Move Inc. is building something ...

Allan Dalton, who in October was named president of Move Inc.'s (formerly Homestore) real estate division in charge of Realtor.com and other operations, is working on a hush-hush internal project that "could be transformational for both consumers and real estate professionals."

The announcement came during a fourth-quarter earnings announcement today.

Dalton has relinquished his day-to-day duties at Realtor.com while he is working on the creation of this "entirely new business venture," as described by Move Inc. CEO Mike Long. The new venture is expected to launch in the third quarter of this year, Long said.

Errol Samuelson, president of Top Producer Systems, a Move Inc. company, has been promoted as executive vice president of the real estate division. Samuelson will continue to oversee Top Producer operations and will also oversee Realtor.com operations, Long announced.

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