Episode Details

Zillow is locked in a high-stakes legal battle with Chicago’s MRED and brokerage Compass over private home listings, accusing them of anticompetitive tactics that cut Zillow out of the market before homes go public. When MRED severed Zillow’s data access, nearly 40,000 listings vanished—forcing a judge to intervene. MRED claims Zillow violated listing agreements, while Compass CEO Robert Reffkin defends private marketing as a proven strategy that drives higher sales and faster closings, even alleging Zillow once offered them cash to stop it. Zillow counters with its “listing access standards,” arguing private listings harm competition and consumers, and cites an economist’s testimony that the MRED-Compass pact could be a nationwide blockade. A judge is poised to decide whether the case moves to arbitration, with a follow-up hearing looming—potentially reshaping how real estate data flows across the industry.

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