Coldwell Banker Reviews

Updated July 26, 2015
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3.7
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Recommend to a friend
Approve of CEO
Coldwell Banker President and Chief Executive Officer Budge Huskey
Budge Huskey
36 Ratings

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

323 Employee Reviews

Sort: Popular Rating Date
  1. Helpful (1)

    Deck is stacked against the agent.

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

    I worked at Coldwell Banker

    Doesn't Recommend
    Disapproves of CEO
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Independent contractor status. Name brand recoginition. New agent training was good.

    Cons

    All the cards are stacked in Coldwell Banker's favor. High "referral fees" for deals not even facilitated by Coldwell Banker simply because the other broker happened to work for a Coldwell Baker or associated firm. Relocation "Referral" fees are huge too. The agent does all the work and is capped on the commission they can receive. Coldwell Banker takes the rest. Coldwell Banker will NOT release you listings when you leave. It takes a long time to climb the commission ladder. Have a bad year and Coldwell Banker knocks reduces your commission split. Don't forget that the commission split is set AFTER the franchise fee...so Coldwell Banker takes 6% off the top before they start paying you. Most local brokers have their "favorite" agents and the good leads go to them. Coldwell Banker also pushes their own mortage, title and warranty companies. Agents get nothing for referrals to those programs...but Coldwell Banker makes huge money on them.

    Advice to Management

    Think about more than your personal paycheck.


  2. Sales

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Fort Myers, FL
    Current Employee - Anonymous Employee in Fort Myers, FL

    I have been working at Coldwell Banker

    Doesn't Recommend
    Disapproves of CEO
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Work on your own without strict reporting

    Cons

    Reports are not necessary and are overly tedious

    Advice to Management

    Stop reports as they are not useful to sales only to managers


  3. Poor place to work

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Parsippany, NJ
    Current Employee - Anonymous Employee in Parsippany, NJ

    I have been working at Coldwell Banker

    Doesn't Recommend
    Approves of CEO
    Doesn't Recommend
    Approves of CEO

    Pros

    Its a job Jim does a great job as CEO - if its just a figure-head, pr speaker, or business related decision - He isnt involved in the running of the corp office where help IS needed. (for the minimum staff)

    Cons

    They dont promote hard workers, continually the same individuals move 'up' They want to say the lead the way in technology yet dont provide it to the workers to test with and use.

    Advice to Management

    Realize that its a bit backwards - look at all the Directors and above positions, then cut that number by a third and you have all the rest, the real 'workers'.


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  5. In the beginning management and staff were very helpfull

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Las Vegas, NV
    Former Employee - Anonymous Employee in Las Vegas, NV

    I worked at Coldwell Banker

    Doesn't Recommend
    Approves of CEO
    Doesn't Recommend
    Approves of CEO

    Pros

    Brand name helps give you recognition.

    Cons

    The staff and management now are not in touch with the Real Estate market and how the agents are affected.


  6. I would go to another company or at least a different office

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

    I worked at Coldwell Banker full-time (More than a year)

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

    Pros

    Brand recognition, High-end market share.

    Cons

    Copiers, printers always breaking down. Network always down. Moody support staff.

    Advice to Management

    Hire better office managers. Dont hire managers with revoked broker's license.


  7. Terrible company to work for!

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

    I worked at Coldwell Banker full-time (More than 10 years)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    There is no good reason to work for this company

    Cons

    The owner of the company

    Advice to Management

    Be nice to your employers


  8. Left on my own - no help becoming established in my field.

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

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

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Good online training - nice people.

    Cons

    no help for a new employee

    Advice to Management

    need to court your employees


  9. Helpful (1)

    Out for there Own

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

    I worked at Coldwell Banker full-time (More than 3 years)

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    Zero for me, I commuted hours to this office daily and had to deal with idots all day long.

    Cons

    Committed almost 4 years of service without any pay increase, senior management only care about themselves especially the Director of Finance and CFO -Both now work together with a different company. You will receive zero recognition for your hard work and long hours, the culture and values of this office are awful....and always low on staff - if like myself you will be taking on roles of different departments with zero overtime pay....good riddance.

    Advice to Management

    Take notice of your staff, and reward them for hard work


  10. Helpful (1)

    Horrific Experience

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

    I worked at Coldwell Banker full-time (More than a year)

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Benefits are fair. The messages conveyed from corporate are generally positive. I think they are trying to create a good culture, but they just aren't seeing the failing of Northbook's management.

    Cons

    Management treats employees like crap. They have no interest in developing or even acknowleging your skills. Some of the managers are so unprofessional they show blatent favoritism between employees. Decisions are made about your role and/or future with the company without you even being invited to be part of the conversation. If you attempt to voice your concerns about any mistreatment, their no retailiation policy will be through out the window. You can be sure your boat will sink thereafter! There is no room for advancement and you are not recognized or rewarded for hard work.

    Advice to Management

    The corporate office (NJ) should take a hard look at the reasons for such high turnover and then start turning over some of the poor management currently in place!


  11. Helpful (1)

    Lots of Bait and Switch

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

    I worked at Coldwell Banker full-time

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

    Pros

    People at the corporate office in Northbrook are nice, including the president. Easy to get in and out of there without overtime.

    Cons

    Everything else was horrible. HR was a joke. Lots of bait and switch. Expectations for a certain level of quality and production, but absolutely no resources ($) allocated to reach that potential.

    Advice to Management

    Hire competent HR. Be truthful in job interviews.



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