For years, Zillow has promised not to become a real estate broker, and the company says that it still has no plans to do so — Instant Offers doesn’t represent buyers or sellers, nor does Zillow hold active broker licenses in Nevada or Florida. But one big question that remains is whether Zillow would need broker’s licenses to operate its Instant Offers program legally if it were to begin accepting compensation.
- In both of Zillow Instant Offers' test markets, along with several other states, the law indicates that taking part in obtaining purchasers for a sale requires a broker's license, but only if compensation is involved.
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Inman Connect New York | January 29 - February 1, 2019