Worst comp plan ever - Account Executive LoopNet Employee Review

1.0
9 May 2024
Recommend
CEO approval
Business outlook

Pros

Best site for commercial real estate marketing

Cons

The company treats their sales people like trash. They charge back/reverse/claw back every sale you make once customer cancels. Company makes their money for every month the ad runs but they will charge you back when ad ends. The ad is designed to sell or lease out a property so they pretty much all end. They find every way they can to not pay you what you earned. They micromanage every little thing you do and require activity levels that are extremely unrealistic. Stress levels are through the roof. Clients hate the company but are forced to use it because it’s basically a monopoly. Ask a broker. A miserable place to work as a sale professional. The absolute WORST comp plan I have ever been a part of. There’s a million things I can go on about. If you are considering this company, reach out to 2-3 reps and ask them to talk with you.

Explore other reviews about LoopNet

5.0
10 Mar 2023
Recommend
CEO approval
Business outlook

Pros

Training, people, CEO energy and intelligence, salary, benefits, travel

Cons

It is a growing division and feels like a start up company. With that are some learning curves and growing pains.

1.0
18 Jun 2026
Recommend
CEO approval
Business outlook

Pros

Pay is good at the beginning

Cons

The biggest challenge with the role is that it can feel closer to telemarketing than consultative sales. Much of the day is spent making repeated outbound calls to customers who often are not actively looking to purchase additional LoopNet services. The emphasis is heavily weighted toward activity metrics, and performance expectations can change even when revenue goals are being met. Marketing support is limited, requiring sales reps to create much of their own opportunities. Customer sentiment can also be challenging, as some clients become frustrated by frequent outreach from sales teams. The model relies heavily on persistence and volume rather than a relationship-driven sales process.

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