
Zillow stopped showing certain home listings in May under new listing policy
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Starting earlier this month, any property listing that was publicly marketed to consumers but not listed on the local MLS within one business day no longer appears on Zillow.
This step is in line with the National Association of Realtors' Clear Cooperation Policy, which aims to prevent exclusive real estate listings and increase fairness among buyers.
Real estate giant Zillow is shaking up the housing industry with new standards that the company says fall in line with new regulations aimed at transparency, but others believe they represent a power play by the nation's largest residential real estate listing service.
The company announced that any property listing that has been publicly marketed to consumers — whether through yard signs, in social media posts or on a brokerage website — but not listed on the local MLS within one business day, will no longer appear on Zillow or its daughter company, Trulia.
Sometimes agents will make an agreement with a seller that says they'll list the property only on their brokerage website, rather than also on the MLS. The new standards Zillow is following say it won't show those listings. Similar listings that were posted on the platform before these new standards will remain on the website.
In case you missed it: As real estate listings become more private, Zillow fights back
This step is in line with the National Association of Realtors' Clear Cooperation Policy, which aims to prevent property listings from being selectively marketed to certain people and to create an even playing field for all buyers.
"At the core of these standards is one simple principle: A listing publicly marketed to any buyer should be marketed to every buyer. This means in the MLS, on Zillow and even on non-Zillow portals or brokerage sites," Zillow's April announcement reads. "Why is this important? Because consumers deserve fair access to listings without having to get access behind a velvet rope controlled by any one company."
Several real estate brokerages, including West USA Realty, eXp Realty and NextHome, have already vowed to follow Zillow's new standards.
But Homes.com, another prominent real estate company, criticized Zillow's new standards in an email to agent subscribers, saying listing platforms should remain neutral and that this is a "power play of epic proportion."
"Zillow is asserting that they, not NAR, not your brokerage, not you the listing agent — and not even the homeowner whose house it is and is paying the commission — should decide how a listing is marketed," said Andrew Florance, founder and CEO of CoStar, the parent company of Homes.com. "This is not about protecting consumers — it's about protecting Zillow's ability to profit from listings by selling leads to competing agents."
According to a February Zillow investor presentation, 80% of consumers go directly to Zillow for residential real estate. Zillow also attracts 64% of all traffic among users of listing apps, which is more than four times that of Realtor.com, its closest competitor.
Because of that, Zillow said this is a step in the right direction to minimize confusion among consumers and ensure fair access to real estate information for all buyers.
"By requiring timely listings in the MLS and on other sites that receive MLS feeds, Zillow aims to prevent the disadvantages that arise from private listing networks and restricted inventory, which limit visibility and have an added impact for first-time buyers, lower-income groups and communities of color," the announcement reads.
Maddie McGay is the real estate reporter for NorthJersey.com and The Record, covering all things worth celebrating about living in North Jersey. Find her on Instagram @maddiemcgay, on X @maddiemcgayy, and sign up for her North Jersey Living newsletter. Do you have a tip, trend or terrific house she should know about? Email her at MMcGay@gannett.com.
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Year-to-Date Financial Detail (First Six Months of 2025 vs. First Six Months of 2024) Revenues decreased 56.6% to $4.3 million compared to $10 million, reflecting a 1% decrease in Hosted Services revenues and an 81% decrease in Mobile Services revenues. Gross profit was $1,202,133 or 27.8% gross profit margin, compared to gross profit of $2 million, or 20.3% gross profit margin. This increase in gross profit margin percentage primarily resulted from adding a higher percent of activations in the California market in our Mobile Services segment, and sourcing lower per subscriber network costs. Total operating expenses were $3.3 million, down (18.8%) compared to $4.1 million. This decrease was primarily due to lower payroll and related expenses associated with the reduction of headcount in our IM Telecom subsidiary and lower application development costs in our Apeiron Systems subsidiary. 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Sean McEweninquiries@ -- Unaudited Balance Sheets and Statements of Operations Follow - KonaTel, Balance Sheets(unaudited) June 30, 2025 December 31, 2024 Assets Current Assets Cash and Cash Equivalents $ 1,491,346 $ 1,679,345 Accounts Receivable, Net 509,571 1,533,015 Inventory, Net 118,242 163,063 Prepaid Expenses 75,349 94,496 Other Current Assets 310,988 112,170 Total Current Assets 2,505,496 3,582,089 Property and Equipment, Net 13,563 15,128 Other Assets Intangible Assets, Net 323,468 323,468 Right of Use Asset 257,499 319,549 Notes Receivable 850,000 1,000,000 Other Assets 74,328 74,328 Total Other Assets 1,505,295 1,717,345 Total Assets $ 4,024,354 $ 5,314,562 Liabilities and Stockholders' Equity Current Liabilities Accounts Payable and Accrued Expenses $ 2,675,605 $ 2,277,597 Right of Use Operating Lease Obligation - Current 78,457 113,740 Income Tax Payable 184,051 184,051 Total Current Liabilities 2,938,113 2,575,388 Long Term Liabilities Right of Use Operating Lease Obligation - Long Term 195,999 227,776 Total Long-Term Liabilities 195,999 227,776 Total Liabilities 3,134,112 2,803,164 Commitments and Contingencies Stockholders' Equity Common stock, $.001 par value, 50,000,000 shares authorized 43,541,140 outstanding and issued at June 30, 2025, and 43,503,658 outstanding and issued at December 31, 2024 43,541 43,504 Additional Paid In Capital 10,699,743 10,215,767 Accumulated Deficit (9,853,042 ) (7,747,873 ) Total Stockholders' Equity 890,242 2,511,398 Total Liabilities and Stockholders' Equity $ 4,024,354 $ 5,314,562 KonaTel, Statements of Operations(unaudited) Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 Revenue $ 2,158,656 $ 4,343,179 $ 4,327,370 $ 9,979,016 Cost of Revenue 1,608,416 3,443,472 3,125,237 7,951,804 Gross Profit 550,240 899,707 1,202,133 2,027,212 Operating Expenses Payroll and Related Expenses 1,081,633 1,341,046 2,192,333 2,793,146 Operating and Maintenance 2,069 1,421 3,489 2,965 Credit Loss 13,910 - 13,910 1,448 Professional and Other Expenses 325,750 231,302 483,181 341,525 Utilities and Facilities 48,528 59,332 94,939 110,118 Depreciation and Amortization 782 2,449 1,565 4,899 General and Administrative 64,975 44,573 114,962 105,968 Marketing and Advertising 5,396 27,031 10,482 61,027 Application Development Costs 172,967 387,800 351,493 593,883 Taxes and Insurance 32,788 59,115 63,981 113,550 Total Operating Expenses 1,748,798 2,154,069 3,330,335 4,128,529 Operating Loss (1,198,558 ) (1,254,362 ) (2,128,202 ) (2,101,317 ) Other Income and Expense Gain on Sale - - - 9,247,726 Interest Expense - - (577 ) (104,329 ) Other Income/(Expense), net 10,917 (4,763 ) 23,610 (68,693 ) Total Other Income and Expenses 10,917 (4,763 ) 23,033 9,074,704 Income (Loss) Before Income Taxes (1,187,641 ) (1,259,125 ) (2,105,169 ) 6,973,387 Income Tax Expense (Benefit) - (149,428 ) - - Net Income (Loss) $ (1,187,641 ) $ (1,109,697 ) $ (2,105,169 ) $ 6,973,387 Earnings (Loss) per Share Basic $ (0.03 ) $ (0.03 ) $ (0.05 ) $ 0.16 Diluted $ (0.03 ) $ (0.03 ) $ (0.05 ) $ 0.16 Weighted Average Outstanding Shares Basic 43,537,102 43,412,602 43,536,341 43,301,670 Diluted 43,537,102 43,412,602 43,536,341 43,301,670 SOURCE: KonaTel, Inc. View the original press release on ACCESS Newswire



