Weichert Realtors

  www.weichert.com
  www.weichert.com

Weichert Realtors Reviews

83 Reviews
3.7
83 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
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Jim Weichert
53 Ratings
  1. 1 person found this helpful  

    Incredible support and mentoring

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Sales Associate in Cambridge, MA (US)
    Current Employee - Sales Associate in Cambridge, MA (US)

    I have been working at Weichert Realtors full-time (less than an year)

    Pros

    At Channing Real Estate of Weichert Realtors in Cambridge MA, there has been an incredible amount of support. I recently began a career in real estate and I'm pleasantly surprised by the level of assistance by the staff and management. It's been a fun and fast start and I'm happy to work for managers with such integrity.

    Cons

    Although I think it's a pro, Getting started in this industry takes a significant amount of self motivation and it's about how hard you work. Those unwilling to do that will struggle

    Recommends
    Positive Outlook
    Approves of CEO

Weichert Realtors Interviews

Updated 21 Jul 2014
Updated 21 Jul 2014

Interview Experience

Interview Experience

60%
30%
10%

Getting an Interview

Getting an Interview

35%
33%
25%

Interview Difficulty

2.6
Average

Interview Difficulty

Hard

Average

Easy
  1. 2 people found this helpful  

    Real Estate Agent Interview

    Anonymous Employee in Dallas, TX (US)
    Anonymous Employee in Dallas, TX (US)
    Application Details

    I applied in-person. The process took a weekinterviewed at Weichert Realtors in October 2013.

    Interview Details

    The interview process was quite informative and the office manger did a good job of promoting the company and it's systems. While the marketing and sales support materials were first-rate, the manager was not totally forthcoming about all aspects of compensation. She made much of Weichert's lead generation system, which does seem quite sophisticated, but neglected to mention that the agency charges a 35% referral fee for every closing from leads generated by the system. This greatly reduces the agent's commission on every such lead and severely undermines the value of the system to the agents. Although I was enthusiastic about this aspect of the company during the interview, finding out about the referral fee completely undermined its value as an incentive to join the company as an agent

    Interview Questions
    • The interviewer did not ask any particularly difficult or unexpected questions. In fact, she told me that in my spontaneous conversation I had answered virtually all of the questions she was planning to ask. The only specific question she asked was how much I expected to earn after 2 years with the company   Answer Question
    Reasons for Declining

    The starting broker split (50/50) was significantly lower than that offered by most other agencies with whom I interviewed (typically 70/30); the franchise fee was higher (8% compared to 6% with other franchise brokers), and the excessive 35% referral fee for company generated leads completely undermined one of the centerpieces of their pitch to prospective employees. With the lower commission split and the franchise and referral fees, a new agent would make only 7% commission on any sales from leads generated by the Weichert lead system, compared to 64-70% with other brokers. That was a deal-breaker for me.

    Declined Offer
    Neutral Experience
    Average Interview

Weichert Realtors Awards and Accolades

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Additional Info

Unlock Profile
Website www.weichert.com
Headquarters Morris Plains, NJ
Size 1000 to 5000 Employees
Founded Unknown
Type Company - Private
Industry Real Estate
Revenue Unknown / Non-Applicable per year

Buying and selling homes is why Weichert Co. is in business. The company (also known as Weichert Realtors) helps clients locate, finance, and insure homes in major markets across the US. One of the largest private real estate services companies in the country, Weichert specializes in residential property brokerage, relocation services, financing, and insurance. It has more than 500 company owned or independently franchised locations in nearly 40 states and Washington, DC. It also provides commercial brokerage services. Weichert Financial Services provides financing... More

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