Real estate company closing, victim o...

Real estate company closing, victim of housing slump -

There are 15 comments on the Newsday story from Sep 27, 2007, titled Real estate company closing, victim of housing slump -. In it, Newsday reports that:

Foxtons is closing because of the slumping housing market. The West Long Branch-based real estate company says it's contemplating bankruptcy protection for an orderly shutdown.

Join the discussion below, or Read more at Newsday.

Former employee

Stamford, CT

#1 Sep 27, 2007
The company has always been terrible. Upper Management, including Jon Hunt, Michael Brown, and Les Newlands never had a clue about how to make this flawed concept work. They took Glenn Cohen's original concept and turned it into a needlessly complicated mess. The company burned out and churned out its employees. Thank God they are finally closing. Everyone will be better off now.
Former employee

Pine Brook, NJ

#2 Sep 27, 2007
Too bad we were all let go through an email at 7pm last night!!!
SParker

Indianapolis, IN

#3 Sep 27, 2007
I was a Home Consultant for new york area, Foxtons was the best place to work for, were could you get paid before selling anything? and have that much fun, we listened to our favorite music and had the best times till the last day...I wish it lasted longer it could succeed. But Jon Hunt never made a penny since he owed it he lost 10's of millions to give us the oppurtunity's we were blessed with..But there was so much wastefull spending...if they asked us to take a cut in pay to survive I would have!!Those people at west long branch are the best I wish everyone success,If Jon Hunt ever comes to america again im on BOARD !!!!!!
Former employee

Gilbertsville, PA

#4 Sep 27, 2007
SParker wrote:
If Jon Hunt ever comes to america again im on BOARD !!!!!!
The business model does not work. Simply put, when you pay your agents a salary, pay for cars, phones, laptops, and a huge corporate office run by monkeys who don't know deed from title or how long attorney review lasts, and then charge half the commission of traditional Real Estate Brokerages, you must compensate by doing triple the volume. And you can't do triple the volume if you only train the agents to kiss ass and never return phone calls. This industry does actually require more than a double digit IQ.
IF in the unlikely occurence that Hunt tries to ever bring a business model or anything else from the UK to this side of the pond, he will yet againbe reminded that we fought the Revolutionary War for a reason. We left to get away from those people, and their crap doesn't work over here. If you're on board the SS Hunt, you are going to be on a sinking ship, second only to the Titanic. Hunt will fail, and the rest of us will laugh.
JOEY G

Pennsburg, PA

#5 Sep 28, 2007
"if they asked us to take a cut in pay to survive I would have!!"

You are exactly what Foxtons was looking for. So foolish.

"If Jon Hunt ever comes to america again im on BOARD !!!!!!"

And I'm sure he'll come looking for you.. A diligent servant willing to work for his Ferrari fetish.

WAKE UP!!!
Excellent News

United States

#6 Sep 28, 2007
Couldn't have happened to a more deserving company.
Former employee

Gilbertsville, PA

#7 Sep 28, 2007
JOEY G wrote:
"if they asked us to take a cut in pay to survive I would have!!"
You are exactly what Foxtons was looking for. So foolish.
"If Jon Hunt ever comes to america again im on BOARD !!!!!!"
And I'm sure he'll come looking for you.. A diligent servant willing to work for his Ferrari fetish.
WAKE UP!!!
He's like a Death Eater, and Hunt is Voldemort.

You backed the wrong horse man...sorry to say.
former employee

Brooklyn, NY

#8 Sep 28, 2007
at least gives us a week notice....now all our clients think we personally knew everything that was going on.
This company was innovative in selling real estate.

But this was the worst way of letting 380 people who busted their asses and gave up so much of their time and personal lives to be sucessful.

Screw hunt and all upper management for handling it the way they did
SPark

Dearborn, MI

#9 Sep 29, 2007
True,Hunt did screw us, but I have no regrets for working for foxtons.I had no sales exp and I learned tons in the short time I was their,no realestate company trains you like that! the business model was good but did have flaws, They over paid most Listing agents, mgrs and blew money on bentley's, company meetings that people didnt even want to go too, and company trips etc.. they should have taken it slower and let everyone earn those things with time..but in the end I think it came down to more then cash, rumers where their was pending lawsuits, and many other things at once, Hunt just lost interest..I have learned alot and have already taken my exp in a new path that other wise may never had bean thier... As an inside sales agent it was a good time, 40 hrs upto 100k yr, fun stressfree envirorment 2 weeks vaction from the start, take a break whenever, the great people that job was the Sh*t..
FUCFOXTONS

AOL

#10 Sep 29, 2007
As a former employee.. There was alot of shady things going on.
Especially with "upper management"
( If that ever existed) a bunch of young fools!! All they thought about was having fun and Bs'ing.
AS for Joy Jackson she knew what was going to happen. Smart of her to leave (huh). Then of course little by little everyone else who was in on it left. They knew. And as far as Gina L.,Les N.,Kathy C., PHil F., Eric O., Mark H., Nic B., Jon Hunt
I hope you all get what is coming to you!!!!
Sheryl

Brooklyn, NY

#11 Sep 29, 2007
former employee wrote:
at least gives us a week notice....now all our clients think we personally knew everything that was going on.
This company was innovative in selling real estate.
But this was the worst way of letting 380 people who busted their asses and gave up so much of their time and personal lives to be sucessful.
Screw hunt and all upper management for handling it the way they did
Come over to the brighter side. Hough & Guidice in Selden is a great place to work. Call me. Newsday won't allow me to post a number but I'm sure you can look us up.
Helen

New Orleans, LA

#12 Sep 30, 2007
I'm skeptical about an idea like this in the first place. Selling homes in any market takes a lot of work, which is why the commission model has worked so well - overall you earn what you work for. Also, having lots of "upper management" is usually not that important because real estate is a person-to-person thing. The only one the client cares about is that one agent they've met and can get along with who's promised to help them, and it's the company's job to bring enough support people in to give those agents everything they need to deliver great service.
JOEY G

Pennsburg, PA

#13 Oct 2, 2007
I backed the wrong horse?
Sign guy

United States

#14 Oct 2, 2007
Too bad Foxtons went under.I had a great time cutting up their signs.
Not fond of sign pollution.
Natural Relative

London, UK

#15 Nov 29, 2007
I am unhappy with what has happened to Jon Hunt and his family. He is a good man who was interested in restoring and keeping a good society.

Why do I find him with a black eye in the newspaper when he sold his company? Why does he have a cut under his throat? I am unsure if he lost interest because someone tried to murder him?

It was all since that Steve Hewitt trial - the papers have labelled him as a blackmailer but this story has never come into the light. Then there was Anna Adams who picked on Foxtons but she could have picked on Harrods and Mr Al Fayed or anyone else - why did she choose Foxtons?

I am more concerned to find that the search engine is full of grime of we hate Foxtons - was it all due to other estate agents? What is it all about? Perhaps caused by the jealousy of others.

Why does it mentiong Goughing - Van Gough? There are some very sick people around who are plain murderers.

I wish you all the very best Mr Hunt and family though I do not know where you are!

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