Coldwell Banker Reviews | Glassdoor

Coldwell Banker Reviews

Updated March 28, 2017
38 reviews

Filter

Filter


1.0
Star Star Star Star Star
Rating Trends Rating Trends
Recommend to a friend
Approve of CEO
Coldwell Banker President and Chief Executive Officer Budge Huskey
Budge Huskey
6 Ratings

38 Employee Reviews

Sort: Popular Rating Date

Pros
Cons
  • Franchise fee of 6% along with either a 80/20 or 70/30 commission split (in 30 reviews)

  • No cons except for the fact that its commission (in 16 reviews)

More Pros and Cons

  1. "Morale low, poor communication and "soft skills" needed badly"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook

    Pros

    Plenty of work. Beverages in break room.

    Cons

    The department I worked in, had too much work and not enough employees. Many employees were willing to put in the time to get the work completed and hit their deadlines. HOWEVER, they were told NOT to put in any overtime.
    Several of these employees were also new to CBC Advisors. They told me they had minimal training, if any.
    One manager told me repeatedly they did not trust the majority of those that reported to her/him. On a side note, I later was told by a co-worker that this same manager said they "hated" a specific employee they supervised. This same manager desperately needs to pick up people skills. Including how to: 1) TRUST!, 2) address issues/problems correctly and 3) not humiliate people in public (this makes everyone uncomfortable, even those not involved).
    Reports for each property varied due to a desire to cater to each owners' wants. Is it possible to customize things yes. However, keep some consistency.

    Advice to Management

    TRAIN!!!! Train on how to communicate. Train on proper soft people skills. Train on how to use proper tact.
    The vision of becoming an elite property management company is great. However, you do NOT need to cater completely to each property owners wants. Yes, you can customize a little. IF you setup a "standard", and do it with excellence, you will move towards being an elite property management company.


  2. "Run don't walk"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Coldwell Banker full-time

    Pros

    You have an office space to utilize... Teams within are very good for new agents

    Cons

    Where to start. No one is REALLY willing to help unless it benefits them in some way. They are raping you with the cut they take! What they offer you in return IS NOT WORTH IT!!!! Competitive even within your own office.

    Advice to Management

    Stop being fake and help! Helping your agents helps you!


  3. "The Bernardi Group at Coldwell Banker"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Realtor in Boulder, CO
    Former Employee - Realtor in Boulder, CO
    Doesn't Recommend
    Negative Outlook

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

    Pros

    Unfortunately, there was nothing positive about my experience with this awful group.

    Cons

    The compensation was grossly misrepresented by the team leader who can change your compensation at anytime. This is a group of pilot fish fighting over scrapes from the team leader, who is a true predator and shark.

    Advice to Management

    retire


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. "Licensed Real Estate Agent"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Licensed Real Estate Agent in New York, NY
    Former Employee - Licensed Real Estate Agent in New York, NY

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

    Pros

    Make your own flexible schedule

    Cons

    Bad publicity caused by senior management


  6. "Bad Career Choice"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    This company has good name recognition, the marketing department is exceptional and training opportunities are abundant.

    Cons

    In my opinion, the compensation is the worst in the industry. Many times the managers are inexperienced.

    Advice to Management

    Don't just put a warm body in a position of authority. Please insure they have the experience to supervise others and manage the company.


  7. "Broker Associate"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate Broker in Arcadia, CA
    Current Employee - Associate Broker in Arcadia, CA
    Doesn't Recommend
    Negative Outlook

    I have been working at Coldwell Banker part-time

    Pros

    Great office location, nice building

    Cons

    Not very friendly environment, not very supportive

    Advice to Management

    Be more supportive, more nurturing towards new agents besides trainings


  8. "Not Worth It"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Cincinnati, OH
    Current Employee - Anonymous Employee in Cincinnati, OH
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I have been working at Coldwell Banker full-time

    Pros

    Clean office, I'm not being bitter but the cons outweigh the pros so I can't come up with anymore.

    Cons

    Poor management, no diversity in the company, little to no pay, 30 min lunch, I'd like to say more but I'll leave it at that.

    Advice to Management

    Offer proper training to new employees and ditch the favorite employee game.


  9. Helpful (2)

    "Senior Asset Manager"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Killeen, TX
    Former Employee - Anonymous Employee in Killeen, TX
    Doesn't Recommend
    Neutral Outlook

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

    Pros

    Purchased by national Caldwell banker

    Cons

    Laid off after purchase by national Caldwell banker


  10. Helpful (1)

    "Smoke and Mirrors"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    Put on a good show.

    Cons

    Expect no follow through on promises. They will tell you what you want to hear and take advantage of your resources. Very dishonest and greedy. Beware.

    Advice to Management

    You can't ride and tarnish the corporate name forever. The last franchise owner in this area already tried that and you'll join him soon enough.


  11. "Realtor"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Contractor - Realtor in Kailua, HI
    Current Contractor - Realtor in Kailua, HI
    Doesn't Recommend
    Negative Outlook

    I have been working at Coldwell Banker as a contractor (More than 10 years)

    Pros

    Working with people, and finding and selling their homes.

    Cons

    Real estate is a cut throat business. Other agents steal clients. It's hard to work with so many morally corrupt people.

    Advice to Management

    Don't let older clients, steal from others.



Showing 38 of 588 reviews
Reset Filters