Industry NewsNews Brief

ZipRealty signs 2 referral partners in NY

12 brokerages now providing IDX listings to ZipRealty.com

Brokerage network ZipRealty Inc. continues to see revenue from its own brokerage operations in 20 markets dwindle, even as it expands its new "Powered by Zip" referral network into additional markets.Emeryville, Calif.-based ZipRealty today announced the addition of two brokerages in New York to its referral network -- Fillmore Real Estate in Brooklyn, and Century 21 American Homes in Queens, Nassau, and Suffolk counties. The additions bring the number of brokerages participating in the "Powered by Zip" network to 12.A ZipRealty spokeswoman said that since the Powered by Zip program's launch last year, participating brokerages have used leads from the program to close "thousands of additional real estate transactions" involving homes valued at more than $160 million.ZipRealty -- which has closed down its own brokerage operations in 15 markets since January 2011 -- posted $314,000 in net income during the three months ending June 30, the company's first...