Move, Inc. and Zillow, Inc., Sign New Listing Syndication Agreement for ListHub
Streamlining the Real Estate Professional's Experience
Submitted by: RE Technology
This agreement confirms Zillow and Move's commitment to the publishing and syndication of accurate MLS real estate listings. As a result of the new agreement, ListHub will continue to send approximately two million listings to Zillow directly from 358 MLSs every day representing 40,000 brokers throughout the United States. In addition, Zillow will now provide website and mobile metrics and listing performance data to ListHub for inclusion in reports that brokers, agents and franchises use when working with clients to evaluate the value of publishing destinations and efficiently manage their online marketing strategies.
This new content syndication agreement also provides MLSs, brokers and other content providers with the ability to designate how listings syndicated through ListHub are used by Zillow. Zillow will not re-syndicate listings to third party sites outside of the Zillow Real Estate Network, and MLSs and brokers will have the ability to approve the inclusion of their listings on the Zillow Network and opt-out of unrelated non-display uses.
"This partnership solidifies Zillow's long-standing efforts to provide quality listing information to consumers on Zillow, and gives brokers and agents greater efficiency in their online marketing efforts," said Greg Schwartz, chief revenue officer at Zillow. "ListHub provides one of the most accurate and timely online data feeds available today and is a trusted partner for communicating our metrics through their reporting platform. Extending our relationship with ListHub is yet another example of how Zillow is working with leading industry brands to streamline and simplify the real estate professional's experience on Zillow."
Since the September 2010 acquisition of the ListHub brand by Move, Inc., the ListHub publishing network of content providers has increased by 51 real estate franchises and MLSs to now represent 358. ListHub Publishers have also increased from 79 to 97 public-facing real estate websites since September 2010.
"This new agreement with Zillow furthers ListHub's commitment to provide our industry partners with a neutral and trusted syndication platform that addresses important issues such as data rights and ownership, listing accuracy and reporting transparency for the marketing of their listings," said ListHub President, Luke Glass. "Inclusion of Zillow's performance metrics broadens the value of the ListHub system to our entire network of members. Agents and brokers will now be able to give their clients one comprehensive report to help them better demonstrate the value of their online marketing efforts."
As a Zillow preferred syndication partner, ListHub is a part of the Zillow Listings Feed program, which launched in November 2007 and has for-sale listings and for-rent listings from more than 900 feeds from agents, brokers, multiple listing services, and syndicates. All listings on the Zillow Real Estate Network appear on Zillow.com, Yahoo! Real Estate, and Zillow Mobile applications across iPhone, iPad, Android and BlackBerry.
ABOUT MOVE, INC.
Move, Inc. (Nasdaq: MOVE) is the leader in online real estate with 14.5 million* monthly visitors to its online network of websites. Move, Inc., operates: Move.com, a leading destination for information on new homes and rental listings, moving, home and garden and home finance; Realtor.com®, the official website of the National Association of Realtors® Moving.com; SeniorHousingNet; Top Producer Systems, and ListHub. Move, Inc., is based in Campbell, California.
ABOUT ZILLOW, INC.
Zillow is a real estate information marketplace providing vital information about homes, real estate listings and mortgages through its website and mobile applications, enabling homeowners, buyers, sellers and renters to connect with real estate and mortgage professionals best suited to meet their needs. Zillow, Inc., operates Zillow.com, Zillow Mortgage Marketplace and Zillow Mobile. With 19.4 million unique users of its website and mobile applications during March 2011, Zillow's goal is to help people make intelligent decisions about homes in every stage of their lives – home buying, selling, renting, remodeling and financing. The company is headquartered in Seattle.
Zillow.com and Zillow are registered trademarks of Zillow, Inc.
This press release may contain forward-looking statements, including information about management's view of Move's future expectations, plans and prospects, within the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks, uncertainties and other factors which may cause the results of Move, its subsidiaries, divisions and concepts to be materially different than those expressed or implied in such statements. These risk factors and others are included from time to time in documents Move files with the Securities and Exchange Commission, including but not limited to, its Form 10-Ks, Form 10-Qs and Form 8-Ks. Other unknown or unpredictable factors also could have material adverse effects on Move's future results. The forward-looking statements included in this press release are made only as of the date hereof. Move cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, Move expressly disclaims any intent or obligation to update any forward-looking statements to reflect subsequent events or circumstances.
(1) comScore Media Metrics, Key Measures Report, March 2011
SOURCE Move, Inc.
For further information: Julie Reynolds, Move, Inc., +1-818-264-5594, [email protected]