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“We were impressed with ShowTime’s ability to simplify a heavy but essential part of the home shopping experience by integrating MLS, agents and brokers, and giving buyers agents an easier way to plan. visits with the listing agents, ”said Errol Samuelson, Chief Industry Development Officer at Zillow Group. “ShowsTime will remain an open platform available to all industry participants, and we plan to grow ShowTime’s engagement across all channels to ensure that touring is easier for the industry and consumers. . “
ShowsTime has a network of nearly one million agents across North America and has developed relationships with hundreds of Multiple Listing Services (MLS). ShowTime coordinates schedules behind the scenes so agents can seamlessly book confirmed exposure online and focus on their customers, without coordinating a complicated process. In 2020, the company hosted more than 50 million screenings across the industry. Agents can update their listing availability for screenings through the network, allowing interested buyers’ agents to schedule home visits online with the click of a button.
State-of-the-art technology from ShowsTime will help increase tour volume and transactions for industry partners, including Premier Agents. Many Zillow Premier agents already use ShowTime and appreciate its ease of scheduling visits. Zillow buyers who request tours are very intentional buyers, and the ShowsTime service allows for more transparent tours for these buyers and sellers.
“This is a pivotal moment in real estate, and customer expectations for a simplified and technological experience are increasing,” said Mike Lane, President of ShowsTime. “ShowsTime technology serves nearly one million real estate professionals, and we look forward to sharing our technology solutions with even more clients, enabling a truly transparent, efficient and easy real estate transaction.”
The acquisition will accelerate the adoption of ShowsTime’s technology as home buyers and sellers, agents and industry partners evolve into a more efficient digital future.
ShowTime will maintain its existing data privacy policies and continue to function 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 customary closing conditions, including the expiration or termination of the applicable waiting period under Hart-Scott-Rodino law.
About the Zillow Group:
Zillow Group, Inc. (NASDAQ: Z and ZG) is reinventing real estate to make it easier to unlock the next chapter in life.
As the most visited real estate website United States, Zillow® and its affiliates provide customers with an on-demand experience of selling, buying, leasing or financing with transparency and a near-transparent end-to-end service. Zillow Deals® buys and sells homes directly in dozens of markets across the country, allowing sellers to control their timing. Zillow Home Loans ™, our affiliate lender, offers our clients an easy option to secure pre-approved and secure financing for their next home purchase. Zillow recently launched Zillow Homes, Inc., a licensed brokerage entity, to streamline Zillow offerings transactions.
The subsidiaries and subsidiaries of the Zillow Group include Zillow®, Zillow Deals®, 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 Lender, NMLS # 10287 (www.nmlsconsumeraccess.org).
About ShowsTime:
ShowsTime is the leading provider of show management technology and market statistics to the residential real estate industry, with over 1.2 million active listings subscribed to its services. Its presentation products and services simplify the appointment booking process for real estate professionals, buyers and sellers, while its MarketStats division provides interactive tools and easy-to-read market reports for MLSs, associations, brokers, agents and other real estate companies. as recruiting tools for brokers. ShowsTime products are used in 370 MLS representing nearly one million agents in the United States and Canada.
Forward-looking statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that involve risks and uncertainties, including, without limitation, statements regarding the proposed acquisition of ShowTime, Zillow The Group’s business and financial outlook, strategic priorities and operational plans for 2021. Statements containing words such as “may”, “believe”, “anticipate”, “expect”, “have” intention “,” plan “,” plan “,”, “” projections “,” continue “,” business outlook “,” forecast “,” estimate “,” outlook “,” advice “or similar expressions constitute statements The differences between the actual results of the Zillow Group and those described in these forward-looking statements may result from actions taken by Zillow Group as well as risks and uncertainties beyond the control of the Zillow Group, including, but not limited to, satisfaction of the conditions precedent to the closing of Zillow Group’s proposed Acquisition of ShowsTime, including the expiration or end of the applicable waiting period under the Hart-Scott Act -Rodino. For more information on potential factors that may affect Zillow Group’s business and financial results, please see “Risk Factors” described in Zillow Group’s 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 filed with the SEC and in other documents filed by Zillow Group with the SEC. Unless required by law, Zillow Group does not intend and assumes no obligation to update this information to reflect future events or circumstances.
ZEND
SOURCE Zillow Group
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