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|Coldwell Banker is a global brand, which has offices in 47 countries and territories. It has 700 and more offices outside USA. This real estate giant has wonderful history, where each and every stage has shown the sign of improvement and expansion. Coldwell Banker, one of the oldest real estate organizations, was established in 1906 in San Francisco after the ruinous earthquake and fire. The real estate agents of that time were buying and selling the properties just to earn profit and with this common man was being victimized. In that disorganized atmosphere, the idea of establishing the realty company was formulated by Colbert Coldwell, who with other two partners founded the real estate company as Tucker, Lynch and Coldwell on August 27, 1906.
Coldwell Banker History
It is the year 1913, when Benjamin Arthur Banker joined the real estate company as salesperson that Coldwell Banker had touched new heights. With the advent of Coldwell Banker residential life in 1925 there had been transformation into full fledged department in 1937. 1981 can also be considered as a turning point in the history of Caldwell Banker as it had started Coldwell Banker Residential Affiliates Inc. Along with this many types of comprehensive programs were launched for sellers and buyers.
During its journey Coldwell Banker has also acquired numerous other real estate companies. In 1980 it was National Referral Service, which is now known as Coldwell Banker Referral Network. Then it had acquired Previews Inc and was renamed as Coldwell Banker Previews International. Sears, Roebuck and Co. acquired Coldwell Banker in 1981. This acquisition had further helped the Coldwell Banker to grow and expand as the resources of Sears Financial Networks were also being exhausted.
The Coldwell Banker expanded its branches in all the fifty states of USA by 1990 and its residential sector had further improved after the sale of commercial group, which now is known as CB Commercial. It had also expanded internationally with branches in Canada and Puerto Rico. Bechtel Investments, Inc, a private investment company bought Coldwell from Sears. January 1996 Coldwell Banker Real Estate Corporation again bought the rights to sell and buy commercial real estate. In May, HFS Incorporated acquired the Banker, which is the largest franchisor of residential real estate brokerage offices and hotels.
In 1998, Coldwell Banker had started a program called Coldwell Banker Concierge Service Program for brokers. With this program, many real estate services can be accessed by buyers and sellers which are offered by broker affiliates. It is also the first in real estate sector for the establishment of online websites. In 2006, Coldwell Banker became part of Realogy and offers four brands:
In March 2007, Coldwell Banker joined the virtual world, the Second Life. Homes for sale in Mercer Island got 3-D replica with this Second Life. Coldwell Bankers has also won many awards and honors during its course. It won Inman Innovator Award and Named among top Real Estate Franchise by Franchise Times.
- Coldwell Banker
- Coldwell Banker Commercial
- Century 21
- ERA and Sothebys International Realty
Today, Coldwell Banker is a big name in real estate sector that is helping homebuyers, sellers and everyone in the real estate sector.
Contact Details of Coldwell Banker
Coldwell Banker Brand
Senior Director Public Relations
Coldwell Banker Real Estate LLC
1 Campus Drive
Parsippany, NJ 07054
Ph # 973-407-7199