Jeremy Wacksman

And it's fascinating because we're celebrating a 20 year anniversary and the brand has come so far, but the goal of building a one-stop shop for real estate, we're really just getting started.

Or you're walking the beach and you can say, wow, I want to move here.

Yeah.

What's that house worth?

Over 500.

Yeah.

That's right.

It's a great question.

I think from the outside, you would assume it's contentious because we're the innovator.

We came in.

We're the technologists.

But the reality is...

We love the MLSs.

They are the marketplace.

And your comment on we have this real estate database, that is the MLSs and it's available to everyone.

Whenever I talk to people about our industry and they don't work in industry, they are surprised to learn is the listings that are for sale are.

broadly shared by every person in the real estate market to everyone else.

So the listings that are on Zillow, the listings that are on realtor.com, that are on our competitor websites, we all have the same listings.

There's no differentiation of what's for sale, right?

And what that means is it's an incredible public good.