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Marcus & Millichap

Engaged Employer

Marcus & Millichap

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Marcus & Millichap Reviews

Updated Jun 28, 2022

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Found 783 of over 923 reviews

3.4
59%
Recommend to a Friend
88%
Approve of CEO
Marcus & Millichap CEO Hessam Nadji
Hessam Nadji
245 Ratings
Talk anonymously with Real Estate professionals

Top Review Highlights by Sentiment

Pros
Cons
  • "Position is commission only (pretty normal at most brokerages though so not a big deal.)(in 50 reviews)
  • "no salary at all and only commission based and can go a long time without making a paycheck(in 42 reviews)
  • "No benefits package(in 27 reviews)
  • "The management is terrible.(in 23 reviews)
  • "It is often thankless and the hard work and long hours are not really worth it.(in 20 reviews)
Pros & Cons are excerpts from user reviews. They are not authored by Glassdoor.

Ratings by Demographics

This rating reflects the overall rating of Marcus & Millichap and is not affected by filters.

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  1. 5.0
    Current Employee

    Very Good Experience

    Jan 11, 2022 - Manager in New York, NY
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Management, Salary, Ownership, Clear, Concise

    Cons

    Nothing to think of for cons

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  2. 4.0
    Current Employee, more than 1 year

    Commercial Real Estate Marketing Coordinator Salary

    Jun 23, 2022 - Marketing Coordinator in Encino, CA
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Flexibility Short and fast Entrepreneurial

    Cons

    Workload Deadlines Egos Competitive Dynamic Dog Eat Dog

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  3. 4.0
    Current Employee, less than 1 year

    Good Company

    Jun 23, 2022 - Sales Associate 
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Excellent Agent Training program for new agents

    Cons

    The commission splits can be unfair

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  4. 4.0
    Current Employee, more than 3 years

    Good Company but different for every office

    Jun 17, 2022 - Associate in Los Angeles, CA
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Current management is really helpful Awesome team structure (in my experience anyway, your mileage may vary) Your very own work schedule

    Cons

    They try to sell you the big dream when most won't reach it

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  5. 3.0
    Current Employee

    Good place to get your feet wet in CRE

    Jun 25, 2022 - Anonymous Employee 
    Recommend
    CEO Approval
    Business Outlook

    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.

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  6. 3.0
    Former Employee, more than 1 year

    Good People

    Jun 21, 2022 - Anonymous Employee 
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Good entry level job when getting into real estate

    Cons

    Would give you a phone and not much guidance

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  7. 3.0
    Current Employee

    Super corporate culture

    Jun 20, 2022 - Investments Analyst 
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Large org with connections, nice office, etc.

    Cons

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

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  8. 2.0
    Former Employee, more than 5 years

    Too many cons to count

    Jun 8, 2022 - Anonymous Employee 
    Recommend
    CEO Approval
    Business Outlook

    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.

    1 person found this review helpful
  9. 2.0
    Former Employee, more than 5 years

    Okay place if you can get ahead

    Jun 8, 2022 - Corporate in Calabasas, CA
    Recommend
    CEO Approval
    Business Outlook

    Pros

    The work is exciting and fulfilling.

    Cons

    Environment is cut-throat, there is little engagement, and growth opportunity.

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  10. 2.0
    Current Employee

    good luck lol

    Jun 5, 2022 - Real Estate Broker 
    Recommend
    CEO Approval
    Business Outlook

    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

    2 people found this review helpful