Real Estate Veteran Dave Collins Joins LendingTree® from RELO®

CHARLOTTE, N.C., January 27, 2005 -- Real estate industry veteran Dave Collins has left his post at RELO® to join LendingTree®, LLC as the head of its RealEstate.com Broker Network, which consists of more than 750 real estate companies from throughout the country.

Said RealEstate.com Senior Vice President Eric Cunliffe, “Dave has developed an outstanding reputation during his nearly two decades in real estate, and his successful track record in network management and business development will be a tremendous asset to RealEstate.com and its partners. Not only does Dave have strong relationships with many of the country’s leading real estate brokers, but he also brings a deep understanding of broker economics and what it takes to create value for our partners. I can’t think of a better match.”

As vice president of the RealEstate.com Broker Network, Collins will be responsible for guiding the network through its next phase of growth as the company more aggressively markets the RealEstate.com brand to drive increasing levels of consumer traffic to its partners. In particular, he will work with network partners to devise strategies for handling increasing customer volume, and will further institutionalize the utilization of best practices for closing transactions through e-commerce channels.

Collins has served since 2000 as the senior vice president, network services for RELO, based in Chicago, where he was responsible for growing and managing its national broker network. His many accomplishments there included increasing network referral closing volume by nearly 50 percent, improving referral revenue and profits, and adding more than 120 new members to the network. Prior to that, Collins was vice president, relocation for Edina Realty Home Services in Minneapolis, where he held overall operational responsibility for its relocation division. From 1988 to 1996, Collins held a series of increasingly responsible roles with PHH Relocation Services in Oakbrook, Illinois.

Added Collins, “The opportunity for growth and success within the RealEstate.com Broker Network is tremendous. I’m excited to put my experience to work for such a dynamic and innovative company, and I look forward to working with our partners to take their business with us to the next level.”

About RealEstate.com
RealEstate.com offers consumers a better way to buy or sell a home through a comprehensive suite of real estate services, tools and content as they progress through their home buying or selling process. This one-stop-shop offers a personalized roadmap, access to more than one million home listings, exclusive Find-a-REALTOR® and Find-a-Builder matching services, free home valuation tools, dedicated customer care representatives available nearly round-the-clock, and valuable rebate offers. Together, these tools allow RealEstate.com to simplify the often-complex real estate transaction and help consumers save time, money, and aggravation.

RealEstate.com is owned and operated by LendingTree, LLC, which is part of IAC Financial Services and Real Estate, an operating business of IAC/InterActiveCorp (NASDAQ: IACI), which also owns or operates LendingTree Loans, LendingTree Settlement Services, GetSmart Lending®, Domania, iNest, and ServiceMagic Real Estate.

REALTOR® -- A registered collective membership mark that identifies a real estate professional who is a member of the National Association of REALTORS® and subscribes to its strict Code of Ethics.