Coldwell Banker

www.coldwellbanker.com

Coldwell Banker Reviews

Updated January 27, 2015
Updated January 27, 2015
298 Reviews
3.8
298 Reviews
Rating Trends

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

Review Highlights

Pros
  • Name recognition, a good starting point (in 14 reviews)

  • Has great name/brand recognition at all price points (low-, medium-, and high-priced housing) (in 12 reviews)


Cons
  • The commission split is low compared to other brokerages (in 20 reviews)

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

More Highlights

Employee Reviews

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  1.  

    mixed

    • 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

    great training and technology. A good place to start a career

    Cons

    Myopic bean counters. They squeeze agents for every penny and sacrifice innovation and independence for control of everything. Get your training here but move elsewhere as soon as you can.

    Advice to ManagementAdvice

    Think more bottom up rather than top down

    Doesn't Recommend
    Neutral Outlook
  2. 1 person found this helpful  

    Excellent team to be part of

    Former Employee - Administrative Assistant
    Former Employee - Administrative Assistant

    I worked at Coldwell Banker (more than a year)

    Pros

    - friendly work environment
    - fair treatment
    - worked in admin and pay was good
    - good reputation, a lot of people trust the Coldwrll Banker name

    Cons

    I didn't really have any cons about working with Coldwell Banker. Eventually I needed a larger salary so I took a job as a virtual assistant. I regretted it eventually and missed working with Coldwell.

  3.  

    Very Good

    • 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

    They have the best training for real estate and their teachers are excellent in this area.

    Cons

    Its hard to find a good buildings to work out of that has traditional structure like in historical areas.

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    Steady creative job fast paced at times

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

    I worked at Coldwell Banker

    Pros

    Had my own office, pay raises were fair

    Cons

    I felt like the real estate agents demands were not reasonable considering there was one of me to over 40 of them.

    Advice to ManagementAdvice

    Provide a couple of personal assistants or an incentive to have a personal assistant once s certain tier is reached by the agent.

    Recommends
    Neutral Outlook
    Approves of CEO
  6.  

    Happily employed.

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

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

    Pros

    Great office w/ fair management and supportive coworkers.

    Cons

    Can be tough to break into Duxbury market.

    Recommends
    Positive Outlook
  7. 2 people found this helpful  

    Sales Associate

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Realtor in Siesta Key, FL
    Former Employee - Realtor in Siesta Key, FL

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

    Pros

    The only pro is the nationally recognized name.

    Cons

    High desk fees, high yearly attorneys fees - both mandatory at CB, legitimate leads only go to the highest producers. The only face to face leads you receive are sitting floor time (means you sit at the front desk and answer phones and take messages for the rental department) and open houses. Terrible commission split for new agents. Training is old fashioned, they tell you to cold call FSBO's for clients. If you don't have 2 years of healthy savings and can afford to advertise $400-$500 per month, don't waste your time here. You will be told you need 6 months of savings, not true, 2 years minimum. This is big business and sales associates are a major source of income for CB. It is difficult competing with associates who have been in the business 20 years. Very few Real Estate Associates last a year, if you leave for a better commission split elsewhere be sure to do it by 30 JUN otherwise you will be charged another $450 in attorney's fees even though you will no longer be affiliated with the company.

    Advice to ManagementAdvice

    We realize sales associates are large part of your income but you really need to start pro-rating your fees. Your new associate training is old fashioned and I was told I need 6 months of savings to live on when in reality I needed 2 years of savings. You have a revolving door of new agents this has to tell you something. Although with your fee schedule I don't think you care.

    Doesn't Recommend
    Neutral Outlook
  8. 1 person found this helpful  

    Best Real Estate company in Solano County

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

    I worked at Coldwell Banker full-time (more than 8 years)

    Pros

    Fantastic leadership, excellent training and great office environment.

    Cons

    Local Solano County real estate market is slow to recover from 2007 thru 2012 real estate market down turn. Limited local housing inventory and tight credit make it a challenging market.

    Advice to ManagementAdvice

    Consider providing a CRM to help agents create more closings.

    Recommends
    Positive Outlook
  9.  

    Realtor associate

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

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

    Pros

    Great management, great training team. Overall great agents to work with

    Cons

    corporate bureaucratic politics seem to get too much pull overall. Pyramid commission split is archaic.

    Recommends
    Neutral Outlook
    No opinion of CEO
  10.  

    Intern

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Coldwell Banker

    Pros

    Benefits and the people up meet

    Cons

    Hours and the people up meet

    Advice to ManagementAdvice

    Nothinng

  11.  

    Realtor support

    • 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

    Excellent tech support lots of help

    Cons

    A lot to learn about marketing

    Advice to ManagementAdvice

    Keep doing it

    Recommends

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