Stay away from the sinking ship! - Real Estate Agent Rapid Realty Employee Review

2.0
21 Apr 2018
Recommend
CEO approval
Business outlook

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)

Explore other reviews about Rapid Realty

5.0
18 Dec 2023
Recommend
CEO approval
Business outlook

Pros

Everyone was kind. Instructions were clear

Cons

Sometimes there would be angry costumers

1.0
16 Jan 2018
Recommend
CEO approval
Business outlook

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.

3
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