Mission: IREA’s mission is to provide its clients with the best personalized representation, coupled with state of the art market knowledge and expertise. This is accomplished by our unique system of area and product specialization where each advisor is thoroughly knowledgeable ...
I worked at Investment Real Estate Associates as a contractor (More than 3 years)
I worked at IREA for 4 years, and eventually left the industry, not because of the firm, but due to other opportunities that were more suited to my interests. I had a very successful career with IREA and learned a lot from the upper management and senior agents, helping me to advance in the industry. Despite having abundant success as well as receiving numerous awards and recognitions from inside and outside the firm, the business itself wasn't to my liking. Had I remained in the industry I would have stayed with IREA due to the amazing co-workers and team-like environment where we shared deals instead of keeping them all to oneself like in other firms. At times I had disagreements with the broker, and we would arm wrestle over practices. If I was able to prove my point, he would acquiesce. I often went “outside the box” and was able to pursue my personal business plan with guidance and support from the broker. I would recommend IREA as a great firm to start with. It is a tough industry, but the management trains new agents well and partners them with senior agents to help guide them on to success.
Commercial real estate is tough no matter what firm, and IREA is no different in that regard. Be prepared to go months without a paycheck, and work your tail off farming clients and leads. There are deals to be had by those willing to put in the effort with a positive attitude and integrity.
Advice to Management
Be open to new ideas.
The process took 1 day. I interviewed at Investment Real Estate Associates (Los Angeles, CA) in June 2011.
I had a meeting with the President of the company after a brief phone interview to go over my background. During the interview, I discovered that working as an associate with IREA requires the candidate to go through training (unpaid) and begin working (commission only) for as long as 6 months before reasonably expecting an income. When the interviewer began telling stories of young associates sleeping on couches of friends in order to work at the company before going on to make millions selling investment real estate, I had heard enough.
Reasons for Declining
There is no base salary and a required, full-time training period that is also unpaid. Clearly they do not take potential employees, nor themselves very seriously.
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