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#211228 - 03/12/08 10:44 PM Marcus and Millichap
NSW Offline
Member

Registered: 03/12/08
Posts: 11
Loc: us
Hello everyone,

I'm trying to find out info about M&M. I have an interview with them soon for a sales position and already have a RE license. Any info will be appreciated. What are they like? How long until you see your first check? How is there training program? ect.. ect..

Also, I am 29 and like everyone else, have bills to pay. I know it can be a while before you see a check and am having second thoughts about working there. I can continue to work in my field
which I hate and is btw not in sales and pay the bills, or I can take this opportunity to completely switch fields that I know I will like. I understand commercial can be pretty cut throat so my question is, would you see this as an opportunity and take it or is it too risky being that you won't be able to pay the bills for a while.

I'm confident I can get the job so maybe I should look at it as an opportunity to work for M&M. How would you see it? Would you take the opportunity?

Thanks in advance and my very best regards to everyone.
Thanks again

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#211346 - 03/13/08 10:54 AM Re: Marcus and Millichap [Re: NSW]
super realtor Offline
Major Contributor

Registered: 05/01/05
Posts: 8473
Loc: georgia
Marcus and Millchap is a big nationwide commercial firm.There are many ways they set things up.Some big commercial companies only pay you on commission but you get a bigger split when things close.Another way is they pay you on a draw.Say they give you 2k a month and it takes 8 months to close you first deal then they would take the 16k off your commission minus the split.

A third way is to pay you a salary plus commission say 50k a year and then they take a big chunk of your commission and you get a smaller amount.There is a huge learning curve to commercial and it's very complex.Some deals you can make 500 to 800k on but take 4 to 5 years to happen.It all depends ont he size and scope of deals you are involved in.good luck

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#211384 - 03/13/08 12:33 PM Re: Marcus and Millichap [Re: super realtor]
NSW Offline
Member

Registered: 03/12/08
Posts: 11
Loc: us
Thanks for the info super-realtor. Appreciate it.

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#229319 - 05/28/08 10:41 PM Re: Marcus and Millichap [Re: NSW]
Smiley Dog! Offline
Junior Member

Registered: 10/31/07
Posts: 9
Loc: Los Angeles, CA
I have done some multifamily deals with them in Los Angeles area... the guys I deal with are usually inexperienced and hard-core telemarketers. They get great support in terms of systems and datbases. The commission is split/split/split between sr. jr. and colisting agents. Their corporate culture does not agree with my personal preference, but then again, I am a solo person and like it that way! Good luck!

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