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OJO Labs Raises $62.5 Million, Acquires Movoto in Move to Transform the Homebuying Journey

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339 Belhaven Cir, Santa Rosa, CA 95409 - 1 Photos - MLS #321022318 - Movoto

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Movoto, the nationwide house search platform name no one understands, took 3. 5% of its beta market share in 2017. Though in existence considering that 2005, the Japanese giant Employee Holdings got Movoto 2 years earlier and spun it off as an independent business in 2015. Presently, Movoto holds the top position in property postings.

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Now, Movoto operates as a click-to-mortar brokerage. Alex Tiev, the head broker for Movoto in Southern California, describes Movoto as "what takes place when Redfin and Keller Williams get married and have a child." Being among Keller Williams' first agents in Southern California in 2004, Tiev became turning into one of the "standard" brokerage's team leaders and operating principals.

He went on to expand that brand name in San Francisco and San Diego. Movoto currently utilizes 6 other previous Redfin representatives. Together, Tiev and Dietz are leading the Movoto charge as it mixes its robust search platform with what they call "the very best of both Redfin and Keller Williams models." Learn More Here provides competitive commission divides for agents' self-generated leads along with Movoto-generated leads.