Coldwell Banker Reviews

Pros

The name says it all. They're a respectable company across the globe.

Cons

Like most businesses, there's competition and in this economy you have to really know how to work for yourself.

Pros

Great broker and good working environment

Cons

Too many agents not working very hard

Advice to Senior Management

Cut the dead weight and support the hard workers

Pros

brand recognition. depending on which office good profession atmosphere.

Cons

low commission at first. depending on your manager may not get much support.

Pros

Small enough to know everyone in the office, almost like family, quiet and peaceful office, everyone is willing to help you when you need help - encouraging group of people

Cons

Small office so there is somewhat a limit on growth and promotion unless you are a real estate agent, Waco is a smaller town

Advice to Senior Management

Management was wonderful, everyone was extremely nice and willing help, encouraging and caring at all times - great experience to work in

Pros

Supportive, great management and training programs

Cons

No leads from the company. "Referral program" is more a way for corporate to intervene in your outgoing referrals

Pros

Easy to work for, Put in your own hours. You become your own boss

Cons

You have to make the money all on sales

Advice to Senior Management

Better training about the Real Estate Field

Pros

Best brokerage in New England. Excellent educatonal opportunities. No desk fee's per se.

Cons

Weak commission splits unless you are a top producer.

Advice to Senior Management

No Advice

Pros

ability to do your own thing yet still be kept up to speed on the latest developments in the industry

Cons

It would always nice to have a higher split no matter how high your split may be. Benefit package would be beneficial

Advice to Senior Management

The management (Jeff Hayes) is why I'm there.

Pros

They advertise for you and they are a nationally recognized name which helps in bringing in business. The education and staff meetings are great and they are on top of all the changes constantly.

Cons

Commission split way too high and tiers not reasonable for most agents to cap at 100%. Loved me when I was moving a lot of real estate and the second I slowed down I was just another worker bee. Too much sacrifice and hard work on my part to pay the high split.

Advice to Senior Management

None

Pros

Flexibility is great and the Training is excellent.

Cons

It can be difficult to get started since the commissions paid to the company are high for new agents, plus they have to pay an additional franchise fee to the company on every sale.

Advice to Senior Management

The attitude toward new agents seems short-sighted. If new agents had a better commission split, they could market themselves better, have more clients, and make more money for Coldwell Banker in the long run. Instead, Coldwell Banker spends time and money training the agents, and once trained, they start seeking better commission splits at other brokerages.