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Compass Drops Lawsuit Against Zillow over How some Homes Are Marketed Online
Compass dropped its lawsuit after Zillow agreed to publicly display pre-market home listings, restoring marketing freedom, following a judge’s denial of Compass’s injunction request.
- On Wednesday, Compass dismissed its antitrust lawsuit against Zillow after the company modified its 'Listing Access Standards,' Compass claimed, while Zillow said the lawsuit 'lacked merit.'
- Last June, Compass sued Zillow over the 'Zillow Ban,' claiming the rule was anticompetitive and designed to crush competition in the home search space.
- Zillow amended its rules to permit listings on other public-facing portals and announced the April launch of Zillow Preview, according to the company.
- A Zillow spokesperson said it 'welcomes' the withdrawal, while Compass claimed the policy change was a 'major victory' for home sellers.
- Separately, the Federal Trade Commission and five states sue Zillow and Redfin, a unit of Rocket Companies, accusing them of conspiring to thwart competition for online rental listings.
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The 'Zillow Ban' is dead. The future of real estate listings is much weirder.
Michael Yanow/NurPhoto via Getty Images; BIThe legal battle over the so-called "Zillow Ban" reached a surprisingly peaceful resolution Wednesday afternoon: Compass, the country's largest real estate brokerage, dropped its lawsuit against Zillow, marking the end of a fierce dispute over access to home listings. The bout between the two real estate giants may be settled, but a broader fight is still underway. It could decide how and where you find…
·United States
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Compass drops lawsuit over Zillow’s home-listing rules - The Boston Globe
Compass said its suit was being voluntarily dismissed, a month after a judge denied the company’s request to temporarily block Zillow from refusing to list homes that have been advertised elsewhere first.
·Boston, United States
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Coverage Details
Total News Sources21
Leaning Left5Leaning Right2Center9Last UpdatedBias Distribution56% Center
Bias Distribution
- 56% of the sources are Center
56% Center
L 31%
C 56%
13%
Factuality
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