Zillow Joins Real Estate Standards Organization

Zillow to help shape future standards of real estate data as a member of RESO

News provided by

Apr 28, 2014, 12:00 ET

SEATTLE, April 28, 2014 /PRNewswire/ -- Today, Zillow, Inc. (NASDAQ: Z), the leading real estate information marketplace, announced it has joined the Real Estate Standards Organization (RESO). As a member of RESO, Zillow will help inform the development of technology and data standards within the real estate industry.

"Accurate and timely real estate data has always been a top priority for Zillow, and RESO has done a fantastic job spearheading an industry-wide effort to standardize data and improve collaboration," said Errol Samuelson, Zillow chief industry development officer. "Better and more widely adopted data standards mean increased data accuracy – and that benefits everyone from agents and brokers to buyers and sellers. We are proud to become a member and look forward to helping shape how the real estate industry handles data."

RESO is a nonprofit group tasked with standardizing real estate data so that it can be used consistently by multiple listing services, vendors and third parties. Data standardization promotes data accuracy, consistency and availability across the industry, leading to reduced costs of real estate application development. Zillow has been actively working to create and implement real estate data standards since the company's inception.

"I am thrilled to have Zillow join RESO and look forward to their support and participation in the important work that RESO is undertaking," said Rebecca Jensen, chair of RESO's Board of Directors. "Zillow's expertise and influence will be extremely valuable in ensuring that data standards continue to be adopted throughout the industry."

(ZFIN)

About Zillow, Inc.
Zillow, Inc. (NASDAQ:Z) operates the leading real estate and home-related information marketplaces on mobile and the Web, with a complementary portfolio of brands and products that help people find vital information about homes, and connect with the best local professionals. Zillow's brands serve the full lifecycle of owning and living in a home: buying, selling, renting, financing, remodeling and more. In addition, Zillow offers a suite of tools and services to help local real estate, mortgage, rental and home improvement professionals manage and market their businesses. Welcoming nearly 77 million unique users during its peak month in 2014, the Zillow, Inc. portfolio includes Zillow.com®, Zillow Mobile, Zillow Mortgage Marketplace, Zillow Rentals, Zillow Digs®, Postlets®, Diverse Solutions®, Agentfolio®, Mortech®, HotPads™ and StreetEasy®. The company is headquartered in Seattle.

Zillow.com, Zillow, Postlets, Mortech, Diverse Solutions, StreetEasy, Agentfolio and Digs are registered trademarks of Zillow, Inc. HotPads is a trademark of Zillow, Inc.

SOURCE Zillow, Inc.