Coldwell Banker

  www.coldwellbanker.com
  www.coldwellbanker.com

Coldwell Banker Reviews

Updated October 7, 2014
Updated October 7, 2014
271 Reviews
3.9
271 Reviews
Rating Trends

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Coldwell Banker President and Chief Executive Officer Budge Huskey
Budge Huskey
15 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
  • The commission split is low compared to other brokerages (in 19 reviews)

  • Unpaid, no benefits and you pay for your own advertising resources (in 10 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Run

    • 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

    Pros

    I get a paycheck. That's it. I seriously cannot fathom any other positive.

    Cons

    Everything.
    Management.
    No transparency.
    Not enough money to deal with the BS.
    Office politics galore.
    No growth potential.
    Get treated like a second class citizen.

    Advice to ManagementAdvice

    Actually do some work and talk to your staff. We work our tails off while you talk crap with each other and get paid to do nothing.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  2. 1 person found this helpful  

    Excellent name recognition - with no follow through

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

    I worked at Coldwell Banker as a contractor (less than an year)

    Pros

    Name recognition, a good starting point.

    Cons

    Where to start? DO NOT WORK HERE. They will charge you fees upfront to get you started under the guise of "training materials" and "technology fees" but will not help you actually practice anything relating to the reason you got your real estate license to begin with. I would rather have actual leads than an iPad. Their so-called training is basically just to be nice to people and listen well - i.e. basic human interaction pointers - and you have to complete ALL of it and pay ALL of your $200+ fees in order to just be able to answer a phone call coming into the office for phone duty. They have a speaker who comes in to give you guidance on believing in yourself while pushing a $700 class. When I politely told them I had chosen to go another direction and go with another firm, they badmouthed that firm and personally attacked the owner. Not exactly professional, but I guess business really is dirty.

    They take in new agents who don't know any better, make them do the grunt work they don't feel like doing anymore (like open houses) and pretend like they like you when you come in to meet them but change temperature as soon as you sign the dotted line.

    Do NOT let big name real estate firms take your money.

    Advice to ManagementAdvice

    Give us leads instead of iPads.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  3. 1 person found this helpful  

    Lots of Bait and Switch

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

    I worked at Coldwell Banker full-time

    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 ManagementAdvice

    Hire competent HR. Be truthful in job interviews.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
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  5. 1 person found this helpful  

    Horrific Experience

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

    I worked at Coldwell Banker full-time (more than an year)

    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 ManagementAdvice

    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!

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  6. 1 person found this helpful  

    Out for there Own

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

    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 ManagementAdvice

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

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  7.  

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

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

    I have been working at Coldwell Banker part-time (less than an year)

    Pros

    Good online training - nice people.

    Cons

    no help for a new employee

    Advice to ManagementAdvice

    need to court your employees

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  8.  

    Terrible company to work for!

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

    Pros

    There is no good reason to work for this company

    Cons

    The owner of the company

    Advice to ManagementAdvice

    Be nice to your employers

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  9.  

    This is a cheap, disorganized, disrespectful mess!

    • 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 (more than an year)

    Pros

    This place offers a slightly flexible schedule and is accommodating of people with families, etc. Don't worry, though, because they'll pay you less because of it.

    Cons

    This company does not spend money. They use dated technology. They have no idea how to support brokers for success. There's no where to move up. No one to talk to about issues or even just suggestions about how to get things done. Even if you do somehow break through to make suggestions, no one wants to spend money to get the job done. To add insult to injury, this is an 'old boys club' to the extreme.

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

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

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

    I worked at Coldwell Banker full-time (more than an year)

    Pros

    Brand recognition, High-end market share.

    Cons

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

    Advice to ManagementAdvice

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

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  11.  

    In the beginning management and staff were very helpfull

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

    I worked at Coldwell Banker

    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.

    Doesn't Recommend
    Approves of CEO

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