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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>SECURITIES AND EXCHANGE
COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>FORM 8-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">CURRENT REPORT</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>Pursuant to Section&nbsp;13
or 15(d) of</B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">the Securities Exchange Act of 1934</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">Date of report (Date of
earliest event reported): <B>August 23, 2012</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
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    <TD STYLE="width: 100%; border-bottom: windowtext 1pt solid; padding-right: 0.7pt; padding-left: 0.7pt; text-indent: 0in; font-size: 10pt; font-weight: bold; text-align: center">ZIPREALTY, INC.</TD></TR>
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    <TD STYLE="padding-right: 0.7pt; padding-left: 0.7pt; text-indent: 0in; font-size: 10pt; text-align: center">(Exact Name of Registrant as Specified in Its Charter)</TD></TR>
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    <TD STYLE="border-bottom: windowtext 1pt solid; vertical-align: top; padding-right: 5.45pt; text-align: center; font-size: 10pt; font-weight: bold; text-decoration: none">Delaware</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; vertical-align: bottom; padding-right: 5.45pt; text-align: left; font-size: 10pt; font-weight: bold; text-decoration: none">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; vertical-align: top; padding-right: 5.45pt; text-align: center; font-size: 10pt; font-weight: bold; text-decoration: none">000-51002</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; vertical-align: bottom; padding-right: 5.45pt; text-align: left; font-size: 10pt; font-weight: bold; text-decoration: none">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: windowtext 1pt solid; vertical-align: top; padding-right: 5.45pt; text-align: center; font-size: 10pt; font-weight: bold; text-decoration: none">94-3319956</TD></TR>
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    <TD STYLE="vertical-align: top; padding-right: 5.45pt; text-indent: 0in; font-size: 10pt; text-align: center">(State or Other Jurisdiction of Incorporation)</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.45pt; text-indent: 0in; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.45pt; text-indent: 0in; font-size: 10pt; text-align: center">(Commission File Number)</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-right: 5.45pt; text-indent: 0in; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.45pt; text-indent: 0in; font-size: 10pt; text-align: center">(I.R.S. Employer Identification No.)</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="width: 10px">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>&nbsp;</B></P>

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    <TD STYLE="width: 100%; border-bottom: windowtext 1pt solid; padding-right: 0.7pt; padding-left: 0.7pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>2000 Powell Street,
        Suite 300</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>Emeryville, CA 94608</B></P></TD></TR>
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    <TD STYLE="padding-right: 0.7pt; padding-left: 0.7pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">(Address of Principal
        Executive Offices)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">(Zip Code)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">&nbsp;</P></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>510-735-2600</B></P>

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    <TD COLSPAN="2" STYLE="border-top: windowtext 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0in; font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-top: windowtext 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0in; font-size: 10pt; text-align: center">(Registrant&rsquo;s Telephone Number, Including Area Code)</TD>
    <TD COLSPAN="2" STYLE="border-top: windowtext 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0in; font-size: 10pt; text-align: center">&nbsp;</TD></TR>
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    <TD STYLE="text-indent: 0.5in; font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: top; padding-right: 0.7pt; padding-left: 0.7pt; text-indent: 0in; font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="text-indent: 0.5in; font-size: 10pt">&nbsp;</TD></TR>
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    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 25%">&nbsp;</TD>
    <TD STYLE="width: 54%">&nbsp;</TD>
    <TD STYLE="width: 19%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>Not Applicable</B></P>

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    <TD STYLE="width: 26%; border-top: windowtext 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0in; font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 54%; border-top: windowtext 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0in; font-size: 10pt; text-align: center">(Former Name or Former Address, if Changed Since Last Report)</TD>
    <TD STYLE="width: 20%; border-top: windowtext 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0in; font-size: 10pt; text-align: center">&nbsp;</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (<I>see</I> General Instruction
A.2. below):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.25pt; text-indent: -14.25pt">[ ] Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.25pt; text-indent: -14.25pt">[ ] Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.25pt; text-indent: -14.25pt">[ ] Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.25pt; text-indent: -14.25pt">[ ] Pre-commencement communications
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 14.25pt; text-indent: -14.25pt">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><B>Item&nbsp;5.02&nbsp;&nbsp; Departure of
Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(e) On August
23, 2012, the Compensation Committee of the Board of Directors of ZipRealty, Inc. (the &ldquo;Company&rdquo;) approved </FONT>the
following changes to the compensation package for Franklin V. (Van) Davis, President of Brokerage Operations, as negotiated between
the Company and Mr. Davis: (i) Mr. Davis will be eligible for reimbursement for only those reasonable expenses for travel between
Northern California and Virginia that are incurred prior to August 23, 2012, and (ii) Mr. Davis will be eligible for a total reimbursement
of up to $20,000 for reasonable expenses for housing or lodging in the San Francisco Bay Area that are incurred while Mr. Davis
is employed by the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>SIGNATURE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"></P>

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    <TD STYLE="padding-right: 0; font-weight: bold; padding-left: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 0; font-weight: bold; padding-left: 0">ZIPREALTY, INC.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 0; padding-left: 0">a Delaware corporation</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; padding-right: 0; padding-left: 0">&nbsp;</TD>
    <TD STYLE="width: 5%; padding-right: 0; padding-left: 0">&nbsp;</TD>
    <TD STYLE="width: 45%; padding-right: 0; padding-left: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0in">Dated: August 29, 2012</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0in">By:</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0in; border-bottom: Black 1pt solid">/s/ Samantha E. Harnett</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0">Samantha E. Harnett</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0; font-style: italic">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font-style: italic">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font-style: italic">Vice President and</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0; font-style: italic">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font-style: italic">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font-style: italic">General Counsel</TD></TR>
</TABLE>


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{"company-data": {"conformed-name": "ZIPREALTY INC", "cik": "0001142512", "assigned-sic": "6531", "irs-number": "943319956", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-51002", "film-number": "121063246"}, "business-address": {"street1": "2000 POWELL STREET, SUITE 300", "city": "EMERYVILLE", "state": "CA", "zip": "94608", "phone": "510-735-2600"}, "mail-address": {"street1": "2000 POWELL STREET, SUITE 300", "city": "EMERYVILLE", "state": "CA", "zip": "94608"}}
UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13
or 15(d) of
the Securities Exchange Act of 1934
Date of report (Date of
earliest event reported):
August 23, 2012
ZIPREALTY, INC.
(Exact Name of Registrant as Specified in Its Charter)
Delaware
000-51002
94-3319956
(State or Other Jurisdiction of Incorporation)
(Commission File Number)
(I.R.S. Employer Identification No.)
2000 Powell Street,
        Suite 300
Emeryville, CA 94608
(Address of Principal
        Executive Offices)
(Zip Code)
510-735-2600
(Registrant's Telephone Number, Including Area Code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (
see
General Instruction
A.2. below):
[ ] Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02   Departure of
Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(e) On August
23, 2012, the Compensation Committee of the Board of Directors of ZipRealty, Inc. (the "Company") approved
the
following changes to the compensation package for Franklin V. (Van) Davis, President of Brokerage Operations, as negotiated between
the Company and Mr. Davis: (i) Mr. Davis will be eligible for reimbursement for only those reasonable expenses for travel between
Northern California and Virginia that are incurred prior to August 23, 2012, and (ii) Mr. Davis will be eligible for a total reimbursement
of up to $20,000 for reasonable expenses for housing or lodging in the San Francisco Bay Area that are incurred while Mr. Davis
is employed by the Company.
SIGNATURE
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
ZIPREALTY, INC.
a Delaware corporation
Dated: August 29, 2012
By:
/s/ Samantha E. Harnett
Samantha E. Harnett
Vice President and
General Counsel