New Western reviews

4.2

78% would recommend to a friend

(848 total reviews)
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Stuart Denyer

90% approve of CEO

78% positive business outlook

New Western has an employee rating of 4.2 out of 5 stars, based on 848 company reviews on Glassdoor which indicates that most employees have an excellent working experience there. The New Western employee rating is in line with the average (within 1 standard deviation) for employers within the Real Estate industry (3.6 stars).

Reviews by job title

848 reviews
2.0
Jan 21, 2015

Frat Like Atmosphere -- Can Learn A Lot

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

New Western is definitely a fun place to work, the typical office is full of young guys that are close friends. With a 100% commission job you are allowed to make your own hours and determine your pay. You have a lot of flexibility with your hours, and can take time off whenever you want. You have to be a hard worker and be able to pick up on a lot of information fast, but you learn a TON about the industry. A couple people in each office are making six figures, and there is always the possibility of selling a couple big deals and making some quick cash. They try and make it a real "wolf of wall street" environment. They have a very aggressive business plan, and since they pay straight commission there is very little overhead and are constantly opening new offices. Have fun happy hours and company outings.

Cons

It is tough to make much money with this job. The top earners in the sales department won't make anywhere near the "$100k +" that they advertise. The commission cut is very weak, with the company taking a huge amount. There is a HUGE amount of turnover, as new sales agents come and go very often. Starting out can be difficult, and few people make much money the first couple months. You will need to have some money saved up to start. There are also no benefits. The company doesn't have the best reputation with people familiar in the industry, so that can be a tough hurdle to overcome with the serious knowledgable buyers out there. There are some tenured people in all of the offices, and they are the ones who make all of the money. There are people in each office who make six figures, but they have all been with the company for a while or were handed great leads. With it being 100% commission there is a lot of competition within the office to make sales, and the senior associates work together because they are friends, so it can be tough to break in.

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New Western Response
11y
Thank you for taking the time to write this review. I’m glad that you were able to learn a lot during your time here at New Western Acquisitions. We pride ourselves on the training that each individual receives from our General Managers in every office so that everyone will have the right tools to be as successful as they want to be as you saw during your career here. I’m sorry that your time here was not as successful as you would have liked it to be. We are always trying to improve our training program so that everyone has a positive experience here at New Western. We appreciate your feedback and are looking into some of the concerns you have so we can better everyone’s experience moving forward.
1.0
Oct 13, 2015

Employee beware

Recommend
CEO approval
Business Outlook

Pros

Most of the reviews are from current employees, who have not figured out the company yet. Atmosphere can be fun if you enjoy partying and a young frat atmosphere.

Cons

High turnover, management is all over the place, company only hires males for acquisitions and sales jobs. Like other reviews have mentioned, make sure you have money prior to working for this company. It takes about 3 months to start averaging $2,000 monthly. The company starts you off making 12% commission (which seems great) but its only great for management. Another reason why turnover is high.

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New Western Response
10y
Thank you for taking the time to write this review. We definitely like to make sure we have a fun office culture so associates will want to come to the office instead of working from home. Many of our associates are friends outside of work so what they choose to do on their off time is completely up to them. You’re right. Anyone looking for a career in real estate whether it’s traditional residential real estate or investment real estate, you have to have some type of monetary reserve when you start this position. All of this is clearly stated when you go through our 3 step interview process so we make sure that it’s reiterated 3 different times should we choose to offer an associate a position. As far as the average compensation monthly and how long it takes to get there is concerned, that is entirely based upon that particular associate’s drive and motivation to start making money. We do have some associates that come in and sell 8 properties in their first 30 days, and we have some associates that come in and only sell 2 properties in their first 90 days – both are in the same office. The best part about an opportunity like ours is every associate is allowed to make as much as they want with unlimited income potential with uncapped commissions or they can make as little as they want because they chose to be mediocre and usually end up leaving blaming the company for their inability to push themselves to be successful. We provide every associate with the same amount of leads, the same amount of training and the same amount of properties. Again, thank you for taking the time to write this review. Good luck to you in your endeavors.
5.0
Nov 5, 2015
Recommend
CEO approval
Business Outlook

Pros

- Freedom to structure your day as you see fit - Management oversight to help you succeed but not look over your shoulder all day. - Commission based compensation - Those who are successful can easily be making six figure incomes after two years - Potential for relocation - I was hired in San Antonio, TX and moved to open up our Tampa, FL office - Organized training programs - these didn't exist when I was hired but are now available to spell out every aspect of the job to new hires - upward mobility - because of the pace the company is growing if you are very successful at your current position new positions can actually be created if it's your time for advancement - Fun competitions - Monthly to bimonthly sales or health based competitions - Company trips visiting other offices around the country - No two days are ever the same. The last thing anyone could ever say about this job is that it's boring.

Cons

Building a business takes time. As an independent contractor you don't walk in on the first day with sources to acquire real estate from and clients to sell to. You have to build relationships in the real estate community in the area. If that's not your strong suit then you're up for a struggle here. If you are satisfied with a 9-5 job in a corporate environment this isn't for you. If you're shy or dislike interacting with people you will almost certainly be unsuccessful at this company. As a pro you dictate your own work schedule but as potentially a con you may wind up working a lot longer work weeks than a corporate job. I can wind up going into the office seven days a week because I want to make more money than I did the last week, and because I absolutely love what I do.

Viewing 7 - 9 of 848 Reviews

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