Coldwell Banker

  www.coldwellbanker.com
  www.coldwellbanker.com
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Coldwell Banker Reviews

Updated September 29, 2014
Updated September 29, 2014
269 Reviews
4.0
269 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Coldwell Banker President and Chief Executive Officer Budge Huskey
Budge Huskey
13 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. 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
  2. 1 person found this helpful  

    Good work environment

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Coldwell Banker

    Pros

    Friendly work environment, knowledgeable staff, great growth prospects

    Cons

    The office is beginning to run out of space

  3. 1 person found this helpful  

    Great company

    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Realtor  in  Okemos, MI
    Current Employee - Realtor in Okemos, MI

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

    Pros

    National exposure, great support tools

    Cons

    Printers and phones have issues!

    Advice to ManagementAdvice

    Keep technology up to date!

    Recommends
    Approves of CEO
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  5. 1 person found this helpful  

    .

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Weekend Reception  in  Houston Heights, TX
    Current Employee - Weekend Reception in Houston Heights, TX

    I have been working at Coldwell Banker part-time for more than a year

    Pros

    Lovely Staff! Great Enviroment! I absolutly love it here!!

    Cons

    No weekend. Not great pay.

    Advice to ManagementAdvice

    You're doing a wonderful job.

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    Positive experience at Lincoln Park Plaza, but lack of a recycling program was discouraging.

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

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

    Pros

    Outstanding facilities and free Starbucks coffee. Catered lunches on Thursdays for employees was also a plus. Management smartly used these lunches to incentivize agents to come to the office to attend weekly continued learning seminars.

    Cons

    Asked many times for management to hire a recycling service to no avail. Unbelievable amount of paper thrown into trash cans.

    Advice to ManagementAdvice

    Continue the weekly lunches, but listen to employee's concerns about the lack of a recycling program.

    Recommends
    Neutral Outlook
    No opinion of CEO
  7. 1 person found this helpful  

    No training, no camaraderie.

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

    I worked at Coldwell Banker for more than 3 years

    Pros

    Great pump you up meetings, recognition meetings, broker answers willing to answer questions. If you find the right person they will help you.

    Cons

    The only business where the old eat their young. Expect to get taken advantage of.

    Advice to ManagementAdvice

    Formal training, a mentor program. Help younger realtors, besides allowing them to sit open houses for more seasoned agents who know it is a waste of their precious time.

    Recommends
    Neutral Outlook
  8. 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
  9.  

    Awesome company to work for!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Sales Associate - Real Estate Agent - Realtor  in  Atlanta, GA
    Former Employee - Sales Associate - Real Estate Agent - Realtor in Atlanta, GA

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

    Pros

    Provides great management, and can earn more than average compensation along with flexibility!

    Cons

    It's a lot of hard work that requires confidence and motivation

    Advice to ManagementAdvice

    Doing an awesome job! Keep it up!!

    Recommends
    Positive Outlook
    Approves of CEO
  10.  

    realtor

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Coldwell Banker

    Pros

    large company good advertising many locations

    Cons

    bad pay split, not much help for new realtors

    Advice to ManagementAdvice

    be nicer

  11. 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 for less than a 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

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