LoopNet reviews

2.9

41% would recommend to a friend

(101 total reviews)

Cameron Stewart

45% approve of CEO

39% positive business outlook

LoopNet has an employee rating of 2.9 out of 5 stars, based on 101 company reviews on Glassdoor which indicates that most employees have an average working experience there. The LoopNet employee rating is 25% below average for employers within the Information Technology industry (3.9 stars).

Reviews by job title

101 reviews
2.0
May 23, 2013

Sad for the current company

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Team management is great. Happy hours every Friday. Breakfast Monday and commuter checks

Cons

The have doubled price, cut leads in half, opportunity in half and doubled commission. Oh and we compete with the same leads as other parent company reps. Costar purchased loopnet over a year ago, and everything was fine until January. Costar fired 15 reps some based on performance and some not. When asked what metric they used we were told to go back to work. Then we spent 5 days at a conference where costar management basically told us we had no place in their long term plans. When asked management told us we have a job now so go to work. Since then the company has been bleeding personelle with 2-3 people a week leaving. In march there was a pricing discrepancy and when asked management told us to take advantage of that. In April they announce they were going to take commission away for those sales upward of $1000+ for some people. Only when we petitioned to keep our pay checks did costar finally give in. Culture has changed and it is no longer a good place to work.

2.0
Apr 15, 2013

You can do better LoopNet

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Great location - across the street from ATT park Free Monday breakfast, happy hour every Friday You can make a lot in commission if you work hard Meet some cool coworkers

Cons

Bought out by another company so everything is changing rapidly Base pay is very low Glorified telemarketer Company direction is unclear

3.0
Apr 13, 2013

Was a great place to work

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Your co-workers. It is an easy place to make friends and prior to the Costar merger senior management was accessible.

Cons

Everything was great until the Costar merger. Culture changed and became extremely corporate. The old management group left and the Costar has sucked the life out of everyone. For a while it seems like the company was losing old timers on a daily basis.

Viewing 64 - 66 of 101 Reviews

Glassdoor has 104 LoopNet reviews submitted anonymously by LoopNet employees. Read employee reviews and ratings on Glassdoor to decide if LoopNet is right for you.