The team that operates Rooms.NET and Local.NET has established a new company called Real Estate.NET Holdings Pty Ltd, which has just announced the official acquisition of the Domain Name Realestate.NET, in order to extend the company’s market reach, wishing to develop RealEstate.NET into a worldwide agent solutions network that will focus initially on the U.S.

We think realtors and consumers need access to a greater range of services on the Internet without the headaches of maintaining memberships at several websites to achieve the one result, and we believe we can meet those needs with one brand – RealEstate.NET,

said Mason Fok, Real Estate.NET Holdings CEO.

The RealEstate.NET website is set to officially launch late February. Real estate agents who decide to become members will have access to @realestate.net email addresses, giving them instant prestige and credibility.

The Daily Domainer had the following to say:

"A wonderful sale and certainly a great deal for both the buyer and seller. As the .com space becomes more crowded, companies are increasingly moving into alternative extensions. One can only wonder how much realestate.com would have gone for!"

Source: Daily Domainer - February 1st, 2007