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
2.0
May 15, 2018

Realtor

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Coldwell Banker's name is one that allows realtors the most exposure in my opinion. They do help and offer marketing tools and plenty of continuing education classes.

Cons

Low commission splits and a ton of extra deductions. Coldwell Banker takes so much money out of your check. I am one of the better producers of my branch and my split hasn't reached 60% yet. On top of all of the money they take out, they take another 6% admin fee. Nothing but money being taken out of your pocket. They are the most stingy real estate company and don't care too much about their agents.

1.0
Apr 8, 2017
Recommend
CEO approval
Business Outlook

Pros

Money is stable. Insurance is decent. Intermittent perks like office lunches.

Cons

Turnover rate is more than one employee per month. In a company of less than twenty, that's absolutely horrendous. An experience I wouldn't wish upon anyone—but you truly have to see to believe. Jenny Ames is over-stressed and under-considerate, making unreasonable last-minute demands on her agents and office staff. She changes her mind frequently without "owning it," and prefers to blame instead of admit. Always, always, always behind on deadlines. Verbal attacks are common, which creates a shaky and emotionally unsafe workplace. I overheard her several times suggesting agents who couldn't bend to her "standards" should look for work somewhere else. Jenny preaches "togetherness" and "fun" but practices blatant "me and my priorities first" attitude. The day's schedule is subject to her current "crisis," which in reality is rarely a crisis. For being the face of the company, she does very little service and selling. (And does an awful lot of criticizing, analyzing, and butt-riding.) I did not feel safe, welcome, or appreciated in her presence.

3.0
Aug 6, 2014
Recommend
CEO approval
Business Outlook

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.

Viewing 7 - 9 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.