SEATTLE—Zillow Group said Wednesday it hadentered into a definitive agreement to buyDotLoop, a Cincinnati-based e-signing service forreal estate agents. Terms of the transaction were not disclosed;it's expected to close in the third quarter, subject to customaryclosing conditions.

"Real estate transactions are already moving online—it's whathome buyers, sellers and real estate professionals want,” saysSpencer Rascoff, Zillow Group's CEO. “We'reincredibly excited by DotLoop's innovation and leadership in makingdigital transactions a reality. Now we will be able to make theirtechnology more readily available to Zillow Group's 10,000 brokerpartners and the agents they represent, as well as ourapproximately 100,000 real estate agent advertisers, resulting in asmoother and more efficient transaction process for everyone."

Founded in 2009, Dotloop is led by AustinAllison. He's been recognized both within the industry andoutside of it, featured as Inman News' 2012 Innovator of the Year,included in Forbes' 30 Under 30 for 2012 and rankedeleventh among the most powerful real estate technology executivesin the Swanepoel Power 200 Report. Post-close, Allison willcontinue to lead DotLoop as founder and general manager, reportingto Errol Samuelson, Zillow's chief industrydevelopment officer.