ListHub Listing Agreement Ends With Zillow
The contract that Zillow has with ListHub expired on April 7, 2015.
ListHub has had a contract and provides the data to the big Z of all of our listings.
Move.inc who operates Realtor.com owns the listing syndicator, ListHub.
Move.inc was acquired by News Corp in December.
Right now the big Z gets a few hundred thousand listings out of the 3.6 million that are displayed on Z now.
They have been getting the listings fed to their site since 2011 through ListHub.
The contract is not going to be renewed. A spokesperson for Z said that they are going directly to the MLS participants and brokers to get the data feeds and they are building their own listing syndication tool. They plan to get more listings from our MLS providers.
Florida REALTORS magazine reports:
In a statement, Move Inc. said that “ListHub has been negotiating in good faith a new listing distributing and reporting agreement with Zillow on terms that reflect the best interests of the brokerage industry. As communicated in public announcements, Zillow decided to end those negotiations and announced the launch of their own platform. Zillow chose their own route for their business model and interests.”
Z does not see any issues with converting the data over to the Data Dashboard broker feeds since many of the listings that will get shut off are those in large urban sectors. The only ones that they think might not get pulled in are some rural areas.
You can see where each side stands. We have said in the past that the business model of z was to create their own model. I think that many of the things that they “said” are going to be different than what they are going to end up doing. Something to think about…