Last $3.46 USD
Change Today +0.15 / 4.53%
Volume 11.7K
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As of 5:20 PM 04/24/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

2000 Powell Street

Suite 300

Emeryville, CA 94608

United States

Phone: 510-735-2600

Fax: 510-735-2850

ZipRealty, Inc. operates as an online real estate brokerage company in the United States. The company’s owned-and-operated real estate brokerage serves 19 metropolitan markets with approximately 1,500 licensed REALTORS. The company serves an additional 15 markets through its Powered by Zip business, which provides its technology platform as an enterprise cloud-based application, the company’s software as a service solution. The company operates ZipRealty.com, a Website with approximately 2.4 million monthly visitors. It also provides consumers with mobile applications that offer all of the major features of its Website and optimize them for major platforms and devices. In 2012, the company launched a transformational Zap upgrade that made it easier for REALTORS to manage small and large contact pools with follow-up plans, which features an improved intelligence engine, which predicts client behaviors and propensity to transact, and that is completely redesigned with a stylized Web 2.0 interface. Solutions The company offers a start-to-finish residential real estate transaction solution. Its solution begins with the first home search or listing appointment from a desktop computer or a mobile device, extends to the first client-and-agent interaction that occurs 6 to 18 months later, and continues even after a home transaction has closed to include the incubation of repeat and referral business. The company has developed and operates a Website at www.ziprealty.com and mobile apps for the iOS and Android platforms with which consumers could access and analyze its information. It offers its users the ability to personalize their real estate experience by saving homes to their profiles, saving searches for any neighborhood or zip code, sharing listings through email, Facebook or Twitter, and receiving email alerts that notify them each time that a property meets their desired search criteria is up for sale. The company’s Website and mobile apps also allow users to schedule showing appointments, submit offers online, and connect with real estate professionals. On its mobile apps, users could use StreetScan to determine whether a home is for sale simply by pointing their phone or tablet’s camera at it, or use StreetSketch to draw a search area right on the map for a customized home search. The company displays agent photos, contact information, and relevant activity on its trafficked home detail and search result pages. It also offers its agents the opportunity to improve their online presence by posting information on the ZipCommunity, by commenting on properties they visit using the Agent Comments feature and by participating in its Agent Ratings and Reviews program. The company’s Website also offers consumers the capability to search its complete directory of agents and narrow their search based on factors, including the agent’s neighborhood specialization, professional experience, or credentials. In addition to agent marketing, the company connects REALTORS and consumers through its agent-client matching functionality. Markets The company serves the markets in its owned-and-operated brokerage and Powered by Zip network with approximately 2,000 local, licensed real estate agents, all of whom are independent contractors. Intellectual Property The company has registered various Internet domain names related to its business in order to protect its proprietary interests. It holds a patent issued in the United States that covers certain processes and methodologies related to transacting residential real estate on the Internet. In addition, the company has filed seven patent applications with the U.S. Patent Office to seek protection for various aspects of its technology, which creates a network that connects its mobile tools, Website, and customer relationship management tools to improve communication among and information available to real estate professionals and clients. Trademarks: ZipRealty is the company’s registered trademark in the United States. It also owns the rights to the domain name ‘www.Real-Estate.com’. REALTOR and REALTORS are registered trademarks of the National Association of REALTORS. Regulatory Matters The Real Estate Settlement Procedures Act of 1974, as amended, as applicable to the company, is intended to provide for advance disclosures to home buyers and sellers of settlement costs and the elimination of kickbacks or referral fees that tend to increase unnecessarily the costs of certain settlement services. History ZipRealty, Inc. was founded in 1999. The company was incorporated under the laws of the state of California in 1999 and was reincorporated as a Delaware corporation in 2004.

 

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Price/Earnings NM Not Meaningful
Price/Sales 0.9x
Price/Book 5.8x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.8x
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