Zillow & Redfin Face FTC Lawsuit Over Alleged Anti-Competitive Rental Deal
Zillow and Redfin are facing a lawsuit from the FTC over an alleged anti-competitive deal. The agreement, which involves Redfin stopping advertising multi-family apartment complexes of 25 units or more, is being challenged in the U.S. District Court for the Eastern District of Virginia. Judge Claude M. Hilton will decide if the partnership stands.
The FTC alleges that Zillow and Redfin have made an illegal deal that eliminates competition in the rental market. The agreement involves Redfin ending its contracts with advertising customers and exclusively syndicating Zillow listings. This, the FTC claims, violates the Sherman Act and Clayton Act.
Both Zillow and Redfin dispute the allegations. Zillow argues that the partnership benefits renters and property managers by expanding access to listings. Redfin states that the deal has given Redfin.com visitors access to more rental listings and enabled investment in rental-search innovations.
The case is being heard by Judge Claude M. Hilton. If found guilty, Zillow and Redfin could face penalties for violating federal antitrust law. However, both companies remain confident in their partnership.
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