Zillow gives up most brokerage licenses

Cost-cutting measure may quell rumors

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Property valuation and listings portal Zillow is relinquishing its real estate brokerage licenses in all but two U.S. states — a cost-cutting move the company also expects will put an end to occasional rumors that Zillow planned to get into the business of brokering home sales.

Zillow has always maintained that it obtained brokerage licenses in most U.S. states when the company launched in 2006 not because it intended to broker property transactions, but as a legal precaution to protect its ability to publish real estate related information.