Zillow to Acquire E-Signing Service DotLoop

SEATTLE—Zillow Group said Wednesday it had entered into a definitive agreement to buy DotLoop, a Cincinnati-based e-signing service for real estate agents. Terms of the transaction were not disclosed; it’s expected to close in the third quarter, subject to customary closing conditions.

“Real estate transactions are already moving online—it’s what home buyers, sellers and real estate professionals want,” says Spencer Rascoff, Zillow Group’s CEO. “We’re incredibly excited by DotLoop’s innovation and leadership in making digital transactions a reality. Now we will be able to make their technology more readily available to Zillow Group’s 10,000 broker partners and the agents they represent, as well as our approximately 100,000 real estate agent advertisers, resulting in a smoother and more efficient transaction process for everyone.”