Auction.com Says It's Focused on Helping Real Estate Brokers, Not Taking Their Business

Auction.com is the world's largest online real estate marketplace. It's also the marketplace's most disruptive. The e-commerce company ushered over $7 billion in real estate sales, last year alone--a terrifying record to any RE broker or traditional industry intermediary. But Auction.com's President Jake Seid says, 'fear not', as his company aims not to take business away from brokers but to simply make the process of buying and selling properties faster, simpler and more mobile-friendly. With a recent investment from Google Capital and Google execs now on Auction.com's board, the company aims to continue its unprecedented growth spurt within one of the fastest growing internet sectors. TheStreet's Olivia Zaleski sat down with the optimistic CEO at the 2014 Techonomy Conference in Silicon Valley.