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New Western Reviews

42 reviews

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Full-time Part-time

4.3
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Andrew Welker
24 Ratings

42 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 6 reviews)

  • The work environment that is created in each office pushes the associates to be their absolute best day in and day out (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. Featured Review

    "The Best Job Opportunity I Could've Asked For"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Recruiter in Bala Cynwyd, PA
    Current Employee - Recruiter in Bala Cynwyd, PA
    Recommends
    Positive Outlook

    I have been working at New Western full-time (Less than a year)

    Pros

    Here's everything you need to know about working for New Western Acquisitions:
    Professionally, you will benefit from flexible work hours, second-to-none training, amazing leadership that's paired with positive motivation, and unlimited income potential. Personally, you will grow, build life-long friendships, and enjoy a creative and fun work environment. I can say with complete honesty that this job is the greatest opportunity that anyone could hope for.

    Cons

    A fast-paced work environment can result in stress, but it's 100% worth it to work with such an innovative and supportive team.

    Advice to Management

    Keep it up. You're truly amazing.


  2. Helpful (6)

    "Employee beware"

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

    I worked at New Western full-time (More than a year)

    Pros

    Most of the reviews are from current employees, who have not figured out the company yet. Atmosphere can be fun if you enjoy partying and a young frat atmosphere.

    Cons

    High turnover, management is all over the place, company only hires males for acquisitions and sales jobs. Like other reviews have mentioned, make sure you have money prior to working for this company. It takes about 3 months to start averaging $2,000 monthly.

    The company starts you off making 12% commission (which seems great) but its only great for management. Another reason why turnover is high.

    Advice to Management

    Don't require employees to attend meetings if they are considered a w-9 contracted employee.

    New Western Response

    Dec 4, 2015 – Recruiting Manager

    Thank you for taking the time to write this review. We definitely like to make sure we have a fun office culture so associates will want to come to the office instead of working from home. Many of ... More


  3. Helpful (6)

    "New Hire Beware"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Real Estate Agent in San Antonio, TX
    Former Employee - Real Estate Agent in San Antonio, TX
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at New Western full-time (More than a year)

    Pros

    Unlimited earning potential. If you already have lots of experience in the real estate business, then you should be fine. Lots of flexibility. You really are your own boss.

    Cons

    College grads beware! If you are new to real estate, then life is going to be very hard for you. I came into NW with very little experience, and I was met lots of stress and brokers who could care less. Bottom line: the brokers, AKA NW, profit by everything that you do. BUT, you do not profit unless you can successfully bring in new clients. The brokers will pretend like they are your friend, while they could secretly care less about you. They only want the profits that you will give them. basically, the system is designed to give the broker, owners, and acquisitions team 88% of the profits, leaving you with 12%. Of course, the more sales you get the higher percentage income you receive as well. I was treated very poorly by my broker. He seemed great at first, but later on down the road I ended up hating him.

    Advice to Management

    Design a better training system for new hires. Make sure that new hires are given confirmation earlier in the hiring process, instead of having them go out and spend money on a real estate license before confirming that they are hired.

    New Western Response

    Dec 4, 2015 – Recruiting Manager

    Thank you for taking the time to express your concerns in this review. I’d like to address your concerns in this response. Our recruiting department is a bit confused by this review as we haven’t ... More


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  5. Helpful (3)

    "I was never paid"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Investment Advisor in Denton, TX
    Former Employee - Investment Advisor in Denton, TX
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    You will be introduced to wholesaling, which can be done on your own.

    Cons

    I will be suing this company for their inability to pay my commission on a transaction I completed.

    Advice to Management

    Pay your employees when they earn their commission.

    New Western Response

    Dec 4, 2015 – Recruiting Manager

    Thank you for taking the time to share your thoughts. I’d like to start by addressing the pros. Yes, you are introduced to wholesaling, but you also have to keep in mind that you are being trained by ... More


  6. Helpful (8)

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

    Star Star Star Star Star
    • 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


  7. Helpful (5)

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

    Star Star Star Star Star
    • 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


  8. Helpful (7)

    "Frat Like Atmosphere -- Can Learn A Lot"

    Star Star Star Star Star
    • 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


  9. Helpful (11)

    "Serious EOE problem in the sales department"

    Star Star Star Star Star
    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.


  10. Helpful (3)

    "Sales"

    Star Star Star Star Star
    • 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.


  11. Helpful (24)

    "Great place to learn but no real long term career opportunity"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior ACQUISITION AGENT in Dallas, TX
    Current Employee - Senior ACQUISITION AGENT in Dallas, TX

    Pros

    You will learn how to sell and learn a lot about investing in real estate. There is a lot of turnover so you meet a ton of new people and you can move up quickly! The whole company gathers at the end of each quarter to listen to senior management tell everyone that greatness is on the horizon and that everyone is about to make a ton of money but those promises tend to fall short. Don’t get me wrong, there are some top performers that might make a few bucks but most of the employees are just under the impression that they are making decent money. If you stay focused on the learning aspect and pay little attention to all of the Hooplah you will be fine. Please don’t go spend your first few paychecks on a nice watch no matter how much pressure there is to do so.

    Cons

    I was with the company for years and was considered a senior associate/ top producer. The compensation is minimal (nowhere close to $250,000 as stated below) even for a senior associate. You can expect to make $15,000 - $25,000 while in sales and $30,000 - $70,000 in acquisitions depending on the branch and your talent level (very few have earned more). You will be responsible for all marketing and lead generation. 99% of your marketing will be putting bandit signs on the side of the road and taking phone calls. The bandit signs are illegal but the company will pay for your tickets ( most of the time). Be prepared to use a substantial amount of gasoline and put thousands of extra miles on your vehicle with no reimbursement from the company.

    Advice to Management

    This website is for current and former employees to submitt an honest review of your company, so that job seekers can get an accurate picture of what they should expect. Please respect the integrity of the site by not posting anymore reviews from current senior mangement.


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