Zillow’s new initiative could change what it means to be a broker. Are brokers worried?

With Zillow’s expansion of its “Instant Offers” program and its declaration that it would become a direct player in the market by buying and selling homes, brokers across the country took stock of what that might mean for them. The real estate listings giant, which has a market capitalization of around $10 billion, said it will begin buying up homes in Phoenix, with the aim of reselling the properties within 90 days. Agents who participate […]

Source: Real Estate

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