Coldwell Banker
3.8 of 5 234 reviews
www.coldwellbanker.com Parsippany, NJ 50 to 149 Employees

Coldwell Banker Reviews

Updated Apr 21, 2014
Coldwell Banker – US – “Coldwell Banker Commercial NRT”

All Employees Current Employees Only

3.8 234 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
234 Employee Reviews
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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

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Commercial Cleaning of Rental Property

Commercial Cleaner of Rental Property (Former Employee)
Columbus, GA (US)

I worked at Coldwell Banker as a contractor for more than a year

ProsFlexible scheduling gives one the opportunity to work around your personal schedule and fits very well for one who has other commitments or is a full-time parent.

ConsWaiting for subcontractors to complete repairs may sometimes slow you down or your schedule may conflict with the timing of when the property is to be available and you must pass.

Yes, I would recommend this company to a friend

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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.

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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

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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.

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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

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Good company, lousy real estate market.

Real Estate Agent (Former Employee)

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

ProsI got good support and training from my office manager and others in the office.

ConsSome of the other agents in the office were real back stabbers. Trust no one.

Yes, I would recommend this company to a friend

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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

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Associate Broker

Associate Broker (Former Employee)
Snellville, GA (US)

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

ProsThe marketing for listings is phenomenal. They provide sufficient resources to properly train and agent.

ConsManagement is not properly trained to deal with different sales personality. They are rigid in their approach to sales, not allowing for agents to properly take the lead in their own success.

Advice to Senior ManagementGrowth in management style would allow agents to become more successful, training sessions are not taken seriously because the sessions are seen as a venting session as oppose to a time for informative review.

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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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

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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

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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 234 reviews are posted anonymously by Coldwell Banker employees.