Brokerage

Realtor.com cracks open NYC market with listings from The Corcoran Group

Licensing discussions with other brokerages, REBNY underway

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Moving to capitalize on its new freedom to publish listings from non-Realtor affiliated sources, realtor.com is now getting listing data from The Corcoran Group, and is in discussions to license data from other New York City brokerages and the Real Estate Board of New York (REBNY). Up until amendments to the realtor.com operating agreement were approved by the National Association of Realtors in July, the portal could not license data from non-Realtor-affiliated brokers and multiple listings services. "New York City was a bit of a hole for us," said Curt Beardsley, vice president of product marketing at realtor.com operator Move Inc. The Corcoran Group is the first non-NAR-affiliated brokerage to send its existing-home listings to realtor.com since Move and NAR signed off on amendments to the 1996 operating agreement. The amendments were motivated in part by the desire to stem realtor.com's loss of Internet market share to competitors like Zillow and Trulia. The Corcoran Gr...