Coldwell Banker Reviews

Updated August 28, 2015
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Coldwell Banker President and Chief Executive Officer Budge Huskey
Budge Huskey
1 Rating

Pros
  • Great name recognition, great referral program (in 14 reviews)

  • Exemplary Training, great website, and Brand recognition are a few of the perks offered at Coldwell Banker (in 12 reviews)

Cons
  • Company commission split is higher than I would like (in 20 reviews)

  • sometimes inflexible, no benefits for realtors (in 10 reviews)

More Pros and Cons

36 Employee Reviews

Sort: Popular Rating Date
  1. Micro Managed

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Great Benefits! Good work hours, and friendly coworkers.

    Cons

    You will enjoy this position if you like being micro managed and sitting in a cubicle all day.

    Advice to Management

    Don't forget that your employers are people! Not robots!


  2. Graphic Designer

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Good name, large company, might look impressive on a resume

    Cons

    Not loyal and don't treat employees well

    Advice to Management

    RETIRE!!!


  3. real estate agent

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Real Estate Associate in Charlotte, NC
    Former Employee - Real Estate Associate in Charlotte, NC
    Doesn't Recommend

    I worked at Coldwell Banker (More than a year)

    Pros

    Job offers a lot of Flexibility

    Cons

    Commission only. If you don't close deals you will have no income


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Realtor

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Hampton, VA
    Former Employee - Anonymous Employee in Hampton, VA
    Doesn't Recommend
    Neutral Outlook

    Pros

    Great international brand. Multiple office locations. Great agents. Good affiliation with law firm. Knowledgeable stand behind you brokers. Easy access to multiple offices.

    Cons

    Very small split. Large franchise fee percentage. Relocation department shows favoritism and split is almost non-existent. Offices need complete overhaul. Company software needs updating and more public computers.

    Advice to Management

    Completely revamp relocation department and start from scratch. Give leads on a rotational basis. Remodel your office spaces. It is downright embarrassing to bring clients to the office. Provide more private space without the paper walls. Provide better splits. Senior management needs to listen to regional offices.


  6. Office Assistant

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Office Assistant in Oakland, CA
    Former Employee - Office Assistant in Oakland, CA
    Doesn't Recommend
    Neutral Outlook

    I worked at Coldwell Banker part-time

    Pros

    Easy work. Some agents were great to work with.

    Cons

    Wage among coworker with same job was not consistent.

    Advice to Management

    Keep pay consistent for the same job.


  7. realtor

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Realtor in Tampa, FL
    Former Employee - Realtor in Tampa, FL

    Pros

    Agents are given good training and education. The administrative office support is better than most. The company's presence on the internet is better than most agencies.

    Cons

    The company offers bad commission splits, especially to new agents. Some rules are archaic. Top performing agents are given preferential treatment and are allowed to break the company rules.

    Advice to Management

    Treat all agents fairly. Stop adding new rules that make it more difficult for agents to compete against newer more flexible agencies.


  8. Helpful (1)

    Politics

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Nice office space and equipment

    Cons

    100% Commission and the company takes a good chunk of it (up to 50%). You have to pay into their "team fund" at just under $1000. Office politics & pets often decides who gets the leads and the relocation. You can buy your own health insurance through their broker (at a supposedly huge discount) - but you should check the insurance website as mine turned out to be $35 a month less through the site.

    Advice to Management

    Learn to live by the golden rule and learn to treat all equally - and others do know what is going on.


  9. Realtor

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Realtor in Greenville, NC
    Former Employee - Realtor in Greenville, NC

    Pros

    Recognizable name in the industry

    Cons

    Limited resources to allow you to be successful

    Advice to Management

    Be more proactive with resources


  10. Helpful (2)

    Realtor

    Current Employee - Realtor in Paducah, KY
    Current Employee - Realtor in Paducah, KY
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at Coldwell Banker (Less than a year)

    Pros

    You get an office space, secretary, and all the office supplies you need. The secretary does a lot of odds and ends do you don't have to, they make everything so much easier.

    Cons

    Pay split and absolutely no leads provided to you


  11. For Staff, re-think a job with this company. No upward mobility; talent not rewarded.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Administrative Assistant in Carson City, NV
    Former Employee - Administrative Assistant in Carson City, NV
    Doesn't Recommend
    Negative Outlook

    I worked at Coldwell Banker part-time (Less than a year)

    Pros

    If you are a newly licensed realtor, or if you want to be one, this is a good start -- the education is good. Once you pass the exam and come on board, read the small print in the contract. The office is in a great location. And the company has a national reputation.

    Cons

    As ADMIN, If you enjoy admin work and intend to stay in the admin genre -- Coldwell Banker Select Real Estate, Carson City is not a place to hang your hat, especially if you are a highly motivated, hard-worker, with superior office/marketing skills. There is no follow through on promises made by staff, and if you push for education or training that was promised in negotiations, you will be considered a nuisance and ignored. Morale takes a hit because the new staff has many bosses every day in both local office and headquarters to answer to, and the rules/expectations for the new staff change on whim or mood of other staff. Every separate office has different procedures in play. There is no unifying written policy on procedures for staff, which is why there is procedural dysfunction that has negative consequences for realtors. When this is brought up to headquarters, they say they agree that it is wrong, but then they allow it so as not to cause friction. Finally, the new staff person is not part of a team. Further, the company retains staff who come in late, and who show a poor work ethic. Side note: New marketing ideas coming from new staff were met with negativity or ignored.

    Advice to Management

    Morale, good morale, is worth its weight in gold, and that should be more important than hanging on to people you think have so much knowledge who you think are loyal. Being short sighted about talented staff will not serve your company well in the long run. Talent will run away and you will be left with, well, what you have.



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