realtor.com | |
Subsidiary company | |
Traded as | |
Industry | Real Estate |
Founded | 1996 |
Headquarters | Santa Clara, California |
Key people
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Brands |
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Revenue | $191.72 Million USD (2011) |
$7.26 Million USD (2011) | |
Owner | News Corp (80%) and REA Group (20%) |
Number of employees
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Parent |
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Website | www.move.com |
Move, Inc, is a real estate web site, which operates the Move Network of real estate web sites for consumers and real estate professionals. The Move Network of web sites captures more than 60 million monthly visitors. The headquarters for Move, Inc. is in Santa Clara, California. Move, Inc. maintains offices in New York City, Scottsdale, Arizona, Westlake Village, California and Richmond, British Columbia, Canada.
The company began by working with the National Association of Realtors (NAR) to host and manage the listings of Realtors nationwide in the mid-1990s. At the time, the company operated as RealSelect, Inc. although the company became better known as Homestore.
Much of the past criticisms of the company centered on the actions of the management team during the rise of the dot-com bubble. In particular, the founder and former CEO, Stuart Wolff, was convicted of insider trading and falsifying the company books. Wolff's conviction was overturned on appeal in 2008, but he eventually plea bargained for a sentence of 3–5 years.
W. Michael Long, former CEO of Healtheon Corp. and chairman of WebMD Inc. after its merger with Healtheon took over as CEO on January 7, 2002. He was joined by two other former Healtheon and WebMD executives: Jack D. Dennison, chief operating officer, and Lewis R. Belote III, chief financial officer. Joe F. Hanauer, former head of Coldwell Banker’s Residential Group, was named chairman of Homestore’s board of directors.