Think real estate agent and broker dues help keep the lights on at realtor.com? Think again. News Corp. subsidiary Move Inc. has paid the National Association of Realtors $9 million for the right to operate realtor.com in the last five years — nearly $2 million every year.
- Move Inc. has paid the National Association of Realtors $9 million in license fees the last five years for the right to operate realtor.com.
- Under their agreement, Move operates the site on behalf of NAR and gets to make money from the site in exchange.
- The license fees Move pays NAR go into enforcing NAR's rules on the site, according to NAR CEO Dale Stinton.
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Inman Connect New York | January 29 - February 1, 2019