No, it's not a HomeGain/Zillow merger ...

A team of RE/MAX real estate agents in the Greater Washington, D.C., area have launched a new Web site, HomeZill.com, that offers to refund to buyers up to two-thirds of a traditional 3 percent commission that is received on the buyer's side of a real estate transaction.

David Dowies, a Realtor with RE/MAX Choice in Fairfax, Va., who is also CEO and founder of HomeZill, said the site launched on Aug. 23 and is targeting tech-savvy Gen-X and Gen-Y consumers who prefer to perform the bulk of the home search on their own.

"More and more consumers and home buyers are able to find their property online," he said, even before they contact a real estate professional.

The site taps into MLS property information from the regional Metropolitan Regional Information Systems (MRIS) MLS, and the site also features a unique database of new-construction properties.

The URL for the Web site is intended to be catchy but doesn't have any meaning and doesn't have anything to do with Zillow, Dowies said.

All rights reserved. This article may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this article without permission is a violation of federal copyright law.