Newmark reviews

3.4

53% would recommend to a friend

(853 total reviews)

Barry M. Gosin

64% approve of CEO

62% positive business outlook

Newmark has an employee rating of 3.4 out of 5 stars, based on 853 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Newmark employee rating is in line with the average (within 1 standard deviation) for employers within the Bienes raíces industry (3.8 stars).

Reviews by job title

853 reviews
2.0
Apr 22, 2019

Prepare for toxicity and mantrums

Recommend
CEO approval
Business Outlook

Pros

I actually really enjoyed my coworkers, everyone except the broker I was working under was great. Really nice and professional. Good name recognition, although this company is obviously not the best, you can find better.

Cons

There is so much to say about the toxicity that is brokerage assisting. Brokers will treat you great while they're in a good mood and their deals are going well, but as soon as something goes wrong, they will take it out on you and everything you do will be unsatisfactory and cause them to treat you even worse. They're too busy "doing deals" to treat you like a human or invest in your knowledge and development. The broker started literally ignoring me for a whole month and refused to even let me talk to him for a few minutes to resolve the issues. They will expect you to figure out how to do everything perfectly very quickly. They use ten different applications to run the company and you will need to know how to use all of them, each with protocols and approvals. Unless become an agent and start producing for the company, you won't matter and your career won't progress. As some of the other reviews were saying, this is not a good place for females - they just don't get respect and are generally unhappy and looked down upon. The brokers will say things about you behind your back, including brokers from other companies. Top heavy structure - meaning the top grossing brokers basically power steer the company and always get their way. No one lower matters. LOTS of internal bureaucracy, conflict, and politics. Management will not correct the brokers' behaviors. Just don't expect anything besides a cold reality check into the the world that is commercial real estate. You won't get anywhere by being nice or playing by the rules. Literally everyone is just a resource.

1.0
Nov 15, 2017
Recommend
CEO approval
Business Outlook

Pros

I have nothing good to say about this company

Cons

Brokers are very badly behaved. Racist, sexist, abusive, difficult, unpleasant, unprofessional, name it. Management is complicit in this and enables such behavior. You can’t even express concern to management in confidence. There is no accountability and brokers act with impunity because they make a lot of money and know that there are no consequences for their behavior. There is a ridiculous amount of turn over and management is not honest with prospective new hires about why. No diversity. The company is more interested in seeming diverse than actually being so. So there are tokens here and there not because the company believes they are valuable, but to keep up appearances. The company is for old white boys by old white boys. A truly horrid place with a questionable culture. Just don’t.

1.0
Dec 5, 2016
Recommend
CEO approval
Business Outlook

Pros

It is a good idea, looks good on paper, and they are making big waves by spending tens of millions of dollars taking broker teams from Cushman and CBRE. If you are a stockholder when they sell the company you might make a few dollars per share.

Cons

I was hired under a detailed business plan, cost/revenue projection, and three year contract to lead a new service line at Newmark. It was all properly vetted and fully approved by the COO but after more than 9 months into the 2016 fiscal year I still had not been allowed to hire any of the people I needed and was promised. In the meantime my boss was submitting false and misleading revenue numbers to enhance quarterly earnings reports to Wall Street. Newmark (GGC Partners is a publicly traded company). The COO did not return a single telephone call or email message (ever). I went to HR then the CEO and was fired less than two weeks later. No investigation was ever conducted. CONS - Training, internal lines of communication (to management), internal controls, outdated and inconsistent IT systems, no upward feedback on superiors, human resources, internal reporting mechanisms, anti-retaliation policies, adherence to internal polices/codes, Cantor Fitzgerald HR and Legal departments serving Newmark business units, integrity, double standards, poor leadership, and just bad management. No wonder they can't get their stock to go above $9 per share.

Viewing 7 - 9 of 853 Reviews

Glassdoor has 1,015 Newmark reviews submitted anonymously by Newmark employees. Read employee reviews and ratings on Glassdoor to decide if Newmark is right for you.