Marcus & Millichap Reviews

Pros

Management, Salary, Ownership, Clear, Concise

Cons

Nothing to think of for cons

Pros

Flexibility Short and fast Entrepreneurial

Cons

Workload Deadlines Egos Competitive Dynamic Dog Eat Dog

Pros

Excellent Agent Training program for new agents

Cons

The commission splits can be unfair

Pros

Great place to learn about commercial real estate.

Cons

If you’re a broker - unlimited growth potential. If you’re staff, are very few opportunities for advancement.

Pros

Good entry level job when getting into real estate

Cons

Would give you a phone and not much guidance

Pros

Large org with connections, nice office, etc.

Cons

corporate culture, suit/tie, sales org so lots of bro-ish finance culture.

Pros

Good medical benefits and decent PTO Good work/life balance

Cons

Extremely low pay Under-appreciated even after 5 years. They only increased the pay because it was mandated by the state. Under staffed. They make you do double or even triple the work due to the high turnover. No extra pay/incentive. The bonus at the end of the year is 0.18% of your yearly pay. Just don't work here.

Pros

-Long term you could possibly, maybe, potentially, if your lucky make a ton of money -it is really just how hard you work -if you can work 10 hours and weekends for 3 years for no pay you will be very successful - you do learn a lot about commercial real estate - its basically a frat house enviorment which is cool if your into that. - a couple guys in each office make 7 figures and then there is a huge dropoff but it can be done after like 10 years

Cons

- you have to make 300+ cold calls a week, which is just as bad as you could imagine - the support staff are all underpaid so they don't work as hard or care as much as the brokers - You dont get any salary but they hire random people to do "marketing" and interns. so they pay other people but not the brokers working 12 hours days lol. company also has hundreds of millions in cash on hand but doesnt pay any of the brokers - dont forget your not emplyee!! your an independent contractor. so no salary and no benefits -training groups are usally around 10 people. 5 will quit within 3 months. 2 will quit within 10 months. the other will quit after a year. then 2 will make it through. one will be succful and the other will make 50-80 grand for the rest of thier life while working insane hours - they give no listings, no leads, no buyers or a database. you have to make the entire database, so you just scour the internet for phone numbers for 3 months with no pay. - they have brokers in the same office work in the same markets so you compete with people you sit next to. - even if they give you a lead, it will be overpriced and unsellable. so you waste 6 months working on a deal for no pay. if its a sellable deal the seniors keep it for themselves - its pretty cut throat enviroment, which is fine but after a while its annoying because you arent getting paid. - good luck trying to get a differnet job and in the job interview you have to explain that you were a real estate broker. - meetings cancel all the time. they say the proposals you do will sign with you eventually but theres no way of knowing when/if they will. lots of leads get sold off market or on open listings. they dont let you work open listings - its incredible how much time you waste on pointless meetings and other nonesense all without getting paid - you have to pay for your own computor, travel, property shark, monitors. you need a few grand to startup and then need to go 2 years without a check. - good luck buying a house and getting a mortgage, or paying for a kids college or any major expense when you have no idea where your next paycheck is coming in. so many deals fall through. the only way to do it is to last 10 years and build a team under you so they can waste all thier time building relationships and you just tag along when things are actually good leads. thats what the senior agents all do and they make bank. younger kids come and go so quick but they get replaced quickly