Rapid Realty Reviews | Glassdoor

Rapid Realty Reviews

Updated October 4, 2016
19 reviews

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Full-time Part-time

2.5
Star Star Star Star Star
Rating Trends Rating Trends
Recommend to a friend
Approve of CEO
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Anthony Lolli
11 Ratings

19 Employee Reviews

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  1. "Broker"

    Star Star Star Star Star
    • 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


  2. "Snap back to Reality"

    Star Star Star Star Star
    • 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)


  3. "Stay far away....."

    Star Star Star Star Star
    • 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.


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  5. "Exports"

    Star Star Star Star Star
    • 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.


  6. "Licensed Sales Person"

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

    I worked at Rapid Realty full-time

    Pros

    Good Community & Training & Software

    Cons

    Sleezy at times, lack of communication between franchises

    Advice to Management

    Connect franchises more


  7. "Lots of time. Little money."

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

    I worked at Rapid Realty (More than a year)

    Pros

    Flexible schedule. Cool people to work around.

    Cons

    You spend an entire day taking people around looking for apartments. Most of them can't decide on one. The rest of them are unqualified. By the time you know it, you've spent a whole day burning gas to spend the evening planning to do it again for the next day. Sometimes you may get lucky and rent an apartment and gain commission for a couple of days worth of work. The only way to really get paid is to start your own franchise and get paid from other people's work.

    Advice to Management

    Get a better system together to approve applications.


  8. "Rental Agent"

    Star Star Star Star Star
    • 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.


  9. "Good place to learn about real estate"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Broker in Brooklyn, NY
    Current Employee - Broker in Brooklyn, NY
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I have been working at Rapid Realty full-time (More than 5 years)

    Pros

    You have know to hustle

    Cons

    No exclusives , brokers and franchisees have so little faith in their own company that they hire outside realtors to sell their properties.

    Advice to Management

    Get more exclusives and have more faith in your company.


  10. "If you aren't hungry and ambitious don't apply here!"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Office Manager/Realtor
    Former Employee - Office Manager/Realtor
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

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

    Pros

    Possibility to make more money than you would at other broker firms.
    No desk fees
    seminars and workshops to improve skills
    dedicated brokers to help you be great
    flexible schedules

    Cons

    you have to earn a better paying percentage by selling/renting more.
    If you dont always have a dedicated broker. Some brokers don't care or aren't prepared to help you be great agents. Some brokers know barely more than the agents.


  11. "Great way to get a Cheap start in Real Estate!!!"

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

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

    Pros

    Young, fun, and exciting company for real estate newbies! Fast-paced and competitive. Gives you a "Wolf of Wall Street" feel when you land deals. If you have a great broker, they constantly broadcast your successes across the country and make you a role model for others to follow. You become a Super Star!

    Cons

    Shark tank mentality among co[workers, and salespersons are often pitted against each other. Varying work place environment from office to office because each office is a separately run franchise. Lots of miscommunication between franchisees, salespersons and management. High attrition rate. Here today, gone tomorrow!

    Advice to Management

    Offices need to be managed properly and while being competitive is good, it needs more of a team environment so turnover isn't so high



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