Brokers and agents who want to fill out the California Association of Realtors’ (CAR) electronic forms in software other than the solutions offered by its for-profit subsidiary are out of luck, because of a long-term exclusive license the subsidiary granted its own software firm, zipLogix LLC, when it acquired the firm more than a decade ago. CAR and its subsidiary, Real Estate Business Services Inc. (REBS), make decisions to license CAR’s electronic forms to other companies, a CAR spokeswoman told Inman News. CAR founded REBS in 1991 and retains a 100 percent stake in the company. Through its ownership of REBS, CAR has a stake of just under 65 percent in zipLogix. NAR has owned a 30 percent stake in zipLogix since 2001. Several other state and regional associations hold the rema...
Sep 5, 2013 by Andrea V. Brambila
Jun 6, 2013 by Paul Hagey