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    Marcus & Millichap Reviews

    Updated February 16, 2019
    450 reviews

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    3.4
    StarStarStarStarStar
    Rating TrendsRating Trends
    Recommend to a friend
    Approve of CEO
    Marcus & Millichap CEO Hessam Nadji
    Hessam Nadji
    98 Ratings

    Employee Reviews

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    Pros

    • "Potential to make a lot of money if you follow the system" (in 18 reviews)

    • "Great training program and good for building connections in the CRE industry for wherever you may end up" (in 35 reviews)

    Cons

    • "Pay for RE Brokerage is 100% commission and is not for everyone" (in 19 reviews)

    • "You get no money at all and you work very long hours" (in 18 reviews)

    More Pros and Cons
    1. Featured Review

      Helpful (17)

      "Investment Sales Broker"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Comp & Benefits
      • Senior Management
      Current Employee - Anonymous Employee
      Current Employee - Anonymous Employee
      Recommends
      Positive Outlook
      Approves of CEO

      I have been working at Marcus & Millichap full-time (More than a year)

      Pros

      Great training program and good for building connections in the CRE industry for wherever you may end up. (Investor, developer, broker)

      Cons

      Eat what you kill. Earn only what you sell is an environment a lot of people cannot tolerate. If you stick it through a year or two the benefits can be outstanding.

    2. "Good training"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Comp & Benefits
      • Senior Management
      Current Employee - Associate in Miami, FL
      Current Employee - Associate in Miami, FL
      Recommends
      Positive Outlook
      Approves of CEO

      I have been working at Marcus & Millichap full-time (Less than a year)

      Pros

      great for the new guys with money saved

      Cons

      need a years of cash to survive

      3. Join the Marcus & Millichap team
      See Our Latest Jobs

    3. "Great energy"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Comp & Benefits
      • Senior Management
      Former Employee - Agent in San Francisco, CA
      Former Employee - Agent in San Francisco, CA
      Recommends
      Positive Outlook
      Approves of CEO

      I worked at Marcus & Millichap full-time (More than 3 years)

      Pros

      Competitive place with lots of people making a lot of money. Fun environment and overall good culture

      Cons

      You got to want to be in a competitive environment - not for employee type who is looking to get fed

      Advice to Management

      Great place keep recruiting only people that want to win -- keep out the lazy people

    4. "Fun work environment"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      Former Employee - Broker
      Former Employee - Broker
      Recommends

      I worked at Marcus & Millichap full-time

      Pros

      Relaxed Environment
      Great if you want a place with very few rules

      Cons

      You have to have a lot of self motivation to succeed here

    5. Helpful (2)

      "Overpromised and under delivered"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Comp & Benefits
      • Senior Management
      Former Employee - Associate
      Former Employee - Associate
      Doesn't Recommend
      Negative Outlook
      No opinion of CEO

      I worked at Marcus & Millichap full-time (More than a year)

      Pros

      Massive earning potential in the CRE business
      Fun people in the industry

      Cons

      Commission splits are brutal, especially if you work on a team
      No benefits
      Overrated training and marketing materials
      Very little transparency about legal, training, and other fees
      Extremely long hours+weekends if you want to separate yourself
      Building your database takes up more than half your time the first year
      Can only afford to care about yourself, not the company you work for
      Bring your own materials, including computer (zero investment in their agents. For example, you are required to pay thousands of dollars for mandatory training with your first commission check. I wasn't told this until I closed my first deal.)

      Advice to Management

      No advice to management because why would they change anything? They don't pay or invest in any of their agents and just live with the high turnover rate. There's no risk for them when hiring someone. When they do find someone who does well in the business, they take 50+% of their gross commissions... not to mention the fat cut your team will take. That's why you see most successful brokers go to small companies, or start their own. A job in CRE can be very rewarding, but try to find a smaller company that will invest a little bit into you. Makes a world of difference in learning and compensation.

      Also, don't believe the hype that you will be making half a million or a million dollars a couple years into the business. I did, and feel like a naive idiot looking back now. Getting to that level takes years of hard work and sacrifice, and that should've been obvious. Appreciate the people who are realistic with you in this business, because there is a lot of crazy hype.

    6. "M&M Associate"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Comp & Benefits
      • Senior Management
      Former Employee - Associate
      Former Employee - Associate
      Doesn't Recommend

      Pros

      unlimited earning potential and good people

      Cons

      dog eat dog world in the office

    7. "Great firm to focus on investment sales"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Comp & Benefits
      • Senior Management
      Former Employee - Associate
      Former Employee - Associate
      Recommends
      Neutral Outlook
      Approves of CEO

      I worked at Marcus & Millichap full-time (Less than a year)

      Pros

      Large network of dedicated brokers.

      Cons

      It takes time to build your own book of businesses to be successful in the industry.

    8. "run as far away as you can - horrible reputation in city"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Comp & Benefits
      • Senior Management
      Former Employee - Real Estate Broker in Houston, TX
      Former Employee - Real Estate Broker in Houston, TX
      Doesn't Recommend
      Negative Outlook

      I worked at Marcus & Millichap full-time (More than a year)

      Pros

      They give you some tools that are useful

      Cons

      Horrible reputation in the market, peers try to steal your information, low quality marketing packages compared to competitors, continually harass brokers to make hundreds of calls without a focus on quality so the market is saturated with untrained junior brokers damaging the reputation, culture in the office feels like a morgue, no junior brokers make it.

      Advice to Management

      This office needs a complete reset.....the poor reputation is so ingrained in the Houston investment community over years of bad hires / poor brokers / no training that this office is screwed for a long, long time.

    9. "Work Hard"

      StarStarStarStarStar
      Former Employee - Anonymous Employee
      Former Employee - Anonymous Employee

      I worked at Marcus & Millichap full-time (More than 3 years)

      Pros

      Unlimited Potential and great opportunity

      Cons

      Long hours and all commission

    10. "awful managment"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Comp & Benefits
      • Senior Management
      Former Employee - Associate in San Diego, CA
      Former Employee - Associate in San Diego, CA
      Doesn't Recommend
      Neutral Outlook
      Approves of CEO

      I worked at Marcus & Millichap full-time (More than a year)

      Pros

      Fun office environment, decent training

      Cons

      Bad management, no benefits, Do not care about employees

      Advice to Management

      Be proactive, care about your employees