Homestore went public in August 1999, raising $140 million in the process. With more than 1.3 million listings by 1999, had become the largest website for real estate listings, and expanded services to include virtual tours of properties. also entered into a partnership with Better Homes and Gardens Real Estate Service, beginning in 1998. Starting in 1997, became the exclusive online real estate listings source for several companies, including USA Today, NBC, and America Online (AOL). RealSelect later changed its name to Homestore, and continued to operate the site with NAR as a partner. The site's management was assumed by a company called RealSelect, in a new partnership with NAR, funded by investment from venture capital firms. The site was relaunched with the name "Spot " at the same domain name in November 1996. RIN grew from 32,000 property listings in December 1995 to nearly 400,000 properties by October 1996. In 1996, the hosting site became public, allowing any Internet users to search for property listings, and expanded with the addition of Regional Multiple Listing Service (RMLS) listings in August. first launched in 1995 as the Realtor Information Network (RIN), which at that time was a closed network providing proprietary information to members of NAR. History Early history and public listing Originally located in San Jose, California, the company moved to Santa Clara in 2016. The company's business model is built around selling referral-based solutions, leads, and advertising to agents, brokers, and others in the real estate industry. The website is licensed to operate by the National Association of Realtors (NAR), the real estate industry's largest trade association. David Doctorow was named the new CEO in January 2020. Following the announcement of O'Hara's departure, News Corp's President of Global Digital Real Estate Tracey Fellows was named acting CEO in June 2019. Ryan O'Hara served as chief executive officer (CEO) of both and Move until June 18, 2019. is operated by the real estate network Move, Inc., which is owned by News Corp.
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