LoopNet

  www.loopnet.com
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LoopNet Reviews

Updated June 11, 2014
Updated June 11, 2014
60 Reviews

3.4
60 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
LoopNet President, LoopNet Marketplace Fred Saint
Fred Saint
17 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

    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.  

    Lack of clear direction from up top

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

    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
  3.  

    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

    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
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  5.  

    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

    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
  6.  

    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

    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
  7.  

    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

    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
  8.  

    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

    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
  9. 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

    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
  10.  

    Great place to work! Industry leading products plus great benefits, perks and work environment

    • 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

    Pros

    I've worked at LoopNet a long time and have appreciated the opportunities to move up and grow in my career.

    Here are the best parts of working at LoopNet:
    - Designing, creating and building new technology that is improving the professional lives of our customers (commercial real brokers, agents, investors, developers, etc) and helping to re-shape and modernize an industry
    - The CEO of CoStar (parent company to LoopNet) and President of LoopNet have both founded and built their own companies from the group up and are entrepreneurs at heart
    - Strong vision and financial management from the c-suite has more than doubled the market cap in the last 12 months
    - Management actively seeks input from employee and responds to feedback
    - Opportunities to find and work on projects that excite you
    - HR and the leadership team care about the employees and help put people on the right career track
    - Coworkers that are supportive and who appreciate/respect the work/life balance at LoopNet
    - The benefit package and office perks are great (partially paid for my master’s degree, plenty of PTO, subsidizes public transit, provides a locked room for bike storage, pays 80% of the gym membership, free snacks in the office, regular happy hours, Giants games, etc)
    - The company was supportive and respectful when my children were born, enabling me to spend more time supporting my wife and kids
    - Great location in the heart of SOMA

    Cons

    I don't have any major cons about LoopNet. Sure, as the company has grown from a start-up to a 2,000 person company, there are more protocols and work rules, but that is no different than any other mid/large size company.

    Advice to ManagementAdvice

    Keep investing for the long term and never stop searching for new customer segments!

    Recommends
    Positive Outlook
    Approves of CEO
  11. 1 person found this helpful  

    Great team that is highly supportive of each other

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

    Pros

    I am a new employee to LoopNet and from my first interview to the present I love the tremendous support all team members give each other. It is clearly part of the culture here. The work is extremely satisfying and goals/strategies clear. The work environment is great as well, lots of perks including Friday afternoon happy hours.

    Cons

    I haven't found a downside yet, and that's not just a line. It's a result of hard work from the entire management team and my coworkers.

    Advice to ManagementAdvice

    Keep on doing what you're doing.

    Recommends
    Positive Outlook
    Approves of CEO

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