Dotloop defends acquisition

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Takeaways:

  • The industry has been talking about how Zillow Group’s acquisition of dotloop will affect the software.
  • Concerns include Zillow Group’s access to transaction data and how dotloop will function in the future.
  • In a video uploaded to dotloop’s website, founder Austin Allison says, “We’re still dotloop.”

The commentary started swirling as soon as Zillow Group announced its intention to acquire dotloop by the end of third-quarter 2015 — concerns about product functionality, concerns about access and, especially, concerns about how Zillow Group might access and use transaction data that’s always been part of dotloop, and whether this acquisition indicates that Zillow Group is taking a step toward becoming an end-to-end real estate transaction platform itself.

Other questions involved logistical and operational questions — Will dotloop change dramatically or remain the same platform so many agents have integrated into their own business worlds?

In a video uploaded to dotloop’s website on Friday, dotloop founder and CEO Austin Allison said, “We’re still dotloop.”

“As has always been the case, data on dotloop is only used for the services that are permitted by the licenses that we have with agents and brokerages who use our product. Nothing has changed on that front,” he said.

Watch the video.