Zillow and Redfin Reach FTC Rental Deal Settlement
The FTC and state attorneys general reached a settlement with Zillow and Redfin requiring them to reshape their rental syndication agreement. The deal restores independent advertising and mandates millions in investments to drive competition.
Zillow and Redfin must restructure their $100M rentals agreement under a settlement with the United States Federal Trade Commission and five state attorneys general, resolving an antitrust lawsuit. The August afternoon agreement averts a trial that was scheduled to begin the same day, preserving the companies' syndication partnership with strict new competitive conditions. The settlement aims to restore competition in the online housing rental market, potentially driving down costs for renters and property management companies.
