Zillow Settles FTC Claims Over Payment to Redfin for Stopping Apartment Listing Competition
The U.S. Federal Trade Commission (FTC) and five states reached a settlement with Zillow, ending allegations that the real estate platform paid $100 million to Redfin in exchange for ceasing competition on apartment rental listings. The FTC claimed this partnership increased costs for landlords and reduced listing quality for renters. Under terms of the agreement, Redfin will continue displaying Zillow ads but must resume its own rental advertising business within six months. The settlement was praised by both Democratic state attorneys general and the Trump administration as a win for restoring competition in online housing platforms. A spokesperson from Redfin stated that the partnership with Zillow would remain intact through 2030 while they rebuild their rentals division.
Topics: antitrust partnerships real estate