Zillow Secures Data Licensing Deal with Realtracs for Tennessee Market
Zillow Secures Data Licensing Deal with Realtracs for Tennessee Market
Zillow Group, Inc. has formalized a new data licensing arrangement with Realtracs, a prominent multiple listing service (MLS) primarily serving Tennessee. The agreement ensures that Zillow’s platforms will continue to display comprehensive listing information sourced from Realtracs, maintaining data continuity for brokers and consumers in the region.
This partnership highlights the ongoing necessity for major real estate portals to establish direct licensing agreements with MLS organizations. By securing this deal, Zillow solidifies its access to vital inventory data, which is essential for sustaining user engagement on its website and mobile applications.
Shares of Zillow Group, Inc. were trading at $36.19 during the session, reflecting a slight increase of 0.17% from the previous close of $36.13. The company currently holds a market capitalization of approximately $8.28 billion. Operating within the Communication Services sector and the Internet Content & Information industry, Zillow connects consumers with real estate agents, loan officers, and digital solutions across its Residential, Mortgages, and Rentals segments.
What to watch
- Future updates regarding Zillow’s data licensing agreements with other regional MLS providers.
- Quarterly earnings reports to assess the financial impact of updated operational costs related to data procurement.
Source: original release