Coldwell Banker Real Estate history

In 1913, Benjamin Arthur Banker joined the firm as a salesman, and he and Colbert Coldwell quickly discovered they held similar views and ethics.

Banker became a partner in 1914, and the two remained active in the company throughout their lives.

In the 1970s the company expanded by acquiring firms in Atlanta, Chicago, and Washington, D.C. The first international Coldwell Banker office opened in Toronto, Canada in 1996. It opened an office in Phoenix, Arizona, its first outside California, in 1952.

Our roots go back to 1964 when Dan Parker Sr. opened a company bearing his name on Warm Springs Road.

By 1980, Coldwell Banker had also acquired a national referral service (now Coldwell Banker Referral Network), and Previews Inc., an international luxury real estate marketing organization (which has evolved into the present-day Coldwell Banker Previews International®).

The company’s share of the residential real estate market grew from 1.3 in 1981 to over 10% by the end of the decade.

Kennon Realty Services and Dan Parker Realtors® officially opened as Kennon & Parker Realtors® on July 1st of 1987.

In 1989, Sears sold Coldwell Banker's commercial unit to a management-led buyout group including The Carlyle Group for approximately $300 million.

By 1990, Coldwell Banker had locations in all fifty states, and had begun international expansion with offices in Canada and Puerto Rico.

In 1992, Coldwell Banker affiliates became the first to advocate and practice Seller Disclosure well before it was required by law in some states.

Sears sold Coldwell Banker's surviving residential unit to the Fremont Group, a California investment company, for $230 million in 1993.

In 1995, Coldwell Banker became the first national, first-service real estate brand to have a presence online with the launch of www.coldwellbanker.com.

1997 saw parent company HFS merge with CUC International, forming the new Cendant Corporation.

Coldwell Banker started 1998 by continuing to provide unparalleled service to its affiliates, with added benefits and expanded preferred alliances.

In 2002, Coldwell Banker became the first national real estate company selected by the National Concierge Association to receive prestigious membership affiliation for Coldwell Banker Concierge.

At the start of 2006, Coldwell Banker began celebrating its 100th anniversary.

Coldwell Banker Real Estate LLC was named the 2007 Inman Innovator Award winner in the brokerage/franchisor category.

With the end of the federal tax credit for homebuyers, in May 2010, Coldwell Banker launched its first Buyer Bonus Sales Event.

In January 2011, for the second straight year, Coldwell Banker Real Estate earned a spot of the prestigious Training Magazine Top 125 honoring the brand’s learning platform.