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Zillow vs RPR: Which got more initial funding?

07/07/2016

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The National Association of Realtors, the nation’s largest trade group, owns a seven-year-old technology company into which it pours tens of millions every year. How does that funding compare to the initial funding for the biggest real estate company — Zillow Group — in the country? What’s RPR — and what’s Zillow have to do with it? Realtors Property Resource (RPR) is NAR’s tech company, a for-profit subsidiary that provides a members-only parcel-based database of 166 million properties and data tools to all of the nation’s Realtors at an annual cost of some $24 per member. By the end of this year, NAR will have spent at least $144.7 million on RPR since 2009, an amount that is projected to rise to $167.7 million by the end of 2017, $191.2 million by the end of 2018, and …

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