Coldwell Banker Unveils New Logo as Part of Rebranding Initiative
Adopting a unique approach, the rebranding process will be transparent and interactive; agents, brokers and consumers will be able to participate as the logo is tested in the field, finalized and ultimately unleashed as anew visual identity in 2020.
Coldwell Banker Real Estate LLC has announced a new vision for its brand and kicked off "Project North Star," a transparent rebrand. The brand revealed a new logo onstage at the Generation Blue Experience® in Las Vegas.
The most striking addition to the logo is the star in the top right corner. "The CB North Star symbolizes the brand's position in real estate as a consistent, reliable presence guiding us all home," said a press release announcing the new logo. "The new CB North Star mark is a visual representation of the brand's commitment to excellence. It is clean and simple, yet elegant. It is modern but still pays homage to the brand's storied 113-year history. The North Star also symbolizes the Coldwell Banker® network. Even in a new real estate landscape, agents remain a constant, guiding consumers as they navigate the home buying and selling process."
A transparent process led to the rebranding, noted executives.
"We wanted every single one of our agents to be on this journey with us, so we decided to take the unconventional - but crucial - step of making this a transparent rebrand," said Charlie Young, chief executive officer and president, Coldwell Banker Real Estate LLC. "Agents and brokers deserve to understand the upcoming changes; and to leverage those changes in the way that makes the most sense for their business.
With something as far-reaching as a rebrand, we know that the right thing to do is give our network as much notice as possible and include them in the process. That's why we've designed this with an open, transparent structure. This rebrand is also more than just a new logo, we're recommitting to our mission and remaining laser-focused on our future and our growth."
According to the press release, Coldwell Banker will test the new logo in real-world scenarios providing an opportunity to collect feedback. Based on the results and data collected, the brand will modify and refine materials including marketing collateral, building signs and yard signs to create a final product that represents the brand and meets the needs of the network.
In keeping with the transparent process, the brand will release updates periodically on its social channels. The brand believes that this phased approach will best serve its brokers and agents, because it allows them time to plan for the transition that will begin in January 2020, while also giving them a voice in the process.
Alongside the logo, the brand also announced a new mission statement, "We empower our people to leave their mark on the world of real estate," and recommitted to its core values - home, awesomeness, ingenuity and excellence. In initial research, agents across many brands had an overwhelmingly positive response to the new mission statement and core values. The mission statement had an 80 percent approval rating, each core value scored between 86 percent and 97 percent. In initial testing, consumers said the new logo represents an "innovative" brand 80 percent more often than the existing logo.
Project North Star is being supported by Coldwell Banker's longtime advertising and design agency, Siltanen & Partners.