Today, the Federal Trade Commission sued Zillow and Redfin over an unlawful agreement that eliminates Redfin as a competitor in the market for placing advertising of rental housing on internet listing services (ILSs)—the websites that millions of Americans use to find their next rental home. Zillow Group, Inc., and Zillow, Inc., (Zillow) and Redfin Corporation operate two of the nation’s …
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FTC sues Zillow and Redfin over rentals deal
Illustration by Real Estate News/Shutterstock The federal agency alleges the real estate giants broke antitrust laws when Zillow paid $100 million to become Redfin’s exclusive multifamily listings provider. The Federal Trade Commission is suing real estate giants Zillow and Redfin, alleging the two illegally conspired to eliminate competition in the rental listings market. In a Sept. 30 complaint, the federal …
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