Coldwell Banker Real Estate LLC is an American real estate franchise owned by Realogy with headquarters in Madison, New Jersey. It was founded in 1906 in San Francisco.
The company has about 3000 offices in almost 50 countries and territories.
History
After the devastating 1906 San Francisco earthquake and fires, Colbert Coldwell and two partners formed Tucker, Lynch and Coldwell on August 27, 1906. Benjamin Arthur Banker joined the firm as a salesman in 1913, and became a partner in 1914. The company was renamed Coldwell Banker in the same year. Banker and Coldwell remained active in the company throughout their lives.
In the 1970s Coldwell Banker expanded by acquiring real estate firms in Atlanta, Chicago, and Washington, DC.
2005 lawsuit
In November 2005 the company, one of its agents and one of its lawyers were defendants in a lawsuit filed in Middlesex Superior Court, which alleged that Coldwell Banker and the agent hid information from a buyer on serious defects in a property. On December 13, 2011, the Appeals Court affirmed the whole fee award and ordered Coldwell Banker to pay a total of $872,000 in damages and costs.
Trade in Northern Cyprus
A branch in Kyrenia, Cyprus is selling land whose recognized legal owners were forcibly removed from their homes during the Turkish invasion of Cyprus. The legal title to this land has been recognized by the European Court of Human Rights {ECHR) in the case of Loizidou v. Turkey and Apostolides v Orams in the ECJ.
References
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