The online listing website, Zillow, is set to gain more when its agreement with ListHub ends, Housing Wire reported.
Zillow just recently claimed that it is prepared for its new life without ListHub and told InMan that they have acquired several listings so far: Zillow has signed with 79 MLS within the last two months, including 16 that they just signed five days ago.
"The team has signed more MLS direct feed agreements in the last three months than it had signed in the last three-plus years," Zillow Group Chief Industry Development Officer Errol Samuelson told InMan in an interview this week.
Start of Partnership
It could be remembered that in April 2011, Zillow announced on its website that Move, Inc. and Zillow, Inc. signed new listing syndication agreement for ListHub publishing network, which is the largest online syndicator of real estate listings to real estate websites.
Basically, Zillow was happy that they were able to get ListHub, because it is their biggest listings syndication partner and ListHub would "continue to send approximately two million listings to Zillow directly from 358 MLSs every day representing 40,000 brokers throughout the United States."
Ending the Partnership
In January of this year, just less than four years after that happy announcement, a news report from Housing Wire stated that Zillow is breaking away from ListHub. Zillow reportedly made the revelation when it informed the Securities and Exchange Commission that it will be ending its four-year listing agreement with Threewide Corporation, the company that operates Listhub. Threewide is owned by Move, Inc.
"There is no dispute between the parties with respect to the agreement, and Zillow will not incur any early termination penalties as a result of the agreement's expiration," Zillow's SEC filinf stated, as quoted by Housing Wire.
Move, Inc., on the other hand, didn't want their partnership to end, and the company gave a statement to the outlet: "ListHub has been negotiating in good faith a new listing distribution and reporting agreement with Zillow on terms that reflect the best interests of the brokerage industry."
Zillow Starts Anew
Zillow is launching its new platform called Zillow Data Dashboard and told Housing Wire its unique points:
1. It has a "single-click publishing of real estate listings directly to Zillow"
2. It gives "automatic updates to listings information every 15 minutes"
3. It sends out "free daily reports to track how listings perform on Zillow in real time"
4. It has the "ability to work with existing MLSs systems, including a single sign-on option for the hundreds of MLSs using Clareity"
5. It has a "security software and the Clareity Dashboard"
6. It is "streamlined, seven-days-a-week customer service"
Move's next move: Allegations
In July 2014, Zillow announced that it would purchase Trulia, an online listing website for $3.5B.
Move, Inc. is alleging that Zillow was able to get Trulia because it has learned of confidential information from Move, Inc.'s executives which Zillow allegedly poached prior to acquiring Trulia, reported Geek Wire. According to the outlet, no clear information has been released yet.
With the recent events, it looks looks like Zillow and ListHub and Move will still be seeing one another.
