Kathleen Daniels, Probate & Trust Specialist, Probate Real Estate  (KD Realty - 408.972.1822)

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Rainmaker
3,728,725
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Continuing evidence that the world constantly changes.  In some organizations, the "procedure" book should be written in chalk not even pencil.  Definitely not pen and no way should it ever be sent out for publishing.  Upon arrival from the printer, it's likely no longer relevant.  

Sep 23, 2020 09:33 AM
Ambassador
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Anna Banana Kruchten CRB, CRS, Broker, Instructor
HomeSmart Real Estate BR030809000 - Phoenix, AZ
602-380-4886

Well it doesn't surprise me.  I just looked it up and their stock has gone up slightly.  Here's what they said In a video that went out Wednesday ' Zillow maintained that it did not want to push out local agents or to recruit agents from other brokers. Instead, Zillow will ask current employees who work on Zillow Offers to get licensed.  Wacksman said' we will push to keep the real estate industry moving forward, and adapt to changing consumer preferences and virtual technologies.

We'll see where it all goes.  Always something.....

Sep 23, 2020 10:51 AM
Ambassador
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Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

Isn't this was RedFin does?

Sep 23, 2020 09:52 AM
Rainmaker
1,331,085
Raymond E. Camp
Howard Hanna Real Estate Services - Ontario, NY
Licensed Real Estate Salesperson Greater Rochester

I have not seen it here, but I was working at the cottage with a fishing pole and a beer!

Sep 23, 2020 09:46 AM
Rainmaker
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Debbie Gartner
The Flooring Girl - White Plains, NY
The Flooring Girl & Blog Stylist -Dynamo Marketers

Nope...not hitting the airwaves here.  But, RBG has been all over and she deserves it. I had no idea that women couldn't have a mortgage or bank account before!

Sep 23, 2020 09:35 AM
Rainmaker
551,172
Hella M. Rothwell, Broker/Realtor®
Carmel by the Sea, CA
Rothwell Realty Inc. CA#01968433 Carmel-by-the-Sea

And it sounds like these licensed agents will be employees, that means no commission structure, I presume. 

Sep 23, 2020 09:21 AM
Rainmaker
831,253
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Of course we can trust they willnot 'cherry pick' leads current agents are paying for. 
Think about Zdevils offer, "Agent you pay for NO advertising, don't leave your desk, have scheduled hours and gauranteed 10 closings  a month after 2 months."
Most 'survival' agents will find Zdevils sweet words more profitable.

Sep 23, 2020 12:46 PM
Rainmaker
349,203
Buzz Mackintosh
Mackintosh REALTORS - Frederick, MD
“Experience, reliable, leadership”

Just heard : Zillow launched Zillow Homes, a licensed brokerage entity in Georgia and Arizona.

Sep 23, 2020 12:05 PM
Rainmaker
4,999,770
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Kathleen,

Their bottom line must be hurting, and their major stockholders must be screaming...this is just one of their many ideas that will probably go nowhere!  And then they will come up with another when the next quarter report comes up!  Thank you for the heads up...we know where their heads are at!  A

Sep 23, 2020 09:57 AM
Rainmaker
1,315,742
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I've said it from day one that this would happen.  They would form their own agency.  Mark my words that they will soon having their own agents in the four that you contact when curious about a home... then eventually they will be a block on top of the local agents as the "Zillow Preferred Agent" (or something to that effect) and eventually they will replace the agents completely.  And yet agents and Brokers will still whine about "exposure" and "but clients want it on zillow" and their precious "leads" all the while feeding the beast that will put them out of business.

Sep 23, 2020 10:27 PM
Rainmaker
1,415,179
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Will have to wait and see what happens.  They have not gotten a good reputation in my area. 

Sep 23, 2020 01:58 PM
Rainmaker
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Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

I've had at least half a dozen notices in my email today. And there are agents who think Zillow isn't competition?

Sep 23, 2020 01:19 PM
Rainmaker
477,851
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

It was the next step for them.  Seemed inevitable.  And we keep giving them our listings??

Sep 23, 2020 11:17 AM
Rainmaker
5,974,058
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Interesting.

Sep 23, 2020 10:40 AM
Rainmaker
759,280
Peter Mohylsky. Beach Expert
PrimeSouth Properties - Santa Rosa Beach, FL
THE BEACH IS OPEN

Inman had an article on it but I did not get past the fold.  Essentially, they will be servicing that section of the market where people had homes in poor condition and are willing to take a cash offer to get away from that house.  Z then will have to improve the home, then sell if for their costs plus something.  Good luck.  

Sep 24, 2020 05:33 AM
Rainer
100,282
Jerrill Ewing
N & J Lake Properties, LLC - Eatonton, GA
Builder

and agents keep funding them

Sep 23, 2020 02:17 PM
Rainmaker
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Tony Lewis
RE/MAX of Valencia (Hall of Fame) 30 year Valencia Resident - Valencia, CA
Summit Real Estate Santa Clarita & OC Laguna Nigel

No Surprise Here!!! Redfin did the exact same thing.  They use and abuse us agents to develop their mark and then they step all over these same agents.

Sep 23, 2020 02:08 PM
Rainmaker
1,631,086
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg Real Estate

Everyone knows how full of shyt Spencer Rascoff was ......

Sep 23, 2020 01:12 PM
Rainmaker
801,229
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

I suspect that Zillow has found out that the margins in the iBuyer business are not adequate in their current model and so they have decided to use in-house, employee, agents rather than pay people like you and me. 

Sep 23, 2020 12:55 PM
Ambassador
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Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Yes, I heard about that. Thank you!

Sep 23, 2020 11:29 AM
Ambassador
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Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

No thanks, I have zero plans on becoming an employee again!

Sep 23, 2020 11:18 AM
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Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

oh yes I heard.  And agents funded it.  Funded the new competition.  I am delighted I'm out here in the boonies where it will take them years to care about and I can retire before I ever need to co-broke a deal with the brokerage that lied and built itself on the backs of its competition.

Sep 24, 2020 07:53 AM
Rainmaker
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Gary Frimann, CRS, GRI
Eagle Ridge Realty / Signature Homes & Estates - Gilroy, CA
REALTOR and Broker

Yes, I heard about it.  Limited areas for starters.

Sep 24, 2020 05:59 AM
Rainmaker
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Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

The only constant is change and change is necessary when you are chasing money.

Sep 24, 2020 04:08 AM
Rainer
277,317
J.R. Schloemer, CRS
Kentucky Select Properties - Louisville, KY

I can't say I didn't think it would come to this.

Sep 23, 2020 09:38 PM
Ambassador
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Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

The handwriting has been on the wall for some time now.

 

Sep 23, 2020 08:18 PM
Rainmaker
1,568,862
Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

Kathleen Daniels, Probate & Trust Specialist, I read it earlier today. There was an ActiveRain blog post about a week(or so) ago stating Z is not there to hurt Realtors. Yeah...ok!  

Sep 23, 2020 03:53 PM
Rainmaker
822,826
Nancy Frimann
Eagle Ridge Realty/Signature Homes & Estates - Gilroy, CA

saw it.  Disapponiting after they said they didn't want to sell real estate.  I always suspected otherwise.

Sep 24, 2020 05:44 PM
Rainmaker
897,388
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Zillow is an interesting animal and seems prepared to make adjustments to their model

Sep 24, 2020 09:10 AM
Ambassador
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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

I sure did - I signed up!!

🤣 jk!

Sep 26, 2020 02:27 PM