“We were impressed with ShowingTime’s ability to simplify a cumbersome but critical part of the home shopping experience by integrating with MLS, agents and brokers and providing buyers’ agents with an easier way to schedule shows with listing agencies.” , said Errol Samuelson, Chief Industrial Development Officer at Zillow Group. “ShowTime will remain an open platform available to all industry participants and we expect to increase ShowTime’s commitment across all channels to ensure that the tour is easier for industry and consumers.”
ShowTime has a network of almost one million agents North America and has developed relationships with hundreds of multiple listing services (MLS). ShowTime coordinates backstage programs so that agents can seamlessly book a confirmed home that is displayed online and focus on their customers without coordinating a complicated process. In 2020, the company facilitated over 50 million shows across the industry. Agents can update their availability of listings for network shows, allowing interested buyer agents to schedule online tours at home with a single click.
Industry-leading ShowTime technology will help increase the volume of tours and transactions for industry partners, including Premier agents. Many Zillow Premier agents already use ShowingTime and appreciate the ease of scheduling tours. Zillow buyers requesting tours are high-intentioned buyers, and the ShowingTime service allows for easier tours for those buyers and sellers.
“This is a key moment in real estate and customer expectations for a streamlined, high-tech experience,” he said. Mike Lane, President for 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, efficient 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.
ShowTime will maintain its existing data privacy policies and continue to operate as an open platform for its existing and new partners – many of whom are already using other industry offerings from Zillow Group, 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 Zillow Group:
Zillow Group, Inc. (NASDAQ: Z and ZG) reimagines real estate to make it easier to unlock the next chapter of life.
As the most visited real estate site in United States, Zillow® and its subsidiaries offer customers an on-demand experience for sale, purchase, rental or financing with transparency and almost seamless end-to-end services. Zillow Offers® buy and sell homes directly in dozens of markets across the country, allowing sellers control over their calendar. Zillow Home Loans ™, our affiliated lender, offers our customers an easy option to obtain pre-approved and secure financing for their next home purchase. Zillow recently launched Zillow Homes, Inc., a licensed brokerage entity, 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 a Home Equity Borrower, NMLS # 10287 (www.nmlsconsumeraccess.org).
About ShowingTime:
ShowTime is the largest provider of display management technology and market statistics in the residential real estate industry, with over 1.2 million active listings subscribed to its services. Its presentation products and services simplify the scheduling process for real estate professionals, buyers and sellers, while its MarketStats division offers interactive tools and easy-to-read market reports for MLSs, partners, brokers, agents and other real estate companies. , as well as recruitment tools for brokers. ShowTime products are used in 370 MLS which represents almost one million US agents and Canada.
Regarding the previous statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1933 and Section 21E of the Securities Exchange Act of 1934 involving risks and uncertainties, including, without limitation, statements regarding the proposed acquisition of ShowingTime, Zillow Business Perspectives and financial statements, strategic priorities and operational plans for 2021. Statements containing words such as “may”, “believe”, “anticipate”, “expect”, “intend”, “plan”, “plan”, “will,” ” Projections “,” Continued “,” Business Outlook “,” Forecast “,” Estimate “,” Outlook “,” Guidance “or similar expressions constitute forward-looking statements. may result from actions taken by the Zillow Group, as well as from risks and uncertainties that cannot be controlled by the Zillow Group, including, but not limited to, prior to closing The acquisition proposed by Zillow Group of ShowingTime, including the expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Act. For more information on potential factors that could affect Zillow Group’s financial and business results, please see the “Risk Factors” described in the Zillow Group Annual Report on Form 10-K for the year ended. December 31, 2019 and in the Zillow Group Quarterly Report on Form 10-Q for the three months ended September 30, 2020 deposited with the SEC and other Zillow Group deposits with the SEC. Except as required by law, Zillow Group does not intend or assume any obligation to update this information to reflect future events or circumstances.
ZFIN
SOURCE Zillow Group
Related links
www.zillowgroup.com