Zillow named New York's official brokerage, though not in the traditional sense

February 5, 2020
Share this Post: 

StreetEasy's new Vice President of Real Estate Strategy and Operations is the Founder of RealDirect.

Zillow Group is now a licensed corporate broker in New York.

It’s part of a national growth strategy in which Zillow is getting itself licensed from coast to coast.

Viet Shelton, a spokesperson for Zillow, said in a statement:

“As we work to redefine how real estate is done, and create product improvements for consumers, brokers and agents on our platforms, we will be performing activity for which many states require a license.

“In order to cover these new services, Zillow has been working to get traditional brokerage licenses across the country, even though we aren’t operating as a classic, traditional brokerage."

He declined to comment on the specifics of any new services.

It’s not the Seattle-based listing giant’s first brokerage license.

In 2018, Zillow got licensed in Arizona at the behest of regulators as it was rolling out its instant homebuying service, Zillow Offers, which uses Premier Agents to broker deals. In a letter to regulators that August, the company said it is not looking to cut brokers out of the transaction and would not be using its license to operate as a “traditional brokerage.”

Read more here

February 5, 2020

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Nils K
Ringier's Nils Körber on ArtificiaI Intelligence, Training the Machine, and Talking about Problems

"What would you do with one million interns?" The award for the best question at the PropTech and Portal Watch...

Read More
Untitled Design 13
As OnTheMarket Hits 15,000 Advertisers, Zoopla Fights Back with Big Agency Deal

The British property portal Zoopla has announced a new long-term listings deal with Dexters, one of London's top agencies with...

Read More
Untitled Design 12
LeBonCoin Suffers Data Leak and Boliga Comes Under Cyber Attack on Same Weekend

LeBonCoin, the leading French horizontal marketplace owned by Adevinta, has acknowledged that some of its users' personal information was exposed...

Read More
Number 2S Challenging Hero Image 2
Analysis: Can Zoopla, Realtor.com and Domain See Off Challengers and Close the Gap to Market Leaders?

Well-funded challenger portals have been generating a lot of headlines in the industry recently. CoStar has been explicit about its...

Read More

Editor's Pick