Episode Details

Zillow, Compass, and Chicago’s MLS are locked in a high-stakes legal battle over who controls real estate listings — the data Zillow calls the “lifeblood” of its business. Zillow accuses Compass of using private channels to keep listings exclusive and claims the MLS shut off its data feed as part of a coordinated effort to protect those exclusives. The MLS defends itself by saying Zillow violated its rules, while Zillow points to communications suggesting a deliberate plan. Compass CEO Robert Reffkin fires back, calling Zillow’s tactics monopolistic and even alleging Zillow offered over a billion dollars to stop outside marketing — a claim Zillow denies. This clash reflects a broader industry shift as companies like Compass build national networks of pro-seller listings, while Zillow’s internal messages reveal skepticism toward other MLS services. The outcome could reshape how real estate portals and listing services operate nationwide.

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