ZipRealty Now Opening Doors in Minneapolis-St. Paul

Date : 07/06/2006 @ 9:00AM
Source : PR Newswire
Stock : Ziprealty (MM) (ZIPR)
Quote : 3.3761  -0.5139 (-13.21%) @ 8:00PM
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ZipRealty Now Opening Doors in Minneapolis-St. Paul

Real Estate Brokerage Continues Its National Expansion and Strengthens U.S. Footprint

EMERYVILLE, Calif., July 6 /PRNewswire-FirstCall/ -- ZipRealty (NASDAQ:ZIPR), a national full-service real estate brokerage providing home buyers and sellers high quality service and savings, announced today that the Company is officially operational in the Minneapolis-St. Paul market, with a growing team of licensed agents working with buyers and sellers in 11 counties.

Minneapolis-St. Paul marks the second active market for ZipRealty (http://www.ziprealty.com/) in the Midwest and its 18th nationally. The Company has been active in Chicago since 2000. The new Twin Cities branch serves the counties of Anoka, Carver, Chisago, Dakota, Hennepin, Isanti, Ramsey, Scott, Sherburne, Washington, and Wright. As part of its standard offering, ZipRealty gives buyers 20 percent of its commissions, and sells homes for up to 25 percent less than the standard market commission.

"We're excited that the Twin Cities community now has access to all of ZipRealty's online real estate tools along with local and experienced agents," said Gary Beasley, President, ZipRealty. "The launch of the Minneapolis-St. Paul market is an important element of the expansion of our Midwest presence and national footprint."

Steven Dock joins ZipRealty as the District Director in Minneapolis-St. Paul, overseeing agent recruiting and training. With a background in residential real estate, along with management experience in banking, retail and capital equipment sales, Dock most recently served as vice president and general manager of a residential real estate brokerage in the Twin Cities- area.

About ZipRealty

ZipRealty is a full-service residential real estate brokerage firm. The Company uses the Internet, proprietary technology and efficient business processes to provide home buyers and sellers with high-quality service and value. Founded in 1999, the Company currently operates in 18 major metropolitan areas in 12 states and the District of Columbia. The Company's client-centric business strategy utilizes a sophisticated Web site, which enables home buyers and sellers to access comprehensive local Multiple Listing Services home listings data and other relevant information. The Company also utilizes a proprietary business management technology platform, which reduces costs and allows the Company to pass on significant financial savings to consumers. This Internet-enabled, technology-driven, employee-based model provides the Company with a distinct competitive advantage, allowing ZipRealty to consistently deliver outstanding service to clients. For more information on ZipRealty, visit http://www.ziprealty.com/ or call 1-800-CALL-ZIP (1-800-225-5947).

Contact: Ceci De La Montanya, +1-415-277-4909, or , or Marcus Gamo, +1-415-277-4925, or , both of Allison & Partners, for ZipRealty.

DATASOURCE: ZipRealty

CONTACT: Ceci De La Montanya, +1-415-277-4909, or , or

Marcus Gamo, +1-415-277-4925, or , both of Allison &

Partners, for ZipRealty

Web site: http://www.ziprealty.com/

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