USA: Realtors Fight Back Against Zillow
-
When a company is valued in excess of a billion dollars, it carries weight in its industry. So it is with Zillow, launched in 2006 to serve as an online database of homes to help sellers find buyers and buyers find homes. But Realtors now accuse the company of breaking its longstanding promise not to compete with them after it introduced a new program connecting buyers and sellers direct. They also say this program will cost homeowners millions in equity.
Real estate agents see this as a fight for survival. More than 22,000 signed an online petition in its first 14 days online demanding that Zillow discontinues the program. They say that Zillow, a company they empowered and trusted, is taking advantage of them.
Read more on:
www.huffingtonpost.com
Source : USA: Realtors Fight Back Against Zillow