Coldwell Banker

  www.coldwellbanker.com
  www.coldwellbanker.com

Coldwell Banker Reviews

Updated 16 December, 2014
Updated 16 December, 2014
284 Reviews
3.8
284 Reviews
Rating Trends

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Coldwell Banker President and Chief Executive Officer Budge Huskey
Budge Huskey
18 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.  

    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.  

    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
  6.  

    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 (US)
    Former Employee - Support Staff in Burlington, NC (US)

    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
  7.  

    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
  8.  

    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 ManagementAdvice

    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.

  9.  

    Realtor associate

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

    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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