Coldwell Banker

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Coldwell Banker Reviews

Updated Jun 30, 2014
Coldwell Banker – US – “Coldwell Banker Commercial NRT”

All Employees Current Employees Only

3.8 252 reviews

60% Approve of the CEO

Coldwell Banker President and Chief Executive Officer Budge Huskey

Budge Huskey

(5 ratings)

77% of employees recommend this company to a friend

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)

23 Employee Reviews Back to all reviews
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    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities

    1 person found this helpful  

    No training, no camaraderie.

    Realtor (Former Employee)

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

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

    Advice to Senior ManagementFormal 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.

    Yes, I would recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Real Estate

    Broker (Current Employee) Asheville, NC

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

    ConsHours are long & during most "off" times.

    Advice to Senior ManagementSpread the leads around.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

     

    Corporate- let me take your money please

    Realtor (Current Employee) Boston, MA

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

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

    Advice to Senior Managementfocus on all sales- not just top producers- upper management quit sellingout managers when they make a decision

    No, I would not recommend this company to a friend

  1. We want your feedback – Are these company reviews helpful to you?  Yes | No
    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

    1 person found this helpful  

    They got me in and left me flailing in the wind

    Realtor (Current Employee) Dallas, TX

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

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

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    An agent is one of many.

    Realtor (Current Employee) Tampa, FL

    ProsGreat tech tools for the job to include many websites.

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

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

    No, I would not recommend this company to a friend

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

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

    Realtor (Former Employee) Tampa, FL

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

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

    Advice to Senior ManagementThis 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.

    No, I would not recommend this company to a friend

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities

     

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

    Property Administrator (Former Employee) Saint Louis, MO

    ProsA 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

    ConsA 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 Senior ManagementImplement 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.

    No, I would not recommend this company to a friend

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Sad, - seniority over talent or dedication

    Anonymous Employee (Former Employee) Atlanta, GA

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

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

    No, I would not recommend this company to a friend

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

     

    Bad Compensation

    Affiliate Broker (Current Employee) Johnson City, TN

    ProsName Brand Company with Country wide presence.

    ConsBad compensation
    Lack of choices
    Poor management

    No, I would not recommend this company to a friend

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

     

    competitive

    Real Estate Agent (Current Employee) Beverly Hills, CA

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

    Conscompetitive. 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 Senior Managementstart 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.

    No, I would not recommend this company to a friend

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