{"id":49196,"date":"2025-09-30T22:40:51","date_gmt":"2025-09-30T22:40:51","guid":{"rendered":"https:\/\/site.itshrt.com\/worldnews\/feds-accuse-zillow-of-paying-rival-redfin-100-million-to-stop-competing\/"},"modified":"2025-09-30T22:40:51","modified_gmt":"2025-09-30T22:40:51","slug":"feds-accuse-zillow-of-paying-rival-redfin-100-million-to-stop-competing","status":"publish","type":"post","link":"https:\/\/site.itshrt.com\/worldnews\/feds-accuse-zillow-of-paying-rival-redfin-100-million-to-stop-competing\/","title":{"rendered":"Feds accuse Zillow of paying rival Redfin $100 million to &#8220;stop competing&#8221;"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<\/p>\n<div id=\"article-0\">\n<section class=\"content__body\">\n<p>Federal regulators are accusing online real estate firm Zillow of paying rival Redfin $100 million to discourage competition in home rental advertising, harming both renters and property managers.<\/p>\n<p>In a <a href=\"https:\/\/www.ftc.gov\/system\/files\/ftc_gov\/pdf\/ZillowGroup-Complaint.pdf\" target=\"_blank\" rel=\"nofollow noopener\">lawsuit<\/a> filed Tuesday in the U.S. District Court for the Eastern District of Virginia, the Federal Trade Commission alleged the companies struck an &#8220;unlawful agreement that eliminates Redfin as a competitor&#8221; in the market for placing home rental ads on so-called internet listing services, which the agency notes are widely used by consumers.\u00a0<\/p>\n<p>Zillow and Redfin, which both operate large real estate listing networks, in February agreed that Redfin would stop competing in the ad market for multifamily properties for nine years and help transition its customers to Zillow, the FTC alleged.\u00a0<\/p>\n<p>&#8220;Paying off a competitor to stop competing against you is a violation of federal antitrust laws,&#8221; Daniel Guarnera, director of the FTC&#8217;s Bureau of Competition, said in a statement. &#8220;Zillow paid millions of dollars to eliminate Redfin as an independent competitor in an already concentrated advertising market \u2014 one that&#8217;s critical for renters, property managers and the health of the overall U.S. housing market.&#8221;<\/p>\n<p>In a statement to CBS news, a Zillow spokesperson said the company&#8217;s\u00a0listing agreement with Redfin &#8220;benefits both renters and property managers and has expanded renters&#8217; access to multifamily listings across multiple platforms.&#8221;\u00a0<\/p>\n<p>&#8220;It is pro-competitive and pro-consumer by connecting property managers to more high-intent renters so they can fill their vacancies and more renters can get home,&#8221; the spokesperson added.\u00a0<\/p>\n<p>A spokesperson for Redfin said the company &#8220;strongly disagrees&#8221; with the government&#8217;s allegations. &#8220;Our partnership with Zillow has given Redfin.com visitors access to more rental listings and our advertising customers access to more renters,&#8221; the spokesperson said in a statement.\u00a0<\/p>\n<p>    <!-- data-recirc-source=\"queryly\" --><\/p>\n<aside class=\"component list recirculation component--type-recirculation \">\n        <\/aside>\n<p>    <!-- tags --><\/p>\n<div class=\"content-author\">\n      <a href=\"https:\/\/www.cbsnews.com\/team\/mary-cunningham\/\" class=\"content-author__name\" data-invalid-url-rewritten-http=\"\">Mary  Cunningham<\/a><\/p>\n<div class=\"content-author__bio\">\n<div class=\"content-author__full-information\">\n<p class=\"content-author__text\">Mary Cunningham is a reporter for CBS MoneyWatch. Before joining the business and finance vertical, she worked at &#8220;60 Minutes,&#8221; CBSNews.com and CBS News 24\/7 as part of the CBS News Associate Program.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/section><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.cbsnews.com\/news\/zillow-redfin-ftc-lawsuit-rental-competition\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Federal regulators are accusing online real estate firm Zillow of paying rival Redfin $100 million to discourage competition in home<\/p>\n","protected":false},"author":1,"featured_media":49197,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[3071,8228,6129],"class_list":["post-49196","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-money-watch","tag-federal-trade-commission","tag-redfin","tag-rents"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Feds accuse Zillow of paying rival Redfin $100 million to &quot;stop competing&quot; - World News<\/title>\n<meta name=\"description\" content=\"The FTC alleges the online real estate firms agreed not to compete against each other in the market for placing rental housing ads.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" 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