Lyon Real Estate Reviews

4.2

91% would recommend to a friend

(45 total reviews)

Pat Shea

94% approve of CEO

72% positive business outlook

Lyon Real Estate has an employee rating of 4.2 out of 5 stars, based on 45 company reviews on Glassdoor which indicates that most employees have an excellent working experience there. The Lyon Real Estate employee rating is in line with the average (within 1 standard deviation) for employers within the Real estate industry (3.8 stars).

Reviews by job title

45 reviews
1.0
4 May 2017

Terrible Company!

Recommend
CEO approval
Business outlook

Pros

Other agents and company events.

Cons

Commission Spilt, Escrow Fees, E and O insurance, technology fees, and mentorship fees. You also get charged over 1,000 bucks if you leave before the first year. A lot of agents who are closing deals are forced to take another job if Lyon won't readjust their commission split or fees. Management is horrible and inappropriate. If you leave they will delete your email and all other important information from your transactions. They will steal your database and market to them with another agent. They will charge you for not participating in events so they can force you to go even though legally you aren't an employee. Also, most people in the Sacramento region love to joke about the infamous former CEO who just got sent back to prison.

3.0
1 Oct 2014

Off Track.

Recommend
CEO approval
Business outlook

Pros

The company has some very kind and inclusive agents. If you are an agent that enjoys the emotional support of a big group of agents to discuss the trials and tribulations of your career this may be a good fit for you. The highly productive agents with many years in the company get excellent treatment.

Cons

1) Below average tools. 2) spotty existing agent training and expensive new agent training. 3) High fees. 4) One of the lower per agent productivity numbers of any large company. 5) They advertise the company name a lot but not the agent. 6) The continuing Mike Lyon mess and the client questions it brings up. It is no longer a family run business. The new corporate leadership bills their adoption of the latest tech as a selling point but never mentions that in most cases their off the shelf changes can be purchased by any person/agent for a few dollars a month (much less than the high tech fees would indicate).. That means monthly roll out programs of technology which is time consuming to learn and implement and is often less effective than the previous technology. Their technology might be current but is much cheaper than the quality tools typically of the companies family run agent first history.

3.0
7 Jan 2014
Recommend
CEO approval
Business outlook

Pros

They are organized, I'll give them that. You get updates on Real Estate activity, that's good too. You feel like you are working for this "wonderful professional place..."

Cons

Don't go there if you are new. You are charged the same to work for Lyon's as they charged their employees during the boom. You literally pay them to work there, and since many agents there have affiliations with other programs that rule the roost here in Sacramento, they force you to join and pay in to Realtor, PCAR, SAR, anything they can get you to fund-and it's not an option. Other companies offer far better deals. Most of the good leads seem to filter their way to the seasoned people (of course right?), including the internet which funnels exactly where they want it to go. There is little incentive to work for Lyon's, and they only make a token attempt at keeping up with new tech. Lot's of older people working there (very old). If you speak out against this company it's sure to haunt you in this market and everyone knows it. Time for a change. You also feel pressured to use their loan company-every week is an attempt at capturing your loyalty for the loan company. When you get around the loan people aside from the show-they don't seem that wonderful. If you did have something bad to say about the business (shhhh!) then you feel you would be ostracized, and you probably would be. Emperor's new clothes.

Viewing 1 - 3 of 45 Reviews

Glassdoor has 57 Lyon Real Estate reviews submitted anonymously by Lyon Real Estate employees. Read employee reviews and ratings on Glassdoor to decide if Lyon Real Estate is right for you.