Marcus & Millichap Salaries, Bonuses and Benefits.

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Host

What are the average starting salaries, bonuses, benefits and travel requirements like at Marcus & Millichap?

What do you like best about working at Marcus & Millichap? Are there any great perks or special treats for employees?

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If your smart don't do it in Houston, Texas

94 months ago

Dont DO IT!!!! This company is AWFUL!!!!

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Renee Wallace in Alameda, California

93 months ago

I agree, this company is awful. They fired me from my contract jobs two days after I asked for a raise. Reduce costs by firing everyone asking for a raise!

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septtembre in Emeryville, California

93 months ago

Can anyone give me anything else to go on? I'm thinking about join the sales team which is commission only.

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Joe in Saint James, New York

92 months ago

I went on a three interviews with this company. I do not like the culture or support here at all. M&M system is plain cookie cutter. My advice is to look in to other commercial firms with a better reputation. Take a good look at the quality of their commercial property listings! They sell a good deal of junk.

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Rick in Beachwood, Ohio

91 months ago

It sounds like the majority of you are looking for a safe spot behind a computer in a cubical. It's the business; you cannot be "soft".

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mh in Austin, Texas

90 months ago

I worked briefly for them and felt like I was in kindergarten again. They are very inflexible and you will more than likely starve until you get your first deal. I know guys there that didn't get their first commission until after 12 months. The Sales Manager was a broker at one time and it took him 18 months for his first deal. Needless to say, he then became a Sales Manager so he could have a base salary and eat rice and beans.

If you really want to get into the business its a good place to start because they will give you a shot when no one else will. If you treat it like a stepping stone and that's all, then it won't be so difficult for you when things get tough.

Just know going in you probably won't make any money for 6 months at the minimum and realistically, 9-12 months is more like it.

Good luck.

MH

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Dashal Bone in NY, New York

89 months ago

Met with a group at M&M, the guys seemed pretty cool to work with/for. Two young guys approximately 30 years old making between 400g's and 600g's a year each. The company seems to have a high turn over on the brokerage side but brokers who make it HIT A MAWWW FAWWWKING home run..."you know what I mean?" I am indecisive if it's the company I want to work for based on my experience so far on the private equity side. I want to be a broker not a biatch structuring deals all day. Being a glorified sales person sounds more fun to me than being a donkey Analyst.

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bugmenot in Ontario, California

89 months ago

I came across this article somehow and thought I'd weight in. I have worked at M&M for 14 months now and I have finally made my first deal recently. It looks like my pipeline will finally expand exponentially.

Here is the fact: It is the most non-b.s. company out there. They tell you exactly what you need to do to succeed -- everything from the amount of calls, the number of appointments, and the number of proposals you need to do. They tell you how to get it done and approximately how long it will take to make your first paycheck.

Possibly every broker (including myself for the first 6 months) tries to reinvent the wheel and do something different than what the management suggests. Turnaround is huge and many brokers do starve during the first 18 months. That said, I have never seen management allow for a broker who does work his ass off, slaving for 50-60 hours per week starve.

It's the ultimate "do or die" experience. 99% of the folks out there have never experienced a similar environment and think they are capable of handling it, when they are really not. If you are semi-intelligent and you are not too experienced in commercial real estate and your market, you are probably going to hate it like a mother for the first couple of months, regardless of your background. I venture to say that all brokers (with non-family commercial real estate connections) have considered another career path while working at M&M. Those who made it are now playing golf during the day and picking up $250k+ paychecks.

If you have seriously thick skin, then you can be making more in this business in your third year than partners in prestigious law firms with 25 years of experience.

One big word of advice: Plan to be a broke workaholic for 12-18 months of your life.

Dashal Bone in NY, New York said: Met with a group at M&M, the guys seemed pretty cool to work with/for. Two young guys approximately 30 years old making between 400g's and 600g's a year each. The c

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Denverbroker2 in Denver, Colorado

88 months ago

mh in Austin, Texas said: I worked briefly for them and felt like I was in kindergarten again. They are very inflexible and you will more than likely starve until you get your first deal. I know guys there that didn't get their first commission until after 12 months. The Sales Manager was a broker at one time and it took him 18 months for his first deal. Needless to say, he then became a Sales Manager so he could have a base salary and eat rice and beans.

If you really want to get into the business its a good place to start because they will give you a shot when no one else will. If you treat it like a stepping stone and that's all, then it won't be so difficult for you when things get tough.

Just know going in you probably won't make any money for 6 months at the minimum and realistically, 9-12 months is more like it.

Good luck.

MH

Ummm... that is commercial real estate in GENERAL... you can't expect to be rich off the bat when starting out in any commercial brokerage firm. This industry is a long-term industry and unless you plan on sticking around for 10-20 years it's probably not worth your energy.

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Marcus Millichap in Chicago, Illinois

87 months ago

I have an interview w/ Marcus & Millichap coming up soon. Does anyone have any advice for me?

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Common Sense and Mature Experienced in Frisco, Texas

87 months ago

Host said: What are the average starting salaries, bonuses, benefits and travel requirements like at Marcus & Millichap?

What do you like best about working at Marcus & Millichap? Are there any great perks or special treats for employees?

The Salary is FREE labor. There is no salary. Just commission. I was told that the sales cycle is 6 months longer by the manager. He actually told me that if I didn't have another source to support me or savings that it would be highly difficult for me to hang-on long enough.

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Broker in Los Angeles, California

86 months ago

I currently am a real estate Broker in the Los Angeles area. I once interviewed with Marcus & Millichap, but decided not to work with them due to the negative reputation that proceeds them. I ended up working with a small commercial real estate firm that has given me the tools, education and ability to do very well in this business (without suffering for 12 months). As a broker who needs to constantly work alongside other brokers in this business, hands down the Marcus & Millichap brokers are the worst. I will give you an example; My client is looking for an apartment building in LA. M & M has a listing for one for sale. My client gives a full price offer. M & M will bullsh*t me for days, saying there are pending offers, or that it is already under contract. All this so that they can try to sell the apartment building to their own clients so that they don't need to split the commission or cooperate with another broker(me). This is one example that I have experienced. In general (not all of them) but, they act like used-car salesmen. It is a complete waste of time trying to close a deal with them. To say the least my firm will not do business with Marcus & Millichap AT ALL! My personal opinion- find another firm. The Sperry Van Ness (SVN) people are great. SVN was started due to the fact that Marcus & Millichap is ruining the industry as well as creating a hostile environment when it comes to working with other brokers.

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Feroz Lakhani in Carrollton, Texas

85 months ago

Marcus & Millchap in Frisco, Texas said: Yes they also only hire males. When I went in to speak to them I looked around at the floor of many sales people. All young men. All white.
No person who is supporting a family can take these jobs.... unless you have another source of paying for living expenses.
Commercial Real Estate appartently is very much this way.
HIGH TURN OVER

It seems to me that you are working at M&M. Is there any way possible I could talk to you over the phone or have a conversation with you personally at your convenient time and place? I am trying to dig more info about the company as I am thinking about joining the firm. Can you please help?

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GetYourFactsStraight in Miami, Florida

83 months ago

For those of you who are considering working for a firm that generates more than $21 Billion in sales a year, listen up. I can honestly say I am enjoying my experience as an investment specialist for M&M. Up front you are told what to expect and it is your choice at that point to make an educated decision.

Facts

Plan on 6-12 months w/o pay unless you start as a SIP (Intern)which I highly recommend. I was an intern for eight months working side by side w/ a 10 year veteran in my office.

To be successful you will work your ass off for 12-18 grueling months of phone calls, research, and continued learning which M&M provides (2 workshops/week) as well as personal activity reviews w/ your sales manager and/or regional manager

In my first three months I closed a buy-side deal netting me $10,500 and two months later I am now closing on another deal netting me $15,000. These fees would be double but if you are being mentored you split your first three deals with your mentor. I know it sounds expensive but it is worth it having someone with you on meetings, and assisting you through negotiations to learn the business the right way.

Some firms may have negative comments regarding cooperation with other firms but honestly if you had to deal with some of the incompetence, and lack of professionalism displayed by certain brokers you would also be diligent when choosing the best offer for your client.

If your looking for an opportunity to grow into a substantial income stream through hard work, patience, and a plan to get you through the first 12-18 months then proceed. If your looking for how much vacation time you get the first year go teach third grade, you get summers off.

If anyone is seriously pursuing M&M feel free to reply with any questions or concerns

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frijol in Houston, Texas

83 months ago

Looking at the intern position but it gets taken off then reposted after a while. Should I wait or just send resume and persist?
Also wanted to know if experience in residential sales/investments helps or not. what do they look for in an intern? thanks for your input

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GavinP in Chicago, Illinois

83 months ago

Hi -

I saw your post and decided to try and make a connection about commerical real estate. I'll let you know that I am trying to pursue a new career, although
their are many biased POV that make this career choice seem formidable.
Could you elaborate a bit on how you found yourself in this field? Currently,
I'm competing as a real estate agent in Chicago. After 3 years, when I thought my input of time/energy would finally transpire into more, the real estate (residential) market locally has been shaken up. It's given me alot of time to pursue more educational resources and I am wondering about pursuing a certification as a CCIM or CPM. Are there any websites or knowledge bases that you could point me towards to finding out more?

If you can help, thank you. If not, thanks for taking the time to read this.

PG

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Ford in Baton Rouge, Louisiana

82 months ago

Hey man, Just have one quick question. Im about to start as an intern for M&M in a month. You say you were an intern for 8 months. Did you close your first deal three months after being an intern? And since you closed your first deal, after that are not an intern or how does that work? Can I close deals throughout the SIP? Also, as an intern, how often do the other brokers pass down deals for you to do, and possibly make a small percentage of their commission. Just shoot me back when you get a chance. Appreciate it.

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NewYawkNY in New York, New York

82 months ago

I will be interning for Marcus & Millichap this summer. Does anyone know what I should be expecting? Also, what would they be expecting of me?

Any advice is appreciated.

Thank you for your time and attention regarding this matter.

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GordonGekko in Cleveland, Ohio

82 months ago

GetYourFactsStraight:

I recently accepted a position at M&M. Please give me any advice and or tools that may help me in starting out.

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Jay Spearman in Orlando, Florida

81 months ago

GetYourFactsStraight in Miami, Florida said: For those of you who are considering working for a firm that generates more than $21 Billion in sales a year, listen up. I can honestly say I am enjoying my experience as an investment specialist for M&M. Up front you are told what to expect and it is your choice at that point to make an educated decision.

Facts

Plan on 6-12 months w/o pay unless you start as a SIP (Intern)which I highly recommend. I was an intern for eight months working side by side w/ a 10 year veteran in my office.

To be successful you will work your ass off for 12-18 grueling months of phone calls, research, and continued learning which M&M provides (2 workshops/week) as well as personal activity reviews w/ your sales manager and/or regional manager

In my first three months I closed a buy-side deal netting me $10,500 and two months later I am now closing on another deal netting me $15,000. These fees would be double but if you are being mentored you split your first three deals with your mentor. I know it sounds expensive but it is worth it having someone with you on meetings, and assisting you through negotiations to learn the business the right way.

Some firms may have negative comments regarding cooperation with other firms but honestly if you had to deal with some of the incompetence, and lack of professionalism displayed by certain brokers you would also be diligent when choosing the best offer for your client.

If your looking for an opportunity to grow into a substantial income stream through hard work, patience, and a plan to get you through the first 12-18 months then proceed. If your looking for how much vacation time you get the first year go teach third grade, you get summers off.

If anyone is seriously pursuing M&M feel free to reply with any questions or concerns

I'm actually going in for an interview on Tuesday. Do you have any good advice or interview tips. Can I send you a private email to discus

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jmsith in Boulder, Colorado

81 months ago

What is the deal with the "testing", what type of test is it exactly?

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JacobT in Cleveland, Ohio

81 months ago

test

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Drew from Phoenix in Newport Beach, California

81 months ago

GetYourFactsStraight in Miami, Florida said: For those of you who are considering working for a firm that generates more than $21 Billion in sales a year, listen up. I can honestly say I am enjoying my experience as an investment specialist for M&M. Up front you are told what to expect and it is your choice at that point to make an educated decision.

Facts

Plan on 6-12 months w/o pay unless you start as a SIP (Intern)which I highly recommend. I was an intern for eight months working side by side w/ a 10 year veteran in my office.

To be successful you will work your ass off for 12-18 grueling months of phone calls, research, and continued learning which M&M provides (2 workshops/week) as well as personal activity reviews w/ your sales manager and/or regional manager

In my first three months I closed a buy-side deal netting me $10,500 and two months later I am now closing on another deal netting me $15,000. These fees would be double but if you are being mentored you split your first three deals with your mentor. I know it sounds expensive but it is worth it having someone with you on meetings, and assisting you through negotiations to learn the business the right way.

Some firms may have negative comments regarding cooperation with other firms but honestly if you had to deal with some of the incompetence, and lack of professionalism displayed by certain brokers you would also be diligent when choosing the best offer for your client.

If your looking for an opportunity to grow into a substantial income stream through hard work, patience, and a plan to get you through the first 12-18 months then proceed. If your looking for how much vacation time you get the first year go teach third grade, you get summers off.

If anyone is seriously pursuing M&M feel free to reply with any questions or concerns

I would like to talk with you about M&M - Is there some way we could chat offline about the SIP?

Thanks!

-Drew

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Drew from Phoenix in Newport Beach, California

81 months ago

Ford in Baton Rouge, Louisiana said: Hey man, Just have one quick question. Im about to start as an intern for M&M in a month. You say you were an intern for 8 months. Did you close your first deal three months after being an intern? And since you closed your first deal, after that are not an intern or how does that work? Can I close deals throughout the SIP? Also, as an intern, how often do the other brokers pass down deals for you to do, and possibly make a small percentage of their commission. Just shoot me back when you get a chance. Appreciate it.

Have you started your intern position? Are you still there? What has the experience been like? What is your background... what experience did you bring into the position?

Lots of questions, I know - I really appreciate your answers!

-Drew

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exploring in san francisco, California

80 months ago

I'm interested in applying for this job. I am a female and I believe in my ability to close deals, but I read that women do not do well with this company. Could you please give your opinion on this.

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Brian Karabats in Citrus Heights, California

79 months ago

This is to everyone out there blogging. I work for M&M as an agent and could not be happier. Marcus is THE BEST company of it's kind nation wide as numbers speak for themselves. With Over $21,000,000,000 in listings sold from over 5,000 transaction last alone, there is no argument that the above statement isn't true. CB did about half that, btw. The problem with most of the people that write negative stuff on here just don't have what it takes to make it in the business and they are blaming Marcus for it.

Now are some questions that need clarification for a lot of you.

1. Q. Is it a get rich quick scheme?
A.NO! It is VERY hard work and can take a long time to earn a paycheck but knowing that from the get go is necessary in order to succeed.
2. Q. It is HARD work?
A. YES! I normally get to work at 8am and work until 6-730 and then a few hours at home throughout the week and weekend.
3. Q. Am i guaranteed a paycheck?
A. NO! This is a commission only job and you get out what you put in.
4. Q. Does Marcus provide support?
A. YES! Marcus has the best support out there from the SIP program to none competing managers to world class training to a top notch research
department and MANY others.
5. Q.Is this company/position for me?
A. Probably not. This is a very tough field because you are dealing with very rich property owners and literally millions of their dollars and they will not
just trust it with anyone. Also, it takes very special kind of skills that most people do not have or do not want to put in the effort to learn. This position
is for someone who LOVES commercial real estate and views it as a life style, not a job and wants to do it for the rest of their lives with the ultimategoal
of being an investor themselves. Lastly, most people are not driven by a paycheck and being commission only with a limitless earning potential.....

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Brian Karabats in Citrus Heights, California

79 months ago

Continuing from above....

..... this will scare many people who feel they are just average or who only want to settle for something less than great in life. And as for the company, Marcus
has a high standard for it's agents and at sometimes may come down rough on it's people in to help push them to succeed and if you do not have thick skin and take stuff real personal, then the business in general is not for you.

6. Q. Is there a lot of rejection?
A. YES! This is probably the hardest part for most people. You need to make about 1200-1500 phone calls to get one list. Now that doesn't mean you speak with that many people, but you need to make that many calls, whether you speak with someone or not, to get in front of enough people to get a listing. Even after you've worked so hard to get the listing it doesn't guarantee that you will sell it. You have only won half of the battle. Now it's time to try to sell your listing to investors in hopes that someone will buy it. Once again, if you are too sensitive and do not have thick skin, then it isn't for you.

Anyway, I hope this helps whoever has any questions and good luck to everyone out there!!!

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kpj in Santa Monica, California

79 months ago

Are you saying that you received pay while interning, and also got paid commission while interning?

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alex pappas in Copenhagen, Denmark

78 months ago

Facts

Plan on 6-12 months w/o pay unless you start as a SIP (Intern)which I highly recommend. I was an intern for eight months working side by side w/ a 10 year veteran in my office.

To be successful you will work your ass off for 12-18 grueling months of phone calls, research, and continued learning which M&M provides (2 workshops/week) as well as personal activity reviews w/ your sales manager and/or regional manager

In my first three months I closed a buy-side deal netting me $10,500 and two months later I am now closing on another deal netting me $15,000. These fees would be double but if you are being mentored you split your first three deals with your mentor. I know it sounds expensive but it is worth it having someone with you on meetings, and assisting you through negotiations to learn the business the right way.

Some firms may have negative comments regarding cooperation with other firms but honestly if you had to deal with some of the incompetence, and lack of professionalism displayed by certain brokers you would also be diligent when choosing the best offer for your client.

If your looking for an opportunity to grow into a substantial income stream through hard work, patience, and a plan to get you through the first 12-18 months then proceed. If your looking for how much vacation time you get the first year go teach third grade, you get summers off.

If anyone is seriously pursuing M&M feel free to reply with any questions or concerns

Hello, I am currently working in Europe with CB Richard Ellis and relocating back to S. Florida, I have interviews scheduled with Cushman & Wakefield and Marcus Millichap for a sales investment position. Which of the two companies has the best training, professionalism and ethics in the industry? I plan to stay with the firm for the long term and build my career....Your thoughts would be helpful, Thank You.

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alex pappas in Copenhagen, Denmark

78 months ago

Hello All, I am currently working in Europe with CB Richard Ellis and relocating back to S. Florida, I have interviews scheduled with Cushman & Wakefield and Marcus Millichap for a sales investment position. I have also been speaking with JLL and a new start up firm, Bluegate partners in West Palm Beach. Which of the companies has the best training, professionalism and ethics in the industry? I plan to stay with the firm for the long term and build my career....Your thoughts would be helpful, Thank You.

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CCIMorlando in Orlando, Florida

78 months ago

Advice from an experienced M & M salesperson would be greatly appreciated. I a veteran CCIM with 20 years experience in commercial real estate thinking about working with M & M and wanting to figure out a business plan. So do they actually say in training that it takes 1200 to 1500 cold calls to get a typical investment property listing, like someone commented earlier? I am trying to estimate what a realistic number of cold calls is. If 1200 is correct, the math would be: a minimum of 50 cold calls per day are necesary for 24 business days (appx 5 calendar weeks minimum if done every day), on the average, to get an average listing?

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alex pappas in Copenhagen, Denmark

78 months ago

and seeking a job in FL. Please be open & honest...

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alex pappas in Copenhagen, Denmark

78 months ago

GetYourFactsStraight in Miami, Florida said: For those of you who are considering working for a firm that generates more than $21 Billion in sales a year, listen up. I can honestly say I am enjoying my experience as an investment specialist for M&M. Up front you are told what to expect and it is your choice at that point to make an educated decision.

Facts

Plan on 6-12 months w/o pay unless you start as a SIP (Intern)which I highly recommend. I was an intern for eight months working side by side w/ a 10 year veteran in my office.

To be successful you will work your ass off for 12-18 grueling months of phone calls, research, and continued learning which M&M provides (2 workshops/week) as well as personal activity reviews w/ your sales manager and/or regional manager

In my first three months I closed a buy-side deal netting me $10,500 and two months later I am now closing on another deal netting me $15,000. These fees would be double but if you are being mentored you split your first three deals with your mentor. I know it sounds expensive but it is worth it having someone with you on meetings, and assisting you through negotiations to learn the business the right way.

Some firms may have negative comments regarding cooperation with other firms but honestly if you had to deal with some of the incompetence, and lack of professionalism displayed by certain brokers you would also be diligent when choosing the best offer for your client.

If anyone is seriously pursuing M&M feel free to reply with any questions or concerns

I have an interview scheduled with MM in Miami, I am with CBRE in Europe, would you be kind enough to reply back at my personal email or here (alex.pappas.dk@hotmail.com)with your telephone number so I can discuss specific questions I have about the firm, it's office environment, director and leadership, training, salary expectations, pipeline, etc.Thanks, Alexander Pappas

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alex pappas in Copenhagen, Denmark

78 months ago

NewYawkNY in New York, New York said: I will be interning for Marcus & Millichap this summer. Does anyone know what I should be expecting? Also, what would they be expecting of me?

Any advice is appreciated.

Thank you for your time and attention regarding this matter.

Now that you have interned with MM, were your expectations met? What is your general opinion of the firm, a career with them, in this financial climate currently, etc?

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alex pappas in Copenhagen, Denmark

78 months ago

Brian Karabats in Citrus Heights, California said: This is to everyone out there blogging. I work for M&M as an agent and could not be happier. Marcus is THE BEST company of it's kind nation wide as numbers speak for themselves. With Over $21,000,000,000 in listings sold from over 5,000 transaction last alone, there is no argument that the above statement isn't true. CB did about half that, btw. The problem with most of the people that write negative stuff on here just don't have what it takes to make it in the business and they are blaming Marcus for it.

Now are some questions that need clarification for a lot of you.

1. Q. Is it a get rich quick scheme?
A.NO! It is VERY hard work and can take a long time to earn a paycheck but knowing that from the get go is necessary in order to succeed.
2. Q. It is HARD work?
A. YES! I normally get to work at 8am and work until 6-730 and then a few hours at home throughout the week and weekend.
3. Q. Am i guaranteed a paycheck?
A. NO! This is a commission only job and you get out what you put in.
4. Q. Does Marcus provide support?
A. YES! Marcus has the best support out there from the SIP program to none competing managers to world class training to a top notch research
department and MANY others.
5. Q.Is this company/position for me?
A. Probably not. This is a very tough field because you are dealing with very rich property owners and literally millions of their dollars and they will not
just trust it with anyone. Also, it takes very special kind of skills

Would you be kind enough to talk over the phone... email alex.pappas.dk@hotmail.com...regards from a CBRE associate in Europe interviewing with MM Miami office

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apugner in Sacramento, California

78 months ago

Brian,

Are you working out of the Roseville office? If so, I'd love to ask you some additional questions about the local environment, specialty selection, how the changes in the market in the last two years has affected your business, etc. I look forward to your reply.

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nenabella in mays landing, New Jersey

76 months ago

Hi Brian,
I'm a recent business grad and my dream has always been real estate. Why would you recomend getting into commercial real estate instead of residential?
Besides M&M is there any other company that you would recomend to someone w/o any experience?
Thanks for your time!

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SVM in Sacramento, California

75 months ago

apugner in Sacramento, California said: Brian,

Are you working out of the Roseville office? If so, I'd love to ask you some additional questions about the local environment, specialty selection, how the changes in the market in the last two years has affected your business, etc. I look forward to your reply.

Hi Apunger,

I just interviewed with Bob Hicks in Roseville. Are you working there now? If so, how is it going for you? I was told they have "postponed" the SIP program. Did you manage to get in on that program?

Shannon

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Nga Pham in San Francisco, California

75 months ago

I am serious about persueing w/ M&M, I've just gotten done taking the personality test. I was wondering what kind of income I can expect to make and if I can conduct work from home for the most part, since I dont want to park a car in downtown san francisco since it seems cost prohibitive...Is there a way I can get you on the phone? email me at phamiliar@gmail.com please.

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harryvine in Washington, District of Columbia

73 months ago

I walked through the doors at M&M sraight out of college in June of 2006. I had absolutely no understanding of any bit of commercial real estate. As an aggressive kid, I chose to begin as an agent. I was paired with a great mentor who spent an unbelievable amount of time with me at every single meeting I could set. I literally sat by without saying a word at these meetings and just absorbed what was happening around me. The training was great. It focused on the fundamentals of real estate investment as well as basic sales. I attended my formal training in Sept. '06 and began my real work immediately thereafter. I was able to close my first deal in my fourth month out of training, it was dumb luck. Over the past two and a half years I have matured tremendously. If you're undisciplined they will ride you pretty hard during your initial time. Once you prove that you are capable of handling the individual freedom associated with being a broker, you are completely your own boss and management has every incentive to keep YOU happy. The market has continued to cool off, but I have managed to build momentum. I've closed eight relatively small deals in two years (netting about $140k)and am positioning myself for serious growth in 2009.
I've been interviewing a good deal of very smart people who are interested in breaking into commercial real estate. My advice to them is that it's most likely not the right place...or part of the industry for them. It truly does take a rare individual to succeed in this field. I've probably seen 40 well qualified people try and fail in my office within my two and a half year career.

My advice is that it's not for you! If you were right for this job, you wouldn't care what a bunch of random people were blogging about. You'd know that if anyone has done it, you can do it. Without this block headed determination, no one will make it. Especially not in this market.

Good luck!

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Houston Broker in Spring, Texas

60 months ago

frijol in Houston, Texas said: Looking at the intern position but it gets taken off then reposted after a while. Should I wait or just send resume and persist?
Also wanted to know if experience in residential sales/investments helps or not. what do they look for in an intern? thanks for your input

Did you ever take the intern position?

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Brian in San Leandro, California

54 months ago

Anyone here ever worked or currently work in legal department? What is involved and how is it to work in legal department? How are wages and benefits?

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Jevonj77 in Tampa, Florida

48 months ago

GetYourFactsStraight in Miami, Florida said:
If your looking for an opportunity to grow into a substantial income stream through hard work, patience, and a plan to get you through the first 12-18 months then proceed. If your looking for how much vacation time you get the first year go teach third grade, you get summers off.

If anyone is seriously pursuing M&M feel free to reply with any questions or concerns

As an intern were you paid anything? Also how many hours did you put in each week as an intern while going to school...I suspect full time. I plan on interning with them starting next week what should I expect?

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Littkerl in Saint Petersburg, Florida

38 months ago

I'm curious, I have been considering M&M. As a somewhat veteran broker, I've always worked fairly independently from my home office. I know the CRE world is sink or swim and I don't do long hours in cubicles. I do however like mentoring and guidance when I hit a wall. Are new brokers with the firm expected to put in a lot of "cubicle time"?

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fschristmas in Ellicott City, Maryland

32 months ago

Thanks for providing the insight! I have an interview set up for the Intern position in Miami tomorrow.

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mlevy in Miami, Florida

31 months ago

GetYourFactsStraight in Miami, Florida said: For those of you who are considering working for a firm that generates more than $21 Billion in sales a year, listen up. I can honestly say I am enjoying my experience as an investment specialist for M&M. Up front you are told what to expect and it is your choice at that point to make an educated decision.

Facts

Plan on 6-12 months w/o pay unless you start as a SIP ( Intern )which I highly recommend. I was an intern for eight months working side by side w/ a 10 year veteran in my office.

To be successful you will work your ass off for 12-18 grueling months of phone calls, research, and continued learning which M&M provides (2 workshops/week) as well as personal activity reviews w/ your sales manager and/or regional manager

In my first three months I closed a buy-side deal netting me $10,500 and two months later I am now closing on another deal netting me $15,000. These fees would be double but if you are being mentored you split your first three deals with your mentor. I know it sounds expensive but it is worth it having someone with you on meetings, and assisting you through negotiations to learn the business the right way.

Some firms may have negative comments regarding cooperation with other firms but honestly if you had to deal with some of the incompetence, and lack of professionalism displayed by certain brokers you would also be diligent when choosing the best offer for your client.

If your looking for an opportunity to grow into a substantial income stream through hard work, patience, and a plan to get you through the first 12-18 months then proceed. If your looking for how much vacation time you get the first year go teach third grade, you get summers off.

If anyone is seriously pursuing M&M feel free to reply with any questions or concerns

Interested in learning more. Just interviewed with Kirk Felici in the miami office. shoot me an email at mlevy08g@gmail.com. Thanks

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Rg in Fairfax, Virginia

20 months ago

GetYourFactsStraight in Miami, Florida said: For those of you who are considering working for a firm that generates more than $21 Billion in sales a year, listen up. I can honestly say I am enjoying my experience as an investment specialist for M&M. Up front you are told what to expect and it is your choice at that point to make an educated decision.

Facts

Plan on 6-12 months w/o pay unless you start as a SIP ( Intern )which I highly recommend. I was an intern for eight months working side by side w/ a 10 year veteran in my office.

To be successful you will work your ass off for 12-18 grueling months of phone calls, research, and continued learning which M&M provides (2 workshops/week) as well as personal activity reviews w/ your sales manager and/or regional manager

In my first three months I closed a buy-side deal netting me $10,500 and two months later I am now closing on another deal netting me $15,000. These fees would be double but if you are being mentored you split your first three deals with your mentor. I know it sounds expensive but it is worth it having someone with you on meetings, and assisting you through negotiations to learn the business the right way.

If your looking for an opportunity to grow into a substantial income stream through hard work, patience, and a plan to get you through the first 12-18 months then proceed. If your looking for how much vacation time you get the first year go teach third grade, you get summers off.

If anyone is seriously pursuing M&M feel free to reply with any questions or concerns

Hey man, how is it going? Thank you for your comment! How is the business going so far? They called me today with an offer for an intern position, there is some very low base salary, but I am kind of excited, I worked in residential mortgage and real estate before three years ago, and yeah it was hard work but good money.
How do you feel now that you been in the company longer? Do you still there?

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