“We were impressed with ShowingTime’s ability to simplify a complicated but critical part of the home shopping experience by integrating with MLS, agents, and brokers and offering buyers’ agents an easier way to schedule presentations with listing agents.” , he said. Errol Samuelson, Zillow Group Industry Development Director. “ShowTime will continue to be an open platform available to all industry participants, and we look forward to growing ShowingTime’s engagement across all channels to ensure that visits are easier for industry and consumers.”
ShowingTime has a network of about one million agents North America and has developed relationships with hundreds of multiple listing services (MLS). ShowTime coordinates behind-the-scenes schedules so agents can seamlessly book a confirmed home to be shown online and focus on their customers, without coordinating a complicated process. By 2020, the company provided more than 50 million projections to the entire industry. Agents can update the availability of their listings over the network, allowing interested buyer agents to schedule home visits online at the click of a button.
The industry-leading ShowingTime technology will help increase the volume of visits and transactions for industry partners, including Premier agents. Many Zillow Premier agents already use ShowingTime and value the ease it offers in scheduling excursions. Zillow shoppers requesting guided tours are high-intention shoppers, and the ShowingTime service allows for smoother tours for those shoppers and sellers.
“This is a pivotal time in the real estate industry and customers’ expectations for a streamlined, tech-savvy experience are on the rise, ”he said. Mike Lane, President of ShowingTime. “ShowingTime technology serves nearly one million real estate professionals and we look forward to sharing our technology solutions with even more clients, enabling a truly simple, effective and straightforward real estate transaction.”
The acquisition will accelerate the adoption of ShowingTime technology as buyers and sellers, agents and industry partners move towards a more efficient digital future.
ShowingTime will maintain its existing data privacy policies and will continue to operate as an open platform for its existing and new partners, many of whom already use other Zillow Group industry offerings, such as Dotloop and Bridge Interactive. The transaction is subject to the usual closing conditions, including the expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Act.
About the Zillow group:
Zillow Group, Inc. (NASDAQ: Z and ZG) is reinventing real estate to make it easier to unlock the next chapter of life.
As the most visited real estate website of the United States, Zillow® and its affiliates offer customers an on-demand experience to sell, buy, rent or finance with transparency and end-to-end service. Zillow Offers® buys and sells homes directly in dozens of markets across the country, allowing sellers to control their timeline. Zillow Home Loans ™, our affiliated lender, offers our customers an easy option to get pre-secured and secure financing for their next home purchase. Zillow recently launched Zillow Homes, Inc., a licensed brokerage firm, to streamline Zillow Offers transactions.
Zillow Group subsidiaries and subsidiaries include Zillow®, Zillow Offers®, Zillow Premier Agent®, Zillow Home Loans ™, Zillow Closing Services ™, Zillow Homes, Inc., Trulia®, Out East®, StreetEasy® and HotPads®. Zillow Home Loans, LLC is an equal home lender, NMLS # 10287 (www.nmlsconsumeraccess.org).
About ShowingTime:
ShowingTime is the leading provider of technology in market statistics and publication management for the residential real estate industry, with more than 1.2 million active listings subscribed to its services. Its product and service visualization simplifies the appointment scheduling process for real estate professionals, buyers, and sellers, while its MarketStats division provides easy-to-read interactive tools and market reports for MLS, partnerships, brokers, agents, and more. real estate companies. as recruitment tools for runners. ShowTime products are used in 370 MLS representing nearly one million agents across the United States and Canada.
Prospective statements
This press release contains forward-looking statements within the meaning of section 27A of the Securities Exchange Act 1933 and section 21E of the Securities Exchange Act 1934 which entail risks and uncertainties, including, without limitation, statements regarding the proposed acquisition of ShowingTime, Zillow. The group’s financial and business prospects, strategic priorities and operational plans for 2021. Statements containing words such as “may”, “believe”, “anticipate”, “expect”, “pretend”, “plan”, ” project “” “,” “projections”, “” continue “,” business prospects “,” forecasts “,” estimates “,” prospects “,” guidelines “or similar expressions constitute forward-looking statements. Differences in the actual results of the Zillow Group from those described in these forward-looking statements may result from actions taken by the Zillow Group, as well as risks and uncertainties beyond the control of the Zillow Group, including, but not limited to, the satisfaction of conditions prior to closing of ShowingTime’s Zillow Group acquisition proposal, including the expiration or end of the applicable waiting period under the Hart-Scott-Rodino Act. For more information on possible factors that could affect the Zillow Group’s financial and business results, see the “Risk Factors” described in the Zillow Group Annual Report on Form 10-K for the past year. December 31, 2019 and the Zillow Group’s quarterly report on Form 10-Q for the past three months September 30, 2020 filed with the SEC and other Zillow Group files with the SEC. Except as required by law, the Zillow Group has no intention and undertakes not to update this information to reflect future events or circumstances.
ZFIN
SOURCE Zillow Group
Related links
www.zillowgroup.com