Compass, America’s largest independent real estate brokerage, filed a lawsuit against real estate marketplace Zillow on June 23, accusing the company of using “anticompetitive tactics to protect its monopoly and revenues in violation of the antitrust laws.”
The lawsuit, filed at the District Court, Southern District of New York, said that nearly every house for sale nationwide is listed on Zillow’s home-search platform, making it a “vital, go-to destination for consumers looking to purchase homes.” Zillow generates revenue by referring buyers interested in home tours to its affiliated agents, earning a commission for providing buyer information, according to the lawsuit.
