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
1.0
Aug 4, 2008
Recommend
CEO approval
Business Outlook

Pros

Independent contractor status. Name brand recoginition. New agent training was good.

Cons

All the cards are stacked in Coldwell Banker's favor. High "referral fees" for deals not even facilitated by Coldwell Banker simply because the other broker happened to work for a Coldwell Baker or associated firm. Relocation "Referral" fees are huge too. The agent does all the work and is capped on the commission they can receive. Coldwell Banker takes the rest. Coldwell Banker will NOT release you listings when you leave. It takes a long time to climb the commission ladder. Have a bad year and Coldwell Banker knocks reduces your commission split. Don't forget that the commission split is set AFTER the franchise fee...so Coldwell Banker takes 6% off the top before they start paying you. Most local brokers have their "favorite" agents and the good leads go to them. Coldwell Banker also pushes their own mortage, title and warranty companies. Agents get nothing for referrals to those programs...but Coldwell Banker makes huge money on them.

5.0
Jul 22, 2008
Recommend
CEO approval
Business Outlook

Pros

Worldwide name brand recognition.Previews International allows me to sell any place in the world.CBNET has tools that I utilize every day.Very good national advertising campaign.Fantastic owner/broker always available for all my needs.

Cons

I have not found any as of right now.I started working for Coldwell Banker Feb.14,2007.Ended up as Rookie agent of the Year in the Southampton office for 2007!

4.0
Jun 20, 2008
Recommend
CEO approval
Business Outlook

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.

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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.