Pros
This is probably the best iBuyer company in terms of product fit, funding, and trajectory so I’m sure the sky is the limit for Opendoor. In order to work for said company you’ll find all of the similar corporate BS you’re used to at any other company though as a result of hiring quickly and placing tenured people in key leadership roles who shouldn’t be. Benefits are great. (Medical/Dental/Vision/Parental)
Cons
The biggest con is that we actively try to hire great talented licensed agents and then don’t allow them to practice real estate in any way shape or form. There used to be a policy to allow 5 transactions per year which was pretty reasonable to be able to help friends or family who really want to work with someone they trust while not encouraging people to continue to work “outside business”. The new senior manager in brokerage obviously has no respect for real estate because she ended that as her first to-do and now you literally can’t even represent yourself in a transaction. Yes, to be clear you will not be helping your PARENTS buy a home or even collecting your own well-deserved commission on THE PURCHASE OF YOUR OWN HOME. Have already heard of several well qualified licensed agents decline offers due to the absurdity of this. The only people who are okay with it are likely not very busy agents and therefore not very experienced. Last con which is also pretty silly is that after Covid is over the company will force a ton of people back to the office to do a job they’ve been doing remotely for over a year because “there’s so much value in being in the office together”.