MORGANTOWN, W.Va., March 26, 2014 /PRNewswire/ -- ListHub, the leading distributor of property listings and provider of performance metrics in real estate, operated by Move, Inc., (MOVE), today announced the expansion of the Real Estate Network (REN) to extend the syndication of property listings to consumer-facing websites and mobile apps operated by Multiple Listing Services (MLSs). The REN was launched in March 2012 to support the opportunity for content owners to advertise listings on websites operated by real estate franchises and other brokerage network organizations. The REN will now support a new category of publishers comprised of MLSs who operate consumer-facing real estate search websites. The Houston Association of Realtors is the first MLS to participate in the network at launch, and will make its public site, HAR.com, available as a publisher to all brokers in ListHub-supported MLS markets throughout Texas in a beta version beginning at the end this month. HAR.com has millions of visitors per month viewing listing detail pages 37 million times in January 2014. It is also ranked second among all real estate websites in Texas.
The core function of the REN is to provide listing content owners, such as brokers, with a voluntary option to advertise their listings on industry websites within a specific set of rules which serves as a framework for the value exchange between the owner of the content and the publisher of the website. Franchise REN Rules are available for review here. The MLS REN websites will utilize a different set of rules and will apply to MLS public websites displaying properties outside their own MLS market. Two key principles include: 1) all leads will be provided directly to the listing agent and only to the listing agent (or other lead recipient expressly indicated by the listing broker), and 2) properties are only authorized for consumer display on the public-facing site and shall not be included in the receiving MLS's member listings database. Analytics for the traffic and leads generated by the MLS sites will be available for brokers and agents to gain insight into the value provided by MLS website advertising. The MLS REN Rules were formed based on input from a broad set of industry participants, including brokers and MLSs.
"As an MLS, the accuracy and integrity of the content on our website is of top importance, and with ListHub, we know that the content will be 100 percent broker-authorized, and MLS-accurate," said Bob Hale, president and CEO of the Houston Association of Realtors. "The Real Estate Network satisfies the need for industry websites to compete fairly with third-party websites by offering broad exposure for listings across a wider geography of listing inventory and real estate brokers."
"HAR.com is the #2 real estate website in Texas and Realtor listings were viewed 37 million times in January," said Virginia Cook, CEO of Virginia Cook, Realtors. "We are so pleased that we will soon be able to promote all our listings on HAR.com at no cost. We congratulate HAR for always helping our agents grow their business in this digitized 21st Century! Bravo! Bravo from your Dallas fellow Realtors."
"Although I am an Austin broker, I have had Turnquist Partners, Realtors listings on HAR.com for almost 5 years," said Michele Turnquist, owner of Turnquist Partners, Realtors. "My leads are free, there are no competitors on my listings and they have been viewed more than 416,000 times. I am an HAR.com fan."
ListHub plans ongoing evolution of the REN to continue providing choice and opportunity to all ListHub network participants. "The Real Estate Network has always been designed for expansion of ListHub's industry-friendly framework for managing data exchange between new categories of content owners and content publishers," said ListHub General Manager Luke Glass. "We are excited to reach a new milestone in this vision with the addition of MLSs as publishers."
For more information about the MLS REN visit the ListHub website.
ListHub is operated by Move, Inc., (MOVE), the leader in online real estate. ListHub provides a platform to MLSs and real estate brokers to effectively manage every aspect of advertising listings online, including tools for making informed advertising choices, flexible options for routing consumer traffic and leads, and reporting for accurately measuring the results of their online marketing. Listing information is kept up-to-date to provide today's homebuyers with the most accurate information available from the MLS. ListHub is the leading platform nationwide for listing management, serving more than 50,000 brokerage firms, and synchronizing listing information from over 450 MLS data sources with more than 125 publisher websites.
Founded in 1918, the Houston Association of REALTORS® (HAR) is a member organization of real estate professionals engaged in every aspect of the industry, including residential and commercial sales and leasing, appraisal, property management and counseling. It is the largest individual dues-paying membership trade association in Houston as well as the second largest local association/board of REALTORS® in the United States.
About Move, Inc.
Move, Inc. (MOVE), the leader in online real estate, operates: realtor.com®, the official website of the National Association of REALTORS®; Move.com, a leading destination for new homes and rental listings, moving, home and garden, and home finance; ListHub™, the leading syndicator of real estate listings; Moving.com™; SeniorHousingNet; SocialBios; Doorsteps®; TigerLead® Top Producer® Systems and FiveStreet. Move, Inc. is based in San Jose, California.
This press release may contain forward-looking statements, including information about management's view of Move's future expectations, plans and prospects, within the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of Move, its subsidiaries, divisions and concepts to be materially different from those expressed or implied in such statements. These risk factors and others are included from time to time in documents Move files with the Securities and Exchange Commission, including but not limited to, its Form 10-Ks, Form 10-Qs and Form 8-Ks. Other unknown or unpredictable factors also could have material adverse effects on Move's future results. The forward-looking statements included in this press release are made only as of the date hereof. Move cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, Move expressly disclaims any intent or obligation to update any forward-looking statements to reflect subsequent events or circumstances.
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