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Fred Griffin Florida Real Estate, Licensed Florida Real Estate Broker (Fred Griffin Real Estate)

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1,078,451
John Meussner
Mortgages in AZ, CA, CO, DE, FL, GA, IN, MD, MN, MT, NC, NJ, NV, OK, OR, PA, SC, SD, TN, TX, UT, VA, WI - Fair Oaks, CA
#MortgageMadeEasy Fair Oaks, CA 484-680-4852

Let's say Z goes out of business tomorrow.  The model is already out there, and replicated (though not with the same marketshare).  Someone else would fill the gap with the same technology/platform under a different name, so I don't think it really matters. 

 

Until agents don't throw cash at that kind of platform, there will be a market for them or someone else running the same type of operation.

 

Plus, if Zillow went away, how in the world would anyone know what their home is truly worth? 

Apr 05, 2016 02:53 AM
Rainmaker
4,906,660
Richard Weeks
Dallas, TX
REALTOR®, Broker

I would miss them like a tooth ache.

Apr 05, 2016 01:26 AM
Rainer
69,794
Shawn and Angela Miller
Berkshire Hathaway HomeServices Amabassador Real Estate - Lincoln, NE
Lincoln and Omaha, NE REALTORS®

They won't die quickly even being 2 bil lighter.   The only way they'll be finished is when all local MLS's change their rules and either stop sending listing data all together or only send "limited" listing data to them for syndication.  It would also help if agents stop sending them an outrageous amount of money every month for "impressions".  Seriously, looking into different lead generation programs, I have not heard one authentic raving review about Z yet.  The ones that do rave about it sound like paid advertisements.

Apr 05, 2016 05:23 AM
Ambassador
6,424,873
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Don't worry Fred, if they die, another parasite will come along to adopt their business model and employees.  They will be back to the same game under a new name, lightening the load on agents wallets in every market.

Apr 05, 2016 03:04 AM
Rainmaker
5,773,261
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Fred,

Time will tell, and if Move wins, Zillow will no doubt appeal, and then it will be tied up in court, ad nauseum.  A

Apr 05, 2016 01:47 AM
Rainmaker
559,390
DEANNA C. SMITH CERTIFIED MOBILE NOTARY
Certified Mobile Notary Signing Agent - Smith Mountain Lake, VA
Highest Ranked Certified Mobile Notary in Virginia

Here I go again;

Ken Jones nailed this one and I can do NO better than his answer !

Bravo, Ken.

Apr 05, 2016 09:45 AM
Rainmaker
3,986,308
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I would throw a party!!!!!!!!!!!!1

Apr 05, 2016 02:37 AM
Rainmaker
1,242,204
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Not yet. It is seeking 1.7B in damages from Z not settled yet.  But Move is not an angel. It is local.  The founder was charged with inside trading and is behind bars for 3 yrs. 

Z is stepping up its Premiere agent ads sending me endless eMails since I blocked their phone. If I get a call I will say you mean you pay me $400 month compensation signing up for each zip code? They will hang up.

Apr 05, 2016 01:17 AM
Rainmaker
2,538,633
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Fred. If Zillow loses this lawsuit it will hurt, but not convinced they will lose, not matter they are here to stay.

Apr 05, 2016 06:36 PM
Rainmaker
1,093,447
Diana Zaccaro Broker Associate
ZOOM Realty Group - Cocoa Beach, FL
"The Accidental Blogger" Cocoa Beach, Florida

Fred Griffin Without them, what would we have to complain about?

 

Apr 05, 2016 04:40 PM
Rainmaker
1,771,867
Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

Somehow in an appeal they will slide. Z or their model is not leaving town. Things will never be the same.

Apr 05, 2016 01:28 PM
Ambassador
3,744,423
Patricia Kennedy
RLAH@properties - Washington, DC
Home in the Capital

It's almost as if Zillow and Trulia are real entities.  They do a terrible job providing information to the public, and most people don't even know how off they are.

Apr 05, 2016 01:24 PM
Rainmaker
1,506,923
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Between that and the other lawsuit over illegal working conditions (no breaks, forced unpaid OT and a host of other CA labor law violations), I wouldn't be surprised if they go under.

Apr 05, 2016 09:19 AM
Rainmaker
902,428
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Move is part of Realtor.com... the two can battle it out.

Apr 05, 2016 06:25 AM
Rainmaker
3,988,013
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

I don't see them losing but if they did, they would stil be around in my opinion.

Apr 05, 2016 06:11 AM
Rainmaker
1,466,257
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Fred Griffin I think agents would celebrate only to find Move has taken their place and it starts all over again.

Apr 05, 2016 05:07 AM
Rainer
420,003
Caroline Gerardo
Licensed in 20 states - Newport Beach, CA
C. G. Barbeau the Loan Lady nmls 324982

Spencer Rascoff is a smug CEO. Rascoff says childish things to challenge Murdoch. By the end of this year Z will spend 60 million in legal fees. Z is sued by sales employees who hound lenders and Realtors to buy those crummy leads for zip codes. Next lawsuit Z will face is for sexual harrassment - atmosphere there treats women worribly. 

Will Z survive? Yes. They will buy MLS from brands if they have to. They will morpf to mine more data and the public will click on Z. 

Move (Murdoch owns Realtor.com) must focus on adding faster search, live chat, mining data, selling data, advertising and making websites better for mobile and phone search. Move needs to hire young talent who can write code, come up with new marketing systems, hire gaming talent and realtors who are old school to find new combinations of methods for 2020 Real Estate sales

Apr 05, 2016 04:48 AM
Rainmaker
2,379,876
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

Hard to imagine bouncing back from that one and I wouldn't miss them but someone else will come along for buyers and sellers and try to rip us off

Apr 05, 2016 04:45 AM
Ambassador
5,063,230
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

This will go on for a while, with millions spent on legal fees. I doubt the full damages would be awarded.

Apr 05, 2016 03:32 AM
Rainmaker
5,583,328
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

we're listing agents and we will NOT miss Z...

Apr 05, 2016 01:43 AM
Rainmaker
5,879,696
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

I think buyers and sellers would miss Z, but I certainly won't! 

Apr 06, 2016 10:46 PM
Rainmaker
2,707,721
Lisa Von Domek
Lisa Von Domek Team - Dallas, TX
....Experience Isn't Expensive.... It's Priceless!

The news was posted April 1st...was it a prank?  I haven't heard anything about this but it would certainly be interesting to watch it play out.

Apr 06, 2016 02:52 PM
Rainmaker
5,116,528
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

I saw this article, Fred. I would not miss Zillow or Trulia... and I'd be happy to attend their funeral.

Apr 05, 2016 10:32 PM
Ambassador
3,168,134
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

I just really don't care.

Apr 05, 2016 02:06 PM
Rainmaker
648,425
Greg Large
ERA Real Solutions - Grove City, OH
A Tradition of Trust

1. One can only hope.

2. 5 Star GOOD

3. 5 Star GOOD

4. Zillow who?

Apr 05, 2016 05:50 AM
Rainmaker
1,728,767
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

It would be a dark cloud lifted and finally the public would be more apt to use our accurate MLS information.

Apr 05, 2016 04:31 AM
Rainmaker
1,057,554
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

1. Uncertain.
2. Depends on the agent.
3. Nope.
4. Nope.
5. Bye Felicia.

Apr 05, 2016 04:24 AM
Rainmaker
4,800,132
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I don't know how it will affect the average agent.  Though it will be a benefit to the industry in general.

Apr 05, 2016 04:20 AM
Rainmaker
2,785,456
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Litigation is a tool to make something happen. Once it does and when the smoke clears, we will see who is left standing and why?

Apr 05, 2016 03:44 AM
Rainmaker
1,157,791
FN LN
Toronto, ON

It would depend on many factors.

Apr 05, 2016 03:09 AM
Rainmaker
1,625,253
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

Wow, that is a lot! I'd like to see how they settle it, but 2 billion looks unreal even for Zillow. 

Apr 05, 2016 02:54 AM
Rainmaker
1,513,143
Raymond E. Camp
Ontario, NY

Probably not as it is only about 40% of heir net worth.

I had an email from another called upstream and it seems when you lose a bad penny another shows up!

Apr 05, 2016 01:54 AM
Rainmaker
4,584,246
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Yawn.   I try not to worry about the things I can't change.  

Apr 05, 2016 01:51 AM
Rainmaker
1,847,771
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

I do not think the consumer will be harmed - they will go elsewhere like R.com.

Oh well, that is the way of business. If you play mean with the other kids in the sand box - expect a black eye or 2.

There are some amoung us (??) who defend these guys in secret to their last breath because they've worked the system. I applaud them I guess. On FB in a couple of groups these would be fightin' words!

Apr 05, 2016 01:45 AM
Rainmaker
921,504
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

I do wish enterprises whose existence is based on deception, misrepresentation, stolen IP, and predation be relegated to the ash-heap of history. 

However, the consumer will be harmed if the plaintiff prevails.

Z-devil does provide needed alternatives to the consumer and those who chose not the join the REALTOR club. 

Z-devil, I hope, will be compelled to repent of their wicked ways in order to continue. I do not wish Z-devil to disappear completely. 

Every agent who has not paid a dime to Z-devil should be eligible for reparations also. Now that would be a good thing. Those playing patty-cake with Z-devil should get NOTHING.

Of course you do know the basis of this suit is based on Z-devils success in hiring the top three executives from Realtor.com several years ago.

Apr 05, 2016 01:10 AM