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      LoopNet

      Part of CoStar Group

      Engaged employer

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      What are sales commissions like at LoopNet?

      LoopNet reviews

      Proceed with caution

      Account executive
      Former employee
      Richmond, VA
      Recommend
      CEO approval
      Business outlook

      Pros

      relatively high base salary, large company with big marketing budget, good benefits when it comes to insurance and 401k

      Cons

      toxic work environment, poor leadership, constantly changing and complicated commission structure. Take reversals on any sales when the client cancels even if the contract has been completed so you're really only being loaned your commission. Culture based on fear from the top down and leaders who are yes men and operate based on fear of losing their own position. Company recruiters are under pressure as well and will mislead to fill roles. Required to use sick time for a dentist appointment etc, often selling against other reps working for other companies which are part of costar. No work life balance, individuals are not valued, every aspect of your day to day is tracked and measured based on metrics that do not drive revenue. Unless you absolutely need the job please consider other options, do not relocate, do not move your family.

      4

      Micromanagement to the Max

      Account executive
      Former employee
      Los Angeles, CA
      Recommend
      CEO approval
      Business outlook

      Pros

      Both commissions and base salary are good. They manage to hire excellent support staff so that AEs can do their jobs.

      Cons

      Micromanagement from CEO down creates a negative atmosphere of constant stress for AEs. The goalpost is always changing. Meeting company and management expectations is impossible since the boxes to check are infinite and always evolving. Commission structures change quarterly to meet whims of CEO and upper management. Overall, successful AEs are not given the chance to use their own intelligence and skills to work effectively.

      3

      Proceed with caution

      Account executive
      Former employee
      Richmond, VA
      Recommend
      CEO approval
      Business outlook

      Pros

      relatively high base salary, large company with big marketing budget, good benefits when it comes to insurance and 401k

      Cons

      toxic work environment, poor leadership, constantly changing and complicated commission structure. Take reversals on any sales when the client cancels even if the contract has been completed so you're really only being loaned your commission. Culture based on fear from the top down and leaders who are yes men and operate based on fear of losing their own position. Company recruiters are under pressure as well and will mislead to fill roles. Required to use sick time for a dentist appointment etc, often selling against other reps working for other companies which are part of costar. No work life balance, individuals are not valued, every aspect of your day to day is tracked and measured based on metrics that do not drive revenue. Unless you absolutely need the job please consider other options, do not relocate, do not move your family.

      4