According to an industry expert, the US real estate market will see a change in the coming months in the coming months.
One of the largest US real estate brokerage companies is taking the Zillow real estate giant on the “consumer choice”.
On Monday, the compass of the real estate broker filed a 60 -page complaint in the Manhattan Federal Court and claimed that Zilo was incorrectly refusing to List of homes On your site, which is first mentioned elsewhere.
“The Zillow ban is to ensure that all home lists in the country can be directed to its dominant search platform so that Zillow can earn money from each home list and protect its monopoly,” This is an additive that “(I) free and competitive markets, competitors' products and strategies must rise and compete.
“The petition is about supporting consumer choice,” said Robert Rafkin, the founder and coach of the compass. “No company should have the power to ban agencies or lists because they do not follow the business model of the company. This is not a competition. This is a compulsion. Imagine Amazon first banned a seller to offer a product on his website. This is what Zillow does in real estate.
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The compass mark on June 23, 2025, in Greenberra, California is in front of a home for sale. (Justin Sullivan / Getty Pictures)
The compass based in Manhattan seeks a ruling against Zilo to force them to change their own methods as well as monetary damage.
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A “for sale” mark is in a home in Miami, Florida, the United States April 16, 2025. (Marco Blue / Photo File / Reuters)
According to Reuters, Zilo, based in Seattle, has about 160 million homes in its database, receives 227 million unique visitors per month and received 2.4 billion visitors between January and March. They called the compass claims “baseless” and told Fox Business that “he will defend them seriously.”
The Zillow app is arranged on a smartphone on Tuesday, July 25, 2023 in Germantown, New York, the United States. (Gabi Jones / Bloomberg / Giti Pictures)
“When a list is marketed, it must be available All buyers – In all operating systems, including Zillow, a statement from Zillow spokesman said.
| Tick | Security | The last | Change | Changing % |
|---|---|---|---|---|
| Combine | Compass Inc. | 6.25 | +0.13 |
+2.12 % |
| Z | Zillow Group Inc. | 69.06 | +0.82 |
+1.20 % |
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“Hidden lists creates a scattered market, restricts consumer choice and creates barriers to home ownership, which is bad for buyers, sellers and industry in general, especially in this inventory and affordable restriction,” the spokesman added.
Reuters was involved in this report.