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Zillow offers loan quotes through Redfin

Distribution deal includes revenue-sharing agreement

Zillow says it's entered into a distribution deal with online real estate brokerage Redfin that allows visitors to the brokerage's Web site to request loan quotes from the Zillow Mortgage Marketplace.A Zillow spokeswoman said the deal, announced on the company's corporate blog, includes a revenue-sharing agreement with Redfin.In an e-mail, Redfin Chief Executive Officer Glenn Kelman said terms of the agreement have not been finalized. Kelman said that if the brokerage does generate revenue from mortgage customers, it will disclose that fact "and my guess is that we'd refund some portion of it back to the consumer.""We just thought it would improve Redfin's customer experience if, in addition to our recommended lenders, we also offered consumers some ability to check prices in the larger marketplace," Kelman said. "By the same token, we don't earn any money from our recommended lenders."Redfin announced last week that it had entered the Atlanta market, the ...

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