Coldwell Banker reviews

3.9

70% would recommend to a friend

(2,191 total reviews)
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Susan Yannaccone

74% approve of CEO

67% positive business outlook

Coldwell Banker has an employee rating of 3.9 out of 5 stars, based on 2,191 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Coldwell Banker employee rating is in line with the average (within 1 standard deviation) for employers within the Bienes raíces industry (3.8 stars).

Reviews by job title

2K reviews
5.0
Jun 14, 2018

Coldwell Banker is a Great Place to Work!

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

There is a lot of support offered to the agents to help us succeed. There are weekly training courses, management with tons of experience and knowledge, and top-notch agents that all work with and encourage one another.

Cons

Because the company is a corporation, there can be strict guidelines as to how each Realtor can market himself/herself and his/her listings. This can also be a plus, though, due to the brand awareness of Coldwell Banker in general.

1.0
Feb 16, 2018
Recommend
CEO approval
Business Outlook

Pros

Free coffee and soda....that's it.

Cons

Accounting Director has no idea how to manage or motivate people. She has no warmth or compassion, you feel like you're working for a robot. She desperately needs management training. Terrible company culture, everyone is trying to cover themselves even if it means throwing others under the bus. You will not make friends here. The CEO has no idea what's going at the department level. I've been here over two years, he doesn't even know my name. Management in this department is very secretive. They instituted monthly meetings - supposedly to get input and let people know what was going on but the fact that the meetings are constantly cancelled tells you they don't care what you think and they're fine with you being in the dark. It's a terrible place to work. All but two people are actively looking for other jobs. They give you a huge workload and then refuse to pay overtime. So, you either wind up working for free or they tell you you're doing a bad job even when you express the workload is too heavy for 40 hours. If you're looking for a job where they will underpay, undervalue and overwork you, this is the right place. Otherwise, keep looking. In such a small department, there shouldn't be a 20 person turnover in two years.

2.0
Dec 29, 2017
Recommend
CEO approval
Business Outlook

Pros

There are a lot of classes and agents, so it has a fun atmosphere.

Cons

50% of agents fail their first year - I suspect it's due to the Coldwells, KWs and Remax offices that take what ends up to be 40% of your commission, plus monthly fees and zero leads (you have to pay extra for that even though they use your listings and website leads to sell to the agents that buy leads). You still have taxes, healthcare, mileage and your marketing expenses. This model has become archaic. There are SO many emerging brokerages that take 0-10% splits, even for new agents.

Viewing 52 - 54 of 2,191 Reviews

Glassdoor has 2,820 Coldwell Banker reviews submitted anonymously by Coldwell Banker employees. Read employee reviews and ratings on Glassdoor to decide if Coldwell Banker is right for you.