Wednesday 5 February 2020

Revenue pivot or hostile takeover? Industry leaders grumble about Zillow’s latest power move

Zillow Group’s bid to get broker licenses from coast to coast is no surprise to New York City brokerage chiefs, but they disagree on the significance. “They’re inching their way into becoming a brokerage. There’s no secret here,” said Eddie Shapiro, CEO of Nest Seekers International. “We’d be naive to think that it’s anything different.” However, Richard Grossman, president of Halstead, argued that the license would enable the company to take a split of agents’



source https://therealdeal.com/2020/02/05/revenue-pivot-or-hostile-takeover-industry-leaders-grumble-about-zillows-latest-power-move/

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