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New Western Reviews

5 reviews

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2.0
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Andrew Welker
2 Ratings

5 Employee Reviews

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Pros
  • New Western is a great company to work for, it is a fast paced environment that will teach you all you need to know about investment real estate (in 7 reviews)

  • The work environment at New Western is unmatched (in 6 reviews)

Cons
  • 100% commission - if you struggle you don't eat (in 8 reviews)

  • The job is competitive and commission based (in 5 reviews)

More Pros and Cons

  1. Helpful (4)

    "Sales"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Sales/Acquisitions in Fort Worth, TX
    Former Employee - Sales/Acquisitions in Fort Worth, TX
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    New Western teaches you the ropes about investment real estate, mainly the wholesaling side. They teach you the basics of selling and rehab. Good job if you are good with people and don't have a problem cold calling.

    Cons

    No benefits. Work solely of of commission and the splits are small. Management takes the lion share. If you can't sell more than 3 properties a month, not wort working there.

    Advice to Management

    Look into providing benefits..... With the amount of driving employees do, it could come in handy. Also, some of the houses aren't exactly safe.


  2. Helpful (5)

    "Lots of work with little pay, but you learn a lot"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Acquisition Agent in Bedford, TX
    Former Employee - Acquisition Agent in Bedford, TX
    Doesn't Recommend

    Pros

    Lots of transactions create a lot of learning opportunities
    Great people and fun environment
    Easy to create own work schedule

    Cons

    The pay is really low for what they are asking the employees to do
    The management constantly changes things
    For a straight commission job there are too many requirements

    Advice to Management

    The pay is really low for what they are asking the employees to do
    The management constantly changes things
    For a straight commission job there are too many requirements

  3. Helpful (8)

    "If you have money in the bank to live off for a year... try it"

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

    Pros

    young atmosphere, laid back, nice office

    Cons

    poor training... need a draw program, tired of putting up yellow signs, no reimbursements, poor ethics, overall i wouldnt invest or work there

    Advice to Management

    train better


  4. Helpful (11)

    "Serious EOE problem in the sales department"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    Potential to be a good job and learn a lot about real estate....if you are a male.

    Cons

    Although New Western is a good company, they have a serious EOE problem. Look through the pictures of the company on this site...notice anything strange about them? Like the fact that it's almost 100% men? If you are not a man, you will not get a job in sales, period. The only women that work for the company seem to work in recruiting/HR. This is very, very strange considering real estate has traditionally been a more women-centric industry. Just watch the YouTube video on the now hiring page of their website, it's the most hilariously sexist thing I've ever seen. Not a single sales agent portrayed in the video wasn't a white man, and the only female portrayed was a receptionist. The whole video the agents are talking about how they're always willing to help the new "guy" of the office, always using masculine pronouns to describe their co workers.

    Advice to Management

    Get in the 21st century and hire some female sales agents to bring a little equality to this sausage fest.


  5. Helpful (8)

    "Frat Like Atmosphere -- Can Learn A Lot"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    Pros

    New Western is definitely a fun place to work, the typical office is full of young guys that are close friends. With a 100% commission job you are allowed to make your own hours and determine your pay. You have a lot of flexibility with your hours, and can take time off whenever you want. You have to be a hard worker and be able to pick up on a lot of information fast, but you learn a TON about the industry. A couple people in each office are making six figures, and there is always the possibility of selling a couple big deals and making some quick cash. They try and make it a real "wolf of wall street" environment. They have a very aggressive business plan, and since they pay straight commission there is very little overhead and are constantly opening new offices. Have fun happy hours and company outings.

    Cons

    It is tough to make much money with this job. The top earners in the sales department won't make anywhere near the "$100k +" that they advertise. The commission cut is very weak, with the company taking a huge amount. There is a HUGE amount of turnover, as new sales agents come and go very often. Starting out can be difficult, and few people make much money the first couple months. You will need to have some money saved up to start. There are also no benefits. The company doesn't have the best reputation with people familiar in the industry, so that can be a tough hurdle to overcome with the serious knowledgable buyers out there. There are some tenured people in all of the offices, and they are the ones who make all of the money. There are people in each office who make six figures, but they have all been with the company for a while or were handed great leads. With it being 100% commission there is a lot of competition within the office to make sales, and the senior associates work together because they are friends, so it can be tough to break in.

    Advice to Management

    Pay new sales associates better... Provide more intensive training to help new employees get there feet off the ground.

    New Western Response

    Jun 10, 2015 – Recruiting Manager

    Thank you for taking the time to write this review. I’m glad that you were able to learn a lot during your time here at New Western Acquisitions. We pride ourselves on the training that each... More


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