LoopNet

  www.loopnet.com
  www.loopnet.com

LoopNet Reviews

Updated December 10, 2014
Updated December 10, 2014
59 Reviews
3.3
59 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
LoopNet President, LoopNet Marketplace Fred Saint
Fred Saint
21 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.  

    Get Your Foot in the Tech Sales Door. Then Get out!

    • 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

    Pros

    Great fundamentals class on SFDC and inside tech sales.
    Will give you the ability to lay down a strong foundation and work ethic
    The sales position can help you know if telephone sales is the place for you
    They have "Alumni" meet ups once in awhile to see where everyone is. (No one really stays forever)
    Loopnet is considered a "feeder" company.
    A lot of higher paying companies will poach you from them at double salary.

    Cons

    Its a grind. You will pound the phones from the moment you clock in to the moment you clock out.
    CoStar, the new owner and parent company, makes you feel like a second class citizen

    Advice to ManagementAdvice

    Stop treating loopnet like a little brother

    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO
  3.  

    Booze and bad jobs

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

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

    Pros

    Happy hour all the time, free food, cool company outings

    Cons

    Team dysfunction, poor management, crappy jobs, failing company.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    LoopNet Response

    Dec 16, 2014

    Thanks for the feedback, and I’m sorry to hear you didn’t enjoy your time working at LoopNet. Customer service takes a lot of patience, particularly when the client is in a high-pressure industry ... More

  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5.  

    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
  6.  

    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
  7.  

    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
  8.  

    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
  9.  

    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
  10.  

    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
  11.  

    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

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