ZipRealty
From Wikipedia, the free encyclopedia
| ZipRealty | |
|---|---|
| Type | Public (NASDAQ: ZIPR) |
| Founded | Richmond, California (1999) |
| Headquarters | Emeryville, California, USA |
| Key people | Pat Lashinsky, CEO David Rector, CFO William Sinclair, EVP Genevieve Combes, SVP |
| Industry | Real Estate |
| Revenue | ▲ $103 million USD (2007) |
| Employees | 2,426 |
| Website | www.ziprealty.com |
ZipRealty, Inc. NASDAQ: ZIPR is a U.S. real estate company with licensed agents in 34 major metropolitan areas in nineteen states and the District of Columbia. It is incorporated in Delaware and headquartered in Emeryville, California.
Areas of operation include San Francisco, Los Angeles, Chicago, Atlanta, Dallas, Houston, Phoenix, Seattle, San Diego, San Jose, Sacramento, Boston, Las Vegas, the greater Washington D.C area, Miami, Tampa, Orlando, Minneapolis, Tucson, Bakersfield, Palm Springs, Denver, Philadelphia, Baltimore, Long Island, New York City, Westchester County, Charlotte, Raleigh/Durham, Austin, Houston, Salt Lake City, Norfolk and Richmond.
Founded on the belief that selling or buying a home could be faster, easier and more efficient by using the Internet. ZipRealty believes that it has streamlined the real estate process and is able to pass savings on to its clients. The Company rebates up to 20 percent of its commission in cash to buyers at closing. In May 2008, the company announced that it has rebated over $100 million to home buyers since the company was launched in 1999. The company went public in 2004.
The company provides brokerage services to buyers and sellers, which include showing properties to its buyers, and listing and marketing properties on behalf of its sellers, as well as negotiating, advisory, transaction processing, and closing services through its employee-agents. The company's website provides a step-by-step approach to guide its clients through the home selling and buying processes and offers clients access to MLS (Multiple Listing Service) homes for sale in the markets that it serves. In addition, the company's website also provides information on neighborhood attributes, new home listings, school district information, comparable home sales data, maps, and driving directions.
