ZipRealty - Agents work really hard at decreased commissions to pay corporate salaries in Emeryville | Glassdoor
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Helpful (1)

"Agents work really hard at decreased commissions to pay corporate salaries in Emeryville"

StarStarStarStarStar
  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Realtor in Seattle, WA
Former Employee - Realtor in Seattle, WA
Doesn't Recommend
No opinion of CEO

Pros

If you are brand new to the business, you may get a few leads. Because there is a 20% rebate in most of Zip's markets, some people will close deals with Zip agents based on that savings alone, so there is a motivation to use Zip Realty for some people.

Cons

Confusing and misleading tiered commission structure - new agents will receive about one third of the total commission, with the rest going to the company, with no annual cap.
Commission splits are so low that many agents are new or only part-time -- large turnover
Most of agent commission dollars go to large salaries and bonuses for corporate officers and Emeryville staff.
Recruiters promise new agents a large number of leads per month in order to get them to sign on; true number of leads is usually much less than that,

Advice to Management

Zip no longer has the competitive edge that the website once provided, nor does the main office appear to respect the hard-working agents who pay their salaries. They started years ago with a unique idea (having employee status with benefits) and have since morphed into a less-than-average real estate company paying less-than average commissions while advertising a generous lead program that is, in many cases, grossly overstated.

Other Employee Reviews for ZipRealty

  1. Helpful (1)

    "Tied to a desk unless you actually got a good lead"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Sales in Dallas, TX
    Former Employee - Sales in Dallas, TX
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Great Website, very informative and easy use.

    Cons

    Website abuse is to easy. Customers place phony info.

    Advice to Management

    Improve comm. splits


  2. Helpful (1)

    "Working 50 hours a week"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Realtor in Miami, FL
    Current Employee - Realtor in Miami, FL
    Recommends
    No opinion of CEO

    Pros

    TONS of leads, excellent training, the best realtor website out there to catch leads. YOU HAVE TO HAVE TO HAVE TO do the seller listing program to get the seller leads to balance out the buyer leads and have a steady income cant only work with buyers,

    Cons

    The split is going to kill what you make. On a $4100 commission I made $1800 take home.

    Advice to Management

    HIGHER SPLITS!

There are newer employer reviews for ZipRealty
There are newer employer reviews for ZipRealty

See Most Recent

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