Rapid Realty Reviews | Glassdoor

Rapid Realty Reviews

Updated April 21, 2018
24 reviews

Filter

Filter

Full-timePart-time

2.3
StarStarStarStarStar
Rating TrendsRating Trends
Recommend to a friend
Approve of CEO
(no image)
Anthony Lolli
14 Ratings

24 Employee Reviews

Sort: PopularRatingDate

  1. "Rental Agent"

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

    I worked at Rapid Realty (Less than a year)

    Pros

    This truly is an amazing company to work for. Remember that diligence is the key to success. Office training and one on one training sessions are always available

    Cons

    No cons to be mentioned at the moment.


  2. "Stay away from the sinking ship!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Real Estate Agent in Brooklyn, NY
    Former Employee - Real Estate Agent in Brooklyn, NY
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Rapid Realty full-time (More than 3 years)

    Pros

    Get your license for free.
    Make your own schedule.
    The trainings are informative.

    Cons

    -Shameful that you most times have to compete with other agents from the same company in different offices for the same listings.
    -Getting key access is terrible!! You may have to travel across town to get a key from another office and hope its there when you get there meanwhile putting you further away from the apartment you are trying to show.
    -The trickery and spiel the top brokers like Ricco give are laughable when you are aware and can see right thru his BS.
    -Revolving door of agents and the unprofesssionalism is very telling of the company.
    -Bottom of the barrel Real Estate company with low quality listings.
    -Commission splits are terrible. You max out at 40% but must have a certain amount of closed deals to maintain it.
    -The worst is the company trying to convince you to get a RR tattoo to become platinum for life mind you the CEO Lolli once promised to get his own company tattoo after the 100 person. That never happened and I guess he thinks no one remembers that since the agent turnover is so frequent.
    -Mounting lawsuits from Franchisees and partners. (You can google it)

    Advice to Management

    Just throw the whole company away!! Its the 99 cent store of Real Estate companies.
    PS. I'm not a former disgruntled agent. Just someone finally came out the Rapid fog to see how real Real Estate is done with a professional company.

  3. "Puts management first, agents and customers last"

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

    I worked at Rapid Realty full-time (More than a year)

    Pros

    Let's be clear, it is absolutely possible to make a great living as an agent at Rapid Realty. Their system breaks up each deal into distinct pieces and allows you to focus on the pieces that play best to your personal strengths. If you want to handle each of your deals entirely on your own, you can. If you just want to show apartments or handle lease signings, you can do that, too. If you are self-motivated and don't need a lot of guidance, support, or infrastructure to get out there and hustle day after day, then you can do very well here.

    Cons

    The company talks a lot about the support it gives its agents, but it doesn't amount to much of anything. You're basically on your own, and the company will find just about any way to leach off your work. Expect nothing for free. The company will not make any investment in your success. Even the ability to access the company's database from out in the field--essential for real estate agents these days--will cost you a steep monthly fee. The only real form of advancement is to open a Rapid Realty franchise, and once you hit a certain level, there can be a lot of pressure to do that whether it's the right move for you or not.

    Advice to Management

    Focus on talent development. Don't give a franchise to just anyone who shows up with a big enough bank account. There needs to be support for agents at the management level. And the same can be said for hiring agents. It's great to give a chance to anyone who wants one, but the reputation of the company becomes an obstacle to overcome when you'll put absolutely anyone out there as a representative of the company including people who treat customers terribly because they have no customer service experience and receive no training.


  4. "Agent"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Brooklyn, NY
    Current Employee - Anonymous Employee in Brooklyn, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Rapid Realty full-time (Less than a year)

    Pros

    None- bunch of nobodies around trying to such ur broker money

    Cons

    Very low percentage of brokerage fees, they expect u to pay desk fees and get no help from the company, while they make 60-40% off your deals. FOR NO REASON. And they try to cut your money even more. Very indirect rules about perctanges... the cooler you are with your broker the more he pays you... for no reason. Little to no qualification with the actual job is the basis for pay and comission.

    Advice to Management

    If you’re lucky and your broker likes you— they will pay you for your own work- otherwise u have to have several conversations about your money


  5. "Worst Place To work at. Rather be at Mcdonalds honestly. at least they pay!"

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

    I worked at Rapid Realty full-time (Less than a year)

    Pros

    You make your own schedule.
    You get to meet a lot of positive people like Scott
    You can learn to change your mindset and be focus on your goals through books, but you don't need to be working with them to read those books

    Cons

    They only care about adding more agents and Franchisees to increase their payout at the top.
    They don't care if you left everything to work with them, they still make the money.
    And whenever you make some money they will keep from 75 - 60% of your commission.
    If you want decent payiout you have to tattoo their logo....
    or spam all your social medias with their company and how great is to work there.
    They just want all this free marketing from their agents.
    Pay 200$ a month for subcrition to website even If you don't make anything.
    They sell dreams about how much money you can make per month without been realistic or having a way to prove it.
    I went in the system payout, no agent was making 4K per month.

    Advice to Management

    Do Not Play with people's Life
    You tell people to leave their job without thinking how hard is for them to get some food. But of course, You guys making "money moves" at the expense of other's people, putting them on bigger debt with those Franchise.
    Charging way more than even Century 21.... Please.....


  6. "Review"

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

    I have been working at Rapid Realty full-time (More than 3 years)

    Pros

    All aspects of real estate made easy

    Cons

    I have no comments for cons
     Thank you


  7. "Broker"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Real Estate Agent in Brooklyn, NY
    Current Employee - Real Estate Agent in Brooklyn, NY
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Time Management & Atmosphere is optimal to freelancer

    Cons

    Professionalism and commission split can be better

    Advice to Management

    go public

  8. Helpful (2)

    "Snap back to Reality"

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

    I worked at Rapid Realty full-time

    Pros

    Having the option to work out of any of their many locations

    Cons

    - Never liked the idea of having to tattoo their logo just to get the large percentage of the commission
    - Some of the other offices were non-cooperative when trying to show apartments

    Advice to Management

    Have some sort of program I'm place to help those new to the company (i.e.: shadowing, seminars, etc)


  9. Helpful (3)

    "Stay far away....."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Brooklyn, NY
    Former Employee - Anonymous Employee in Brooklyn, NY
    Doesn't Recommend
    Disapproves of CEO

    I worked at Rapid Realty part-time

    Pros

    You can get your license for free. That's all.

    Cons

    Not ethical.
    No exclusive listings.
    Commision is a joke.
    A lot of sleezy work being done by brokers.

    Do yourselves a favor and do some research, there are far better firms that will give you great training and the tools needed to become a successful agent.

    Advice to Management

    A 101 course in business ethics and professionalism.


  10. "Exports"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Real Estate Agent in Brooklyn, NY
    Former Employee - Real Estate Agent in Brooklyn, NY
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    The best experience I've had is having my real estate classes and licensure covered by my broker.

    Cons

    There were a lot of hungry salespersons. It took me while, but I realize a lot of illegal activity occurred.

    Advice to Management

    Monitor each individual agency. A salesperson doing shady business can reflect on the company as a whole.


Showing 24 of 30 reviews
Reset Filters