About Coldwell Banker Real Estate LLC
In the wake of the 1906 San Francisco earthquake, Colbert Coldwell saw how many real estate agents took advantage of victims and decided there was a need for knowledgeable, reliable agents. That same year, he founded his company and in 1914 was joined by Benjamin Arthur Banker, who became a full partner. Today, Coldwell Banker agents handle residential, luxury, resort and commercial real estate sales.
The Coldwell Banker brand is the oldest and most established residential real estate franchise system in North America. In fact, in many ways it was the original real estate “start up.” Founded by young entrepreneurs Colbert Coldwell in 1906 and later Benjamin Banker, Coldwell Banker changed the way people bought and sold homes across America, ultimately becoming one of the most trusted real estate brands in the world.
More than 100 years later, the Coldwell Banker network is still continuously recognized for its innovation and leadership across 3,000 offices in 49 countries and territories. Thus, Coldwell Banker real estate franchise opportunities are proven by many agents worldwide. Owning a Coldwell Banker franchise means gaining access to the resources, technology and brand recognition you need for a successful business.
Inclusive Ownership
The Coldwell Banker brand offers franchising benefits to encourage and facilitate successful residential and commercial brokerage ownership among Military, Minority, Women & LGBTQ+ entrepreneurs in the real estate industry.
Company Founded
1906
Current Leadership
Ryan Gorman, President & CEO
Started Franchising
1982 (39 years)
Total Number of Units
3,198 (as of 2020)
Part-Time / Full-Time
Full Time
How Much Does It Cost To Open A Coldwell Banker Real Estate LLC Franchise?
There are several costs associated with opening a Coldwell Banker Real Estate LLC franchise. There is typically a franchise fee set by the franchisor, which covers the costs of opening a franchise location. Some other commons fees include equipment fees, marketing fees, licensing fees, insurance, and taxes, to name a few.
Some franchises may have a weekly fee that the franchisee pays for operating a Coldwell Banker Real Estate LLC franchise. The weekly fee for opening a Coldwell Banker Real Estate LLC franchise is not specified.
The full breakdown of these fees can be found in the Financial Disclosure Document (FDD) provided to franchisees by the franchisor. The FDD report will contain additional information such as whether the franchise is renewable (Coldwell Banker Real Estate LLC Is Not Renewable) and does the franchise offer financing support (Coldwell Banker Real Estate LLC Coldwell Banker Real Estate LLC offers no financial support).
Coldwell Banker Real Estate LLC Company Details
Here are some additional details about Coldwell Banker Real Estate LLC.
| Parent Company | Realogy Holdings Corp. |
| Initial Investment | $0 - $25,000 |
| Net Worth Requirement | $150,000 |
| Veteran Incentives | Franchise fee waived |
| Royalty Fee | 6% |
| Ad Royalty | Varies |
| Cash Requirement | $75,000 |
| Term of Agreement | 10 years |
| Absentee Ownership | No |
| Run from Home | No |
| Part Time | No |
Training and Support Offered By Coldwell Banker Real Estate LLC
Coldwell Banker Real Estate LLC offers several support options to its franchisees. With 3,198 (as of 2020) units, Coldwell Banker Real Estate LLC aims to provide support to each franchise owner to help them operate a successful franchise location. Coldwell Banker Real Estate LLC offers No on the job training, 15 hours classroom training, and Ongoing training at other locations & via the Internet additional training.
Training and Support Offered
Here are the support options offered by Coldwell Banker Real Estate LLC.
| On-The-Job Training | No |
| Classroom Training | 15 hours |
| Additional Training | Ongoing training at other locations & via the Internet |
| Ongoing Support |
|
| Marketing Support |
|
Is Coldwell Banker Real Estate LLC Right For You?
Coldwell Banker Real Estate LLC has gone digital! Here are all of the ways you can find Coldwell Banker Real Estate LLC online. Oftentimes, you can reach out to current franchisees of Coldwell Banker Real Estate LLC online. Current franchisees may be able to offer personalized insights into what it is like owning a Coldwell Banker Real Estate LLC franchise and offer tips to running a successful Coldwell Banker Real Estate LLC franchise location.
Why Should You Start a Coldwell Banker Real Estate LLC Franchise?
Investing in a Real Estate franchise such as Coldwell Banker Real Estate LLC can kickstart your franchise portfolio. Our goal at Why Franchise is to provide you with the resources needed to be a successful franchise owner. Fill out the form below to get more information about Coldwell Banker Real Estate LLC franchise and we'll be in touch soon!
Related Franchises
Browse other franchises in the Real Estate category
Weichert Real Estate Affiliates Inc.
For 50 years, the Weichert name has been synonymous with.
Request free info
Realty One Group
Realty ONE Group is a dynamic, full-service lifestyle Real Estate.
Request free info
RE/MAX LLC
More Than 45 Years of Outstanding Agents & Outstanding Results.
Liquid Capital Required: $35,000 Request free info
NextHome Inc.
NextHome is a progressive real estate franchise with consumer focused.
Request free info
Keller Williams
As two young real estate agents working for what was.
Liquid Capital Required: $150,000 Request free info