Coldwell Banker Reviews

Updated August 6, 2014
Updated August 6, 2014
261 Reviews

4.0
261 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Coldwell Banker President and Chief Executive Officer Budge Huskey
Budge Huskey
8 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

46 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Too much out of pocket both in time and money.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Real Estate Agent  in  Sarasota, FL
    Former Employee - Real Estate Agent in Sarasota, FL

    I worked at Coldwell Banker for less than a year

    Pros

    Brand recognition. That's it.

    Cons

    Too much out of pocket both in time and money.

    Nothing provided for your success beyond long classroom setting training.

    Much of the initial training is elementary. Many of us in those classes noted the same, as if they were teaching people the basics of what most would consider common sense. Beyond that, many of us were turned off by the inauthentic ways of dealing with people, akin to neuro-linguistic programming others.

    Percentage to agents on sales no comparison to smaller brokerages.

    Broker receives a salary ... CB corporation receives the commission. Broker has little incentive but to make headcount for his/her office with sights set on corporate promotion out of the brokerage and a raise in salary.

    Charging the agents for nearly everything, except their first name tag and pack of business cards. Again, no incentive if the agents are already paying for everything that they could purchase on their own.

    Advice to ManagementAdvice

    Should not use real estate sales techniques to sell agents on the brokerage, especially new agents. If you are an agent, you know what that means. That is not how to build loyalty in an agent.

    Also, give new agents 1-2 years without fees, even if that means via employment agreement. Invest in them rather than the current corporate structure. Help them succeed and give them incentive to stay with CB long-term.

    Doesn't Recommend
    No opinion of CEO
  2.  

    all about the company

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

    I worked at Coldwell Banker full-time

    Pros

    major player in the real estate market

    Cons

    takes too many fees. no support unless you are a top agent.

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

    Customer Service

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

    I have been working at Coldwell Banker full-time for more than 3 years

    Pros

    Meeting People, Easy to learn the business

    Cons

    The compensation is not up to par with the rest of the industry.

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

    Standing Still

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Sales Representative  in  Pittsburgh, PA
    Current Employee - Sales Representative in Pittsburgh, PA

    I have been working at Coldwell Banker full-time for more than 8 years

    Pros

    A lot of training and support, especially for new hires.

    Cons

    As technology expands, CB is trying to stay on the cutting edge and jump in front of many other companies. The problem is, that with each of these expansions, there is a trickle down cost to the independent contractors (sales agents) in the company.

    Advice to ManagementAdvice

    Stop increasing the amount of $$ taken form each agents profit. We spend so much time and energy on our clients, in the field with them and behind the scenes of transactions making sure we get from showing, to sale to close. I often feel like I make minimum wage when I add up the hours worked on a sale and look at the actual commission made.

    Neutral Outlook
    No opinion of CEO
  6. 1 person found this helpful  

    Stuck without advancement

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

    I worked at Coldwell Banker

    Pros

    friendly atmosphere, great people to work with, they are always trying to keep up with technology. Always ahead of the game

    Cons

    too much politics, they release new technologies too soon without proper testing and too many problems.

    Advice to ManagementAdvice

    promote and increase pay, some people are desperate to keep their jobs but to keep valued employees you need to give reason to stay.

    Positive Outlook
    Approves of CEO
  7. 2 people found this helpful  

    Real Estate Agent

    Current Employee - Real Estate Agent  in  New York, NY
    Current Employee - Real Estate Agent in New York, NY

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

    Pros

    International Brand, ongoing training, many office locations in NYC to work out of and a great diversity of experienced professionals. The database of rentals/sales is well maintained.

    Cons

    Real estate is a tough industry to break into and it can take a long time to create the proper network. Unpaid, no benefits and you pay for your own advertising resources.

  8.  

    Overall fair experience

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Coldwell Banker

    Pros

    Good support to real estate agents

    Cons

    Low pay scale/benefits for staff

    Doesn't Recommend
  9. 1 person found this helpful  

    Associate Broker

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Associate Broker  in  Snellville, GA
    Former Employee - Associate Broker in Snellville, GA

    I worked at Coldwell Banker full-time for more than a year

    Pros

    The marketing for listings is phenomenal. They provide sufficient resources to properly train and agent.

    Cons

    Management is not properly trained to deal with different sales personality. They are rigid in their approach to sales, not allowing for agents to properly take the lead in their own success.

    Advice to ManagementAdvice

    Growth in management style would allow agents to become more successful, training sessions are not taken seriously because the sessions are seen as a venting session as oppose to a time for informative review.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  10.  

    My experience at CBJ Tokyo

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Coldwell Banker

    Pros

    Learned a lot about the Japanese work ethic

    Cons

    Too much frustration coming fro management

  11.  

    Could be better

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Sales  in  Kissimmee, FL
    Current Employee - Sales in Kissimmee, FL

    I have been working at Coldwell Banker as a contractor for more than 8 years

    Pros

    The name Coldwell banker is a recognized brand

    Cons

    lack of support from broker-owner

    Advice to ManagementAdvice

    Broker-owner should spend at least 10 mins of her day and greet someone or a few from the office instead of avoiding everyone.

    Recommends
    Neutral Outlook

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