the money is in their eyes.

    No, I would not recommend this company to a friend

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    good

    Sales Associate (Current Employee)
    Orlando, FL

    ProsGreat employee relationships and inter action

    ConsPay split cloud be better

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    • Culture & Values
           
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    Co workers are great!

    Realtor (Current Employee)
    Temecula, CA

    ProsThe company provides leads and comprehensive training which is beneficial especially if you're new to real estate

    ConsMost of the leads are not solid.

    Advice to Senior ManagementEmphasis on lead generation ensuring that leads forwarded to agents are verified and good

    No, I would not recommend this company to a friend

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    • Culture & Values
           
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    A great group of people interested in everybody winning

    Associate Broker (Former Employee)
    Salt Lake City, UT

    Pros- Steady leads
    - Great personal support
    - Positive training

    Cons- Not well-known yet
    - Going through industry pains
    - Commission split varies per locale

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    • Culture & Values
           
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    Headquarters- Okay

    Anonymous Employee (Current Employee)
    Emeryville, CA

    ProsGreat work-life balance
    The coworkers
    Always trying to improve processes
    Very relaxes environment
    Very flexible in terms of wanting to cross train

    ConsNot challenging enough
    Not enough workload
    Need more department get together
    Not enough perks compared to many Bay Area companies

    Advice to Senior Managementget rid of people that aren't motivated
    Advance the employees that are wiling to go above and beyond and always looking to improve

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    A tremendous place to learn and gain support in real estate.

    Realtor (Current Employee)
    Austin, TX

    ProsTechnology and support. Team work

    ConsCommission splits are too low

    Advice to Senior ManagementIncrease commission splits.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    1 person found this helpful  

    Don't do it

    Realtor (Former Employee)
    Newport Beach, CA

    ProsFree lunches, nice people, and good training.

    ConsPerhaps 10 years ago, Ziprealty was a place a realtor could make money. Now with the existence of Zillow, Trulia, Realtor.com, and Redfin, it is not. When hired Ziprealty ensures you that you will be getting plenty of leads to do business with. This is true, but the problem is people on the website aren't necessarily looking to buy or sell a home, they are mostly browsers that DONT want to hear from you.. I worked the system diligently for 6 months and wasn't able to close a single deal. Ziprealy also takes a big chunk of the commission in exchange for access to the people that are online with them. After a month or two of being there, management then stresses to work your "Sphere of influence". If I had I spear of influence, I would work for another broker that pays a much higher commission. Trust me, if you decide to work here, you will go broke if you don't have money for at least one year. Lastly after being here for a few months, I figured out that out of 65 agents, literally about 4 of them are exceeding 6 figures annually. Also notice that they are constantly hiring because of huge turnover. Zip is also constantly hiring so they can get knew agents to maybe list or sell a home to a friend or relative.

    Advice to Senior ManagementBe honest about the quality of leads you provide your new hires in the interview process and set realistic income expections for the first year, which is you may close 2-4 transactions with giving up a large chunk of commission to Ziprealty.

    No, I would not recommend this company to a friend

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    1 person found this helpful  

    Work hard and make ZIP

    Realtor (Former Employee)
    Phoenix, AZ

    Prosnew realtor training if you have no experience

    ConsThey treat you like a salaried employee but you get no salary and a tiny percentage of the commission because the company takes over 60%.

    Advice to Senior ManagementYou have many salaried employees making 6 figures but you expect the realtors to live on 20-30k. Stop it
    The ceo outright lied to me in a large group meeting when I asked if by negatively changing the compensation plan we would at least be guaranteed to keep the leads we had, 6 months later they started taking the leads away.

    – I'm not optimistic about the outlook for this company

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    • Culture & Values
           
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    Great place to work

    Anonymous Employee (Current Employee)

    ProsAlways-evolving, fast-paced and fun
    Co-workers really feel like a family
    Good work/life balance is supported

    ConsSometimes communication between upper management and employees is not great

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Glassdoor is your free inside look at ZipRealty reviews and ratings — including employee satisfaction and approval rating for ZipRealty CEO Charles C. (Lanny) Baker. All 53 reviews posted anonymously by ZipRealty employees.