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Zillow Group, Inc., or simply Zillow, is an American tech real-estate marketplace company that was founded in 2006 [4] by co-executive chairmen Rich Barton [5] and Lloyd Frink, former Microsoft executives and founders of Microsoft spin-off Expedia; Spencer Rascoff, a co-founder of Hotwire.com; David Beitel, Zillow's current chief technology officer; and Kristin Acker, Zillow's current ...
Zillow allows home buyers to search for properties by location, total price, monthly mortgage cost, features, and other criteria. [11] [12] Users may also view properties not currently on the market as part of the research process. [13] Zillow connects buyers with local real estate agents through their Zillow Premier Agent program. [14] [15]
Real estate agents often profit by absorbing a certain percentage of the final sale or rent price as commission. There are cases where commission percentage hits a figure of 6% in America. [ 7 ] Internet real estate reduces the cost of an agent and conserves time spent relaying amongst three parties.
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The company became popular by aggregating real estate listings into a single location. Listings were published with price changes and information like days the property had been on the market. [2] [4] This information was previously unavailable to the public and by 2008 the company's website was averaging 4.5 million page views per month. [2]
RE/MAX was founded in January 1973 by Dave Liniger and Gail Main (who later married Liniger and became Gail Liniger) in Denver, Colorado. [5] [6] [7]The company was established with a maximum commission concept, meaning that agents would keep nearly all of their commissions and pay their broker a share of the office expenses, rather than paying their broker a share of the commission of each ...
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