Coldwell Banker Reviews

Updated 29 August, 2014
Updated 29 August, 2014
262 Reviews

4.0
262 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Coldwell Banker President and Chief Executive Officer Budge Huskey
Budge Huskey
9 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
  • tier based commission splits, although this is a trade off in exchange for no desk fees (in 17 reviews)

  • Unpaid, no benefits and you pay for your own advertising resources (in 9 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Lots of opportunity to learn

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Sales Person  in  Toronto, ON
    Current Employee - Sales Person in Toronto, ON

    I have been working at Coldwell Banker

    Pros

    - Office Manager is always willing to help
    -Lots of training programs for new agents in the company
    -recognition for sales acheivments through awards
    -website at discounted cost

    Overall the support staff and the office management are quite good. The office manager is always willing to sit and speak with you on ways to improve your business

    Cons

    -commission splits could be a little better
    -offices are expensive to rent
    -preference given to agents that make lots of money
    -little guys get few referals from company

    Advice to ManagementAdvice

    This is a sales job so advancement is based really on how much money you make yourself. If you want a Broker license you have to go and get it yourself as in any company. Its a large company and at times you can fee quite small.

    There should be a way for the little guys like me (less than 100k per year) to get better leads from the company.

    Recommends
  2.  

    Good company, but not unlike the others.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Real Estate Broker  in  Toronto, ON
    Former Employee - Real Estate Broker in Toronto, ON

    I worked at Coldwell Banker

    Pros

    Coldwell banker is an International Brand which can be a great asset to those who work with relocations. They provide some great tools and resources for non technical people. If you are tech savvy, you will want to do your own thing, as you can create your own brand and make it look a little more professional than the standard templates offered. While there are guiding principals from head office, many of the brokerages are independently owned which means no two are the same. Like any other industry, you'll want to interview a few different companies (brokers) to ensure you end up with one that suites your needs. Some are well suited to support new entrants in to the industry while others do not provide much hand holding and are geared towards those with experience.

    Cons

    Flow of communication. It's really an industry problem because people within the same office view each other as competitors. Unfortunately there is very little team work in this industry.

    Advice to ManagementAdvice

    Encourage more internal team work.

    Recommends
    No opinion of CEO
  3.  

    Progressive real estate company is a good place for IT workers.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Information Technology  in  Victoria, BC
    Current Employee - Information Technology in Victoria, BC

    I have been working at Coldwell Banker

    Pros

    The industry is dong things that are very interesting with information technology - trying to stay ahead of the moving target. Coldwell Banker is putting a lot of resources into this, as they should, trying to anticipate where the world will be in the future so it arrives there at the same time. Good location for someone interested in where IT is going.

    Cons

    Too focused on American market.

    Advice to ManagementAdvice

    Build flexible pieces that any one can use to create their own services, rather than the one size fits all we'll do it all for you approach.

    Recommends
    Approves of CEO
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  5. 1 person found this helpful  

    Coldwell Banker is doing fine job.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Sales Representative  in  Monroe, MI (US)
    Current Employee - Sales Representative in Monroe, MI (US)

    I have been working at Coldwell Banker as a contractor for more than 10 years

    Pros

    Unlimited potential. Broker is active, responsive, and has talent.

    Cons

    I'd like to see them add benefits such as : health care, retirement planning, and tax planning.

    Recommends
    Positive Outlook
    Approves of CEO
  6. 1 person found this helpful  

    Best place for new agents

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Sales Associate  in  Clinton, NJ (US)
    Former Employee - Sales Associate in Clinton, NJ (US)

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

    Pros

    Great company support for both new and seasoned agents. This is a first class top service real estate agency that truly cares about their customers and agents.

    Cons

    Some local managers tend to play favorites making it difficult for less popular agents who ironically need their guidance and support the most.

    Advice to ManagementAdvice

    Keep on top of local management to enforce fairness.

    Recommends
    Positive Outlook
    No opinion of CEO
  7.  

    Good Company

    Former Employee - Anonymous Employee  in  Sarasota, FL (US)
    Former Employee - Anonymous Employee in Sarasota, FL (US)

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

    Pros

    The people and management were great. They offer a good vacation schedule and benefits in the regional head quarters. They also fostered a friendly work environment by hosting friendly competitions throughout the year for prizes

    Cons

    They would rarely increase wages and when they did it wasn't enough to make any difference

    Recommends
    Approves of CEO
  8.  

    Wonderful place to work.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Realtor  in  Jacksonville, NC (US)
    Former Employee - Realtor in Jacksonville, NC (US)

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

    Pros

    Working here was a dream come true. Friendly helpful. Knowledgable about full scope of business Was easy to get started in this business and that is the first hurdle in this line of work

    Cons

    There wasn't any cons. You make your own business in this industry. So it's up to you that you pass or fail. Not the company. So if you are a self starter. This is the place

    Recommends
    Positive Outlook
    Approves of CEO
  9.  

    Great training, low commission

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Realtor  in  San Diego, CA (US)
    Former Employee - Realtor in San Diego, CA (US)

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

    Pros

    As a new agent I appreciated the initial training, having a manager on site that was there to answer questions & provide support (rather than sell) and weekly trainings in the office. The recognized brand is also helpful.

    Cons

    The commission split is low compared to other brokerages. I considered this a trade off for the support I was receiving however, it made it difficult to survive with a few initial transactions.

    Advice to ManagementAdvice

    Continue to offer the great training. Allow for quicker increases in commission...maybe after the first transaction?

    Recommends
    Positive Outlook
    No opinion of CEO
  10.  

    Perfect internship for students currently enrolled in class

    • Senior Management
    • Culture & Values
    Current Employee - Student Intern  in  Waco, TX (US)
    Current Employee - Student Intern in Waco, TX (US)

    I have been working at Coldwell Banker as an intern for less than a year

    Pros

    All employees are super friendly and always willing to help you out, answer your questions, and make sure you're having a good time. Some of the employees graduated from Baylor and so they talk about Baylor a lot. They're willing to work with your school schedule and are very flexible. Some days you are swamped with errands, but most of the time you're free to do your school work while you wait for an assignment.

    Cons

    I had to drive around the town a lot, running all kinds of errands for everyone. But luckily, Waco is a small town.

  11.  

    Too much out of pocket both in time and money.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Real Estate Agent  in  Sarasota, FL (US)
    Former Employee - Real Estate Agent in Sarasota, FL (US)

    I worked at Coldwell Banker for less than a year

    Pros

    Brand recognition. That's it.

    Cons

    Too much out of pocket both in time and money.

    Nothing provided for your success beyond long classroom setting training.

    Much of the initial training is elementary. Many of us in those classes noted the same, as if they were teaching people the basics of what most would consider common sense. Beyond that, many of us were turned off by the inauthentic ways of dealing with people, akin to neuro-linguistic programming others.

    Percentage to agents on sales no comparison to smaller brokerages.

    Broker receives a salary ... CB corporation receives the commission. Broker has little incentive but to make headcount for his/her office with sights set on corporate promotion out of the brokerage and a raise in salary.

    Charging the agents for nearly everything, except their first name tag and pack of business cards. Again, no incentive if the agents are already paying for everything that they could purchase on their own.

    Advice to ManagementAdvice

    Should not use real estate sales techniques to sell agents on the brokerage, especially new agents. If you are an agent, you know what that means. That is not how to build loyalty in an agent.

    Also, give new agents 1-2 years without fees, even if that means via employment agreement. Invest in them rather than the current corporate structure. Help them succeed and give them incentive to stay with CB long-term.

    Doesn't Recommend
    No opinion of CEO

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