Coldwell Banker

  www.coldwellbanker.com
  www.coldwellbanker.com
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Coldwell Banker Reviews

Updated June 30, 2014
Updated June 30, 2014
265 Reviews
4.0
265 Reviews
Rating Trends

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Coldwell Banker President and Chief Executive Officer Budge Huskey
Budge Huskey
11 Ratings

Review Highlights

Pros
  • Name recognition, a good starting point (in 14 reviews)

  • Formal training program on the in's and out's of real estate a good knowledge basis (in 12 reviews)


Cons
  • tier based commission splits, although this is a trade off in exchange for no desk fees (in 17 reviews)

  • Unpaid, no benefits and you pay for your own advertising resources (in 9 reviews)

More Highlights

23 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1. 1 person found this helpful  

    No training, no camaraderie.

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

    I worked at Coldwell Banker for more than 3 years

    Pros

    Great pump you up meetings, recognition meetings, broker answers willing to answer questions. If you find the right person they will help you.

    Cons

    The only business where the old eat their young. Expect to get taken advantage of.

    Advice to ManagementAdvice

    Formal training, a mentor program. Help younger realtors, besides allowing them to sit open houses for more seasoned agents who know it is a waste of their precious time.

    Recommends
    Neutral Outlook
  2.  

    Real Estate

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Broker  in  Asheville, NC
    Current Employee - Broker in Asheville, NC

    I have been working at Coldwell Banker full-time for more than 10 years

    Pros

    Good money if your in good w/the broker in charge

    Cons

    Hours are long & during most "off" times.

    Advice to ManagementAdvice

    Spread the leads around.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  3.  

    Corporate- let me take your money please

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Realtor  in  Boston, MA
    Current Employee - Realtor in Boston, MA

    I have been working at Coldwell Banker full-time for more than a year

    Pros

    Nationally known,Name recognition, millions of ways to spend yur money to brand yourself

    Cons

    They take so much out of paycheck, nickel & dime at every turn,not a lot of support

    Advice to ManagementAdvice

    focus on all sales- not just top producers- upper management quit sellingout managers when they make a decision

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
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  5. 1 person found this helpful  

    They got me in and left me flailing in the wind

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Realtor  in  Dallas, TX
    Current Employee - Realtor in Dallas, TX

    I have been working at Coldwell Banker as a contractor for less than a year

    Pros

    The training is helpful as well as the brand name recognition.

    Cons

    They got me in there and there and just seem to have favored agents who get leads or put on things like "e-team." The training was expensive and I really expected more guidance after they took me. I was left floundering and not knowing what to do. I wish I had gone to a smaller office. They get a BIG cut of what I bring in to really not do that much to help.

    Advice to ManagementAdvice

    Give everyone the same opportunities. Do not play favorites. Stop with politics in every sense of the word.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  6.  

    An agent is one of many.

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

    I have been working at Coldwell Banker

    Pros

    Great tech tools for the job to include many websites.

    Cons

    The company does not have a team effort for all players, the top 10-15 % are their winners.

    Advice to ManagementAdvice

    Bring people together in an informal setting, spend some money on a team effort, rather the employees always contributing to events.

    Doesn't Recommend
    No opinion of CEO
  7.  

    Broker has strong support for their chosen few, typically limited to one agent/team per branch.

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

    I worked at Coldwell Banker

    Pros

    Brand recognition to the public.
    Strong web and print presence.
    No cost to agent position (save the low split and split caps).

    Cons

    Selected favored agent/teams receive virtually unlimited marketing support and referals.

    Advice to ManagementAdvice

    This is the time to be more supportive of your independant contractor agents. Much higher splits are available to agents at other firms including those with equal brand recognition. When the numbers are actually "put on paper" CB's offering to producing agents is far from compettive. The CB business model makes good sense for agents with less than two (2) years experience, after that it becomes counter productive to stay.

    Doesn't Recommend
    No opinion of CEO
  8.  

    Property Management under Bruce Brophy is well done, but the brokerage side and overall management needs improvement.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Property Administrator  in  Saint Louis, MO
    Former Employee - Property Administrator in Saint Louis, MO

    I worked at Coldwell Banker

    Pros

    A small-firm family feel
    Property Managers were kind and good mentors in that department
    There were opportunities to move within the organization
    There was a fun atmosphere around each holiday and company celebration
    Some managers and brokers very nice to work for

    Cons

    A hostile environment was not properly dealt with; management said "this is how it is and it's not going to change"
    Unprofessional employee not dealt with by management; swearing and sleeping on the job were noticed
    Not all assignments were communicated well to staff depending on which broker was lead
    Communication an overall issue
    No annual performance reviews; No chance to express concerns

    Advice to ManagementAdvice

    Implement common HR policies like annual reviews, a process for issues among employees, and listen when your employees are unhappy about work conditions. Property Management under Bruce Brophy is well done, but the brokerage side needs improvement.

    Doesn't Recommend
  9.  

    Sad, - seniority over talent or dedication

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee  in  Atlanta, GA
    Former Employee - Anonymous Employee in Atlanta, GA

    I worked at Coldwell Banker

    Pros

    Benefits. Company reputation is pretigious. Business model is ARCHAIC in today's real estate environment.

    Cons

    Salary and the current real estate environment. Heartless about office closures.

    Doesn't Recommend
    No opinion of CEO
  10.  

    Bad Compensation

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Affiliate Broker  in  Johnson City, TN
    Current Employee - Affiliate Broker in Johnson City, TN

    I have been working at Coldwell Banker

    Pros

    Name Brand Company with Country wide presence.

    Cons

    Bad compensation
    Lack of choices
    Poor management

    Doesn't Recommend
    Disapproves of CEO
  11.  

    competitive

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Real Estate Agent  in  Beverly Hills, CA
    Current Employee - Real Estate Agent in Beverly Hills, CA

    I have been working at Coldwell Banker

    Pros

    most well known brand in los angeles county. most successful office in the united states. training is excellent. hot girls

    Cons

    competitive. your major competition are your coworkers. trainer is your competitor and thinks that you are out to screw him on a deal. shark infested office

    Advice to ManagementAdvice

    start spending some time on the agents that dont make as much money as the top producers. learn more about how to manage and office and agents.

    Doesn't Recommend
    Disapproves of CEO

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