Coldwell Banker Reviews

Updated April 10, 2015
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  1. Helpful (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

    Doesn't Recommend
    Neutral Outlook
    Doesn't Recommend
    Neutral Outlook

    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 Management

    Think more bottom up rather than top down

  2. 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

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    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.

  3. 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

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    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 Management

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

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  5. Happily employed.

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

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

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    Great office w/ fair management and supportive coworkers.

    Cons

    Can be tough to break into Duxbury market.

  6. Helpful (4)

    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)

    Doesn't Recommend
    Neutral Outlook
    Doesn't Recommend
    Neutral Outlook

    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 Management

    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.

  7. Helpful (1)

    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)

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    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 Management

    Consider providing a CRM to help agents create more closings.

  8. 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 Management

    Nothinng

  9. Great "brand"

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Coldwell Banker

    Pros

    Has great name/brand recognition at all price points (low-, medium-, and high-priced housing). It also has great software/technology for agents to utilize.

    Cons

    The company takes a large chunk of each agent's commission in return for "services" that many agents don't necessarily utilize or find helpful (e.g. educational offerings that are not particularly helpful).

    Advice to Management

    Managing brokers need to provide more support and guidance to individual agents because their job is to be a seasoned support system, not to transact real estate themselves.

  10. 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)

    Recommends
    Neutral Outlook
    No opinion of CEO
    Recommends
    Neutral Outlook
    No opinion of CEO

    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.

  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

    Recommends
    Recommends

    Pros

    Excellent tech support lots of help

    Cons

    A lot to learn about marketing

    Advice to Management

    Keep doing it

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