Zillow and accused of suppressing competition in US regulator lawsuit | US news
The Federal Trade Commission (FTC) suits Zillow and Redfin, accusing real estate companies of entering what the regulator said.
In a lawsuit filed on Tuesday, FTC claims that this agreement started in February – when he paid $ 100 million to Zillow Redfin. In exchange for this and other compensation, the Commission said that Redfin agreed to terminate contracts with advertising partners, to stop competition advertisements for many family properties up to nine years and to serve as a syndicator of Zillow lists on their sites.
Redfin also fired hundreds of employees shortly after the announcement of this plan, claiming that the company helped Zillow to rent these workers’ choice ”.
“Zillow has already paid millions of dollars to eliminate Redfin as an independent competitor as an independent competitor in an independent competitor in a concentrated advertising market.
Guarnera, Zillow and Redfin’s actions are also a violation of federal antitröst laws, he added. Agency, the alleged agreement already reduces competition in a concentrated market and more than 25 units in rental buildings will increase the cost of empty positions, he said. The agreement also, Virginia, Alexandria in the case, companies for the use of tenants for the use of sites to compete by facilitating the encouragement, he said.
Zillow is a giant in the field of real estate: it announced before The platform received approximately 227 million unique visitors per month and received 2.4 billion visits between January and March 2025.
In a statement, a Zillow spokesman added that “Redfin and list syndication benefit both tenants and property managers” and “expanding their access to very family lists”. The Seattle -based company said the agreement is “competitive and pro -consumer”.
Earlier this year, the Redfin spokesman, purchased by Detroit -based mortgage giant rocket companies, added that the company was “strongly participated in FTC’s claims” and that he was sure that he was dominant in court. Redfin reiterated that Zillow Partnership enables its users to access more rental list and more tenants – at the end of 2024, the company’s own advertising customers can not “justify our cost of protecting our sales power”.
In his case, FTC argues that the agreement between Redfin and Zillow is not the partnership of the two companies.
For the first time this year, Zillow is not facing allegations of contrary to competitive behavior. In June, the real estate broker company Compass filed a lawsuit against Zillow on a policy of prohibiting private home lists.
Compass, who applied to the US Regional Court of Southern York in New York, claimed that Zillow marketed the property of a home sellers and real estate agents for more than a day, forbid that Zillow and his allies will prohibit the listing of Redfin and EXP Realty on the search platforms.
“The prohibition of Zillow is trying to ensure that all home lists in this country are directed to the dominant search platform, so that Zillow can make money from every home list and maintain monopoly,” he said.
FTC, which allowed 3-0 voting in Tuesday’s complaint, is that companies try to terminate this agreement, in addition to another relief from the court-such as potentially disposed of or “restoring competition”.
Reuters and Associated Press contributed to reporting
