Zillow has introduced a policy banning any property listing not entered into the MLS within 24 business hours of public marketing. This move raises questions regarding its market dominance, as Zillow holds over 60% of the real estate market traffic. The new policy allows private exclusive listings but restricts sharing with other agents only within the brokerage. The lawsuit against Zillow also alleges collusion with other companies like Redfin and eXp Realty, highlighting concerns about competitive practices. Legal experts suggest that Zillow's significant market share may point toward monopolistic behavior.
Under its new policy, Zillow will refrain from displaying any property listing not entered into the MLS within 24 business hours, reinforcing its market position.
The lawsuit against Zillow raises serious questions about potential monopolistic control, with the company dominating over 60% of user traffic, thereby increasing scrutiny.
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