Realtor.com is a real estate listings website operated by the News Corp subsidiary Move, Inc. and based in Santa Clara, California. It is the second most visited real estate listings website in the United States as of 2021, with over 100 million monthly active users. The site launched as the Realtor Information Network in 1995, serving as a closed network for members of the National Association of Realtors. It relaunched in 1996 as a public website displaying property listings. Since then, Realtor.com claims to be the largest real estate website in the United States, and in 2016 was valued at $2.5 billion by Morgan Stanley. Operations Realtor.com is operated by the real estate network Move, Inc., which is owned by News Corp. Ryan O'Hara served as chief executive officer (CEO) of both realtor.com and Move until June 18, 2019. 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. David Doctorow was named the new CEO in January 2020. The website is licensed to operate by the National Association of Realtors (NAR), the real estate industry's largest trade association. 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. Realtor.com covers 80 countries. Originally located in San Jose, California, the company moved to Santa Clara in 2016. History Early history and public listing Realtor.com 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. 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. RIN grew from 32,000 property listings in December 1995 to nearly 400,000 properties by October 1996. The site was relaunched with the name "Spot Realtor.com" at the same realtor.com domain name in November 1996. The site's management was assumed by a company called RealSelect, in a new partnership with NAR, funded by investment from venture capital firms. RealSelect later changed its name to Homestore, and continued to operate the realtor.com site with NAR as a partner. Starting in 1997, Realtor.com became the exclusive online real estate listings source for several companies, including USA Today, NBC, and America Online (AOL). Realtor.com also entered into a partnership