Coldwell Banker
3.8 of 5 232 reviews
www.coldwellbanker.com Parsippany, NJ 50 to 149 Employees

Coldwell Banker Reviews

Updated Apr 14, 2014
Coldwell Banker – US – “Coldwell Banker Commercial NRT”

All Employees Current Employees Only

3.8 232 reviews

                             

88% Approve of the CEO

Coldwell Banker President and CEO Jim Gillespie

Jim Gillespie

(104 ratings)

77% of employees recommend this company to a friend
232 Employee Reviews
Relevance Date Rating
in

Review Highlights

Pros:
  • "The training is helpful as well as the brand name recognition"
    in 13 reviews
  • "Formal training program on the in's and out's of real estate a good knowledge basis"
    in 10 reviews
Cons:
  • "tier based commission splits, although this is a trade off in exchange for no desk fees"
    in 16 reviews
  • "sometimes inflexible, no benefits for realtors"
    in 8 reviews
  • Show more review highlights

Reviews

  • Work/Life Balance
         
  • Senior Management
         
  • Comp & Benefits
         
  • Career Opportunities
         

 

Lots of opportunity to learn

Sales Person (Current Employee)
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 Senior ManagementThis 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.

Yes, I would recommend this company to a friend

Was this review helpful?
Yes | No
Add Employer Response Flag Review

  • Work/Life Balance
         
  • Senior Management
         
  • Comp & Benefits
         
  • Career Opportunities
         
  • No Opinion of CEO

 

Good company, but not unlike the others.

Real Estate Broker (Former Employee)
Toronto, ON

I worked at Coldwell Banker

ProsColdwell 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.

ConsFlow 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 Senior ManagementEncourage more internal team work.

Yes, I would recommend this company to a friend

Was this review helpful?
Yes | No
Add Employer Response Flag Review

  • Work/Life Balance
         
  • Senior Management
         
  • Comp & Benefits
         
  • Career Opportunities
         
  • Approves of CEO

 

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

Information Technology (Current Employee)
Victoria, BC

I have been working at Coldwell Banker

ProsThe 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.

ConsToo focused on American market.

Advice to Senior ManagementBuild 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.

Yes, I would recommend this company to a friend

Was this review helpful?
Yes | No
Add Employer Response Flag Review

 

Great overall real estate company.

Anonymous Employee (Former Employee)

I worked at Coldwell Banker

ProsAwesome training program. Very supportive employees and superiors. Everyone is always willing to help you get started or with any questions/problems you may come across. Very much a teamwork environment. CB holds their agents to a higher standard than many other companies.

ConsYour commission split starting out isn't the greatest, but that just comes along with starting out in real estate at most places. This could also be considered a pro, but you have to work very hard to earn every penny. CB tries to help out, but this is just the nature of real estate.

Was this review helpful?
Yes | No
Add Employer Response Flag Review

  • Culture & Values
         
  • Work/Life Balance
         
  • Senior Management
         
  • Comp & Benefits
         
  • Career Opportunities
         
  • Approves of CEO

1 person found this helpful  

I worked as a new agent there from 2005-2009

Broker Associate (Former Employee)
Fort Collins, CO (US)

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

ProsNice, pleasant office with good support staff. Professional work environment. Good name in the business.

ConsNO leads whatsoever. Expensive commission splits. Didn't get a lot for my money

Yes, I would recommend this company to a friend

Was this review helpful?
Yes | No
Add Employer Response Flag Review

  • Culture & Values
         
  • Work/Life Balance
         
  • Senior Management
         
  • Comp & Benefits
         
  • Career Opportunities
         
  • No Opinion of CEO

 

Good pay for the part-time hours.

Receptionist (Former Employee)

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

ProsEasy hours, regular pay raises, generally pleasant low-stress atmosphere. Tasks were simple to learn and complete, and it wasn't hard to get into a good rhythm. I received enough cross-training to be ready for the job above me within a year's time.

ConsLower pay and very expensive healthcare. They do not value finding solutions to retain employees regardless of performance when business runs low. Downsizing the staff and then loading extra tasks onto already busy employees that remain is the solution.

Was this review helpful?
Yes | No
Add Employer Response Flag Review

  • Culture & Values
         
  • Work/Life Balance
         
  • Senior Management
         
  • Comp & Benefits
         
  • Career Opportunities
         
  • No Opinion of CEO

 

Good Company with Good Training

Anonymous Employee (Former Employee)

I worked at Coldwell Banker full-time for more than 8 years

ProsBest training in the industry. The key is aligning yourself with the right manager who truly cares about their team.

ConsAgents have to pay for EVERYTHING to run the business. It's a commission based world so if you don't budget properly, your debits become greater than your credits :(

Advice to Senior ManagementCome up with a cash incentive to all employees, not just the top producers in the company. Hard working agents who don't get recognized at awards celebrations feel unappreciated and deflated, especially in a down market.

Yes, I would recommend this company to a friend

Was this review helpful?
Yes | No
Add Employer Response Flag Review

  • Culture & Values
         
  • Work/Life Balance
         
  • Senior Management
         
  • Comp & Benefits
         
  • Career Opportunities
         

1 person found this helpful  

Professional

Realtor (Former Employee)
Las Vegas, NV (US)

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

ProsExcellent support, clean work enviorment.

ConsCommission Based, its all a number game.

Advice to Senior ManagementMaintain great support

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

Was this review helpful?
Yes | No
Add Employer Response Flag Review

  • Culture & Values
         
  • Work/Life Balance
         
  • Senior Management
         
  • Comp & Benefits
         
  • Career Opportunities
         
  • Approves of CEO

 

Great People and Great Place

Intern (Current Employee)
Glendale, CA (US)

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

ProsWork was rewarding. The office was really nice. Upper level employees all wanted assistance which served as learning opportunities

ConsIf the market is slow work is strictly networking and mailing flyers

Advice to Senior Managementkeep on doing what youre doing

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

Was this review helpful?
Yes | No
Add Employer Response Flag Review

  • Culture & Values
         
  • Work/Life Balance
         
  • Senior Management
         
  • Comp & Benefits
         
  • Career Opportunities
         
  • No Opinion of CEO

1 person found this helpful  

Good company

Anonymous Employee (Current Employee)

I have been working at Coldwell Banker

ProsGood name to work for they are well known in the real estate industry

ConsCommission split not good and high yearly fees

Advice to Senior ManagementOffer a better commission split

No, I would not recommend this company to a friend

Was this review helpful?
Yes | No
Add Employer Response Flag Review
RSS Feed Embed

Worked for Coldwell Banker? Contribute to the Community!

Your response will be removed from the review – this cannot be undone.

Glassdoor is your free inside look at Coldwell Banker reviews and ratings - including employee satisfaction and approval ratings for Coldwell Banker CEO Jim Gillespie. All 232 reviews are posted anonymously by Coldwell Banker employees.