Coldwell Banker reviews

3.9

68% would recommend to a friend

(2,195 total reviews)
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Susan Yannaccone

74% approve of CEO

66% positive business outlook

Coldwell Banker has an employee rating of 3.9 out of 5 stars, based on 2,195 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 Real Estate industry (3.8 stars).

Reviews by job title

2K reviews
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.

4.0
Nov 15, 2017
Recommend
CEO approval
Business Outlook

Pros

Comprehensive training program with a dedicated branch manager that can help you with anything you may need. Plenty of senior agents that need help with open houses - may lead to co-listing. Lots of opportunity for networking, and further professional training.

Cons

Smaller commission and less personalized training than you might get from a smaller firm. High cost to join and maintain status within the company. Can feel like a Real Estate Agent mill, churning and burning new agents like a machine. Deciding to move on (and stop paying fees to the company) will instantly kill any warm relations you have with them.

Viewing 52 - 54 of 2,195 Reviews

Glassdoor has 2,825 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.