Antitrust has been a loaded topic in real estate since at least the commission lawsuits of the 2020s that alleged many foundational rules and practices in real estate violated antitrust laws, and the Department of Justice (DOJ) launching its own parallel inquiry. Now, federal agencies are looking to review and revise existing antitrust guidelines, the…
Above, left to right: Zillow CEO Jeremy Wacksman, MRED CEO Rebecca Jensen and Compass International Holdings CEO Robert Reffkin Midwest Real Estate Data (MRED) has announced that it will suspend property listing data feeds to Zillow Group websites, including Zillow.com and Trulia.com, unless Zillow cures its violation of its license agreements and MRED’s rules by…
A federal judge handed the National Association of Realtors (NAR) a major legal win today, throwing out a lawsuit by two brokers and an agent in Michigan, who had claimed that rules restricting MLS access violated federal and state antitrust laws. Douglas Hardy, Glenn Champion and Dylan Trent filed the lawsuit all the way back…
In a mostly technical legal briefing filed last week in Virginia federal court, rivals Zillow and Redfin jointly pushed back against a lawsuit filed by the Federal Trade Commission (FTC) and five states’ attorneys general that alleges the two companies violated federal antitrust law when they struck a rental “syndication” agreement late last year, arguing…