WASHINGTON (dpa-AFX) - Rental marketplace Zillow Group, Inc. (Z, ZG) announced Monday a resolution with the Federal Trade Commission (FTC) and five states regarding its multifamily rental listings syndication agreement with Redfin. The FTC secured an order to resolve antitrust concerns with the Zillow-Redfin agreement.
The resolution unwinds an agreement under which Zillow paid Redfin $100 million to stop competing and hand off all its customers to Zillow, which violated antitrust laws.
Zillow paid Redfin to shut down its internet listing services (ILS) business and exclusively repost apartment listings provided by Zillow. Redfin was also required to transition its customers to Zillow and stay out of the ILS market for up to nine years.
The order ends allegedly unlawful agreement by requiring Redfin to reenter market for ILS and positions company as a stronger competitor. Restoring competition in the ILS market is expected to drive down costs and spur innovation that benefits renters and property management companies.
Under the order, Redfin faces monetary penalties for failing to follow through on the commitments to restart its ILS business within the prescribed timeframes and must provide regular updates to the FTC on its compliance with the order's requirements.
Zillow said the Zillow-Redfin partnership will continue, and the listings syndication will remain intact across Zillow, Trulia, HotPads, Rent.com, ApartmentGuide and Redfin.
In 2027, Zillow and Redfin will offer standalone multifamily advertising products in addition to the existing partnership, giving housing providers even more flexibility in how they work with Zillow.
The Commonwealth of Virginia and the states of Arizona, Connecticut, New York and Washington filed a similar complaint shortly after the FTC, and the cases were consolidated in November 2025.
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