Would charging fees for Instant Offers make Zillow a broker?

Would charging fees for Instant Offers make Zillow a broker?

By | Inman | No Comments

For years, Zillow has promised not to become a real estate broker, and the company says that it still has no plans to do so — Instant Offers doesn’t represent buyers or sellers, nor does Zillow hold active broker licenses in Nevada or Florida. But one big question that remains is whether Zillow would need broker’s licenses to operate its Instant Offers program legally if it were to begin accepting compensation. …

Read More
Reali, mobile app-based brokerage, nabs $5M

Reali, mobile app-based brokerage, nabs $5M

By | Inman | No Comments

A real estate brokerage that uses a mobile app, beacons and low fees to service homebuyers and sellers has closed a $5 million Series A funding round. Palo Alto, California-based Reali will use the cash to expand to all markets around the San Francisco Bay Area, including San Francisco, Oakland and San Jose, and continue to build out its technology and brand.

Read More
$10M listing or bust: Breaking into luxury real estate without being rich

$10M listing or bust: Breaking into luxury real estate without being rich

By | Inman | No Comments

Both in their early 30s, the Vichinsky brothers have tapped into the art of understanding and attracting luxury real estate consumers with a multifaceted approach — a combination of creative marketing, savvy business and relationship-building — that led the firm to $400 million in sales volume last year and the ability to ignore anything under that $10 million mark …

Read More