LoopNet Reviews

Updated October 8, 2014
Updated October 8, 2014
57 Reviews
3.3
57 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
LoopNet President, LoopNet Marketplace Fred Saint
Fred Saint
19 Ratings

Review Highlights

Pros
  • Happy hours, free commuter checks, subsidized gym membership, free ball game tickets, hep working space (in 9 reviews)

  • Happy hour on Fridays, free breakfast on Mondays (in 5 reviews)


Cons
  • In fact, there are some services that are less expensive online than through the sales team (in 5 reviews)

  • very cut-throat when you do not hit goal no matter what condition the commercial real-estate industry is in (in 3 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Great place to learn how to sell

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Territory Manager in San Francisco, CA
    Current Employee - Territory Manager in San Francisco, CA

    I have been working at LoopNet full-time (more than an year)

    Pros

    Training, chance to fail, chance to learn, chance to thrive

    Cons

    Factory. If you don't like being a number then it is not right for you.

    Advice to ManagementAdvice

    Integrity matters. In an organization of that size if there is no integrity there it is hard to keep the soldiers in line.

    Recommends
    Neutral Outlook
    Approves of CEO
  2.  

    Nepotism at it's best

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at LoopNet full-time (more than 3 years)

    Pros

    easy work, stress free

    The benefits are great but I hear they are getting worse and worse.

    Cons

    You won't learn much here, you won't get promoted, they don't value innovation, they just copy what every one else is doing

    Advice to ManagementAdvice

    Promote from within, be aware that middle managers are unnecessary and overpaid.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  3.  

    Great place to get an intro to sales, if that's the career you want.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Territory Representative in San Francisco, CA
    Former Employee - Territory Representative in San Francisco, CA

    I worked at LoopNet full-time (less than an year)

    Pros

    Great training, encouraging staff- even if the use some negative psychological tactics to motivate you, overall everyone means well and wants you to succeed. Team oriented environment, perks like game room, prizes for achievements, and free lunches/breakfasts.

    Cons

    It's sales? I don't belong in sales, so I think my review is naturally going to biased. Poor base salary, you are basically below the poverty level for SF. Sure you make commission, but that one paycheck where you don't make any or very little, it really hurts. The call time is awful, when I worked there you had to be in at exactly 7:30am. Which is great to beat the traffic, but when you're commuting (and let's be honest where else are you going to live, but far away when you make so little), it blows.

    Advice to ManagementAdvice

    I think management has changed since I worked here. The negative psychology stuff is disgusting to me. I always did better with someone sitting me down and saying, "hey, you've got to perform better, or we can't keep you on staff." Rather than someone criticizing my character or calling me by my last name and yelling to me to hustle across the sales floor. But that's just me, some people do really well with the competitive pressure.

    Doesn't Recommend
    Approves of CEO
  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review
  5.  

    Lack of clear direction from up top

    Current Employee - Intern in San Francisco, CA
    Current Employee - Intern in San Francisco, CA

    I have been working at LoopNet as an intern (less than an year)

    Pros

    Great management team, get people to work around everday

    Cons

    Upper level executes cannot deliver on clear direction of company

    Recommends
    Negative Outlook
    No opinion of CEO
  6.  

    LoopNet was a great stepping stone.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Territory Representative
    Former Employee - Territory Representative

    I worked at LoopNet full-time (less than an year)

    Pros

    -Great first job out of college
    -Resume builder
    -Great people
    -Can make money if you work hard
    -Great basic sales training
    -No prospecting, get 40+ new leads a day

    Cons

    -Low commission structure
    -You are the typical 'telemarketer' reaching out to people who fill out online lead forms. Those are not 'warm' leads, there simply giving there name number and email address to get free access to the website. then you call and harass them to pay for a premium membership so they can see more properties and get more exposure. Same pitch, every day. Redundant, tedious, hard-pressurized selling tactics
    -System is built for high turnover, that tells you something right there
    -Micro managing 'regional managers', whose only job is to 'help' you hit your target. AKA breathe down your back and ask you whats going on, meanwhile bringing no value to the table.
    -LOTS of cold calling. 80+ a day. (very respectable when applying for future sales positions)

    Despite all the cons, I learned a lot of great basic selling skills, gained phone presence and confidence, and I was able to land a legit sales job because of what I learned at LoopNet. make the most of it while you're there, stay a year to put on your resume and get out.

    Advice to ManagementAdvice

    Better communication from top down to bottom.
    Performance pay does not match vision of the company.
    Give us more 'listing leads', forget where our 'territory' is, its irrelevant.
    Eliminate the pay on premium searcher and stop giving us those leads

    Recommends
    Negative Outlook
    Disapproves of CEO
  7.  

    Great Sales Training

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Territory Representative in San Francisco, CA
    Former Employee - Territory Representative in San Francisco, CA

    I worked at LoopNet full-time (more than an year)

    Pros

    Learn to sell, Great environment, Great Benifits

    Cons

    Inside sales your in a cubical sell the same thing over and over, Lack of product variety.

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
  8.  

    LoopNet is a fun place to work with great people.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in San Francisco, CA
    Current Employee - Anonymous Employee in San Francisco, CA

    I have been working at LoopNet full-time (more than an year)

    Pros

    Office is across the street from the Giants Stadium. Friendly, creative, and fun work environment, snacks, fruit, and beverages available.

    Cons

    Happy hours have been cut down to once a month. Paid holiday schedule has decreased. Not a dog friendly working area.

    Advice to ManagementAdvice

    Reward your employees with better incentives

    Recommends
    Positive Outlook
    Approves of CEO
  9.  

    Great Environment with excellent advancement opportunities if you reach for them.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in San Francisco, CA
    Current Employee - Anonymous Employee in San Francisco, CA

    I have been working at LoopNet full-time (more than 8 years)

    Pros

    The people are wonderful.
    The products are great.
    There are a ton of growth opportunities for those who perform and are focused.

    Cons

    There isn't as much communication coming from the top management as their used to be. The feedback loop on individual and team performance could be improved as well.

    Advice to ManagementAdvice

    Open up communications with the various teams and reap the amazing benefits of their knowledge...other than that, keep doing what you're doing.

    Recommends
    Positive Outlook
    Approves of CEO
  10.  

    Great work environement with great people!!!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Marketplace in San Francisco, CA
    Current Employee - Marketplace in San Francisco, CA

    I have been working at LoopNet full-time (more than 3 years)

    Pros

    Fast moving dynamic company with the benfits of a large established company.

    Great people doing really exciting things in commercial real estate. I am continually challenged and always learning new things, while still having fun.

    Cons

    More corporate than it used to be, but with 2,000 employees i think it needs to be.

    Advice to ManagementAdvice

    Keep striving to dominate the commercial real estate marketing space.

    Recommends
    Positive Outlook
    Approves of CEO
  11. 2 people found this helpful  

    Work hard - Play hard. - Good stable company that has a balance between the start-up and corporate feel.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Product Manager in San Francisco, CA
    Current Employee - Product Manager in San Francisco, CA

    I have been working at LoopNet full-time (more than 3 years)

    Pros

    Experienced leadership that is heavily involved, great opportunities to grow, subsidized gym membership, happy hours, realistic budgets, company is #1 in the industry, stable company that rewards hard workers, good compensation, free breakfast, fun company events, view of the ball park, . There is a reason good employees tend to stick around.

    Cons

    Half of management is on the east coast which makes meetings and project coordination a challenge

    Advice to ManagementAdvice

    Keep employees in the Loop on initiatives and they will stay motivated

    Recommends
    Positive Outlook
    Approves of CEO

LoopNet Photos

Work at LoopNet? Share Your Experiences

LoopNet

 
Click to Rate
or

Your response will be removed from the review – this cannot be undone.