According to Zillow, the CFPB's Office of Consumer Education and Engagement has requested support to gather information from home buyers which can inform the development of its consumer education tools.
"We were happy to help," a Zillow representative comments on the Housing Wire site.
Housing Wire reports The CFPB sent Zillow an email asking for assistance in contacting prospective home buyers who might participate in the research study about buying or selling a property.
As part of the deal, Zillow users participating in the survey will be paid for their time.
Initial participation in a 20-minute survey will be rewarded with a $5 thank you card, but if the participant follows up with short 'check-in' surveys every few weeks, and ultimately finishes the process, the CFPB will send a further $20 thank you card.
That's a total of $25 all up.
In particular, the CFPB says it is looking for people who are actively shopping or planning to shop for a home in the near future.
“The CFPB is inviting you to participate in a federal research study about the experience of buying a home and finding a mortgage,” Housing Wire quotes the email to Zillow as saying.
“Your survey responses will help the CFPB build tools and resources to educate and empower future homebuyers.”
Housing Wire says the email also states that the CFPB hopes consumers will take the time to share their "unique experiences” with the CFPB via the study.