MRED suspended listing data feeds to Zillow and Trulia after Zillow allegedly refused to cure a material breach of MLS license agreements. MRED says its licensing agreement requires Zillow to display all listings it supplies. Zillow’s Listing Access Standards policy bans listings publicly marketed more than one day before they appear on IDX or VOW-powered sites, which led to nine listings in MRED’s dataset being banned from Zillow. MRED then pulled more than 40,000 listings from Zillow, despite Zillow seeking court relief in an antitrust lawsuit. Zillow showed about 1,900 Chicago homes for sale, compared with over 8,600 on Realtor.com and over 5,000 on Redfin. Agents must explain to clients why listings may not appear on Zillow and why inventory visibility is reduced.
"MRED announced that it was suspending listing data feeds to Zillow and Trulia after the portal allegedly refused to cure what the MLS called a material breach of its license agreements. MRED claims that, according to its licensing agreement with Zillow, the portal must display all of the listings MRED supplies it with. However, Zillow's Listing Access Standards policy bans listings that are publicly marketed for more than one day before being available for display on sites powered by IDX or VOW data feeds, which resulted in nine listings in MRED's data set being banned from Zillow."
"Due to this, MRED pulled over 40,000 listings from Zillow, despite the portal asking the court in its antitrust lawsuit to stop MRED from taking this action. As of Thursday morning, Zillow showed roughly 1,900 homes for sale in Chicago, compared to over 8,600 on Realtor.com and over 5,000 on Redfin. MRED's decision to pull its listings has left thousands of agents in the middle of this dispute, forcing them to explain to their clients why their listing may not be on Zillow and why they won't be able to see the area's available inventory on Zillow."
"“It's not lost on me there is a long history and genuine complexities in [this] battle. My frustration is that it's working agents and home sellers who are paying the price with MRED cutting their feed to Zillow,” Nick Aufenkamp, the founder of DIY Homebuyer Academy and a Washington-based broker, wrote in an email. “If I'm selling my home in Chicagoland, I want it to be as visible and accessible to as many potential buyers as possible.”"
#mls-licensing-disputes #zillow-listing-access-standards #idxvow-data-feeds #antitrust-lawsuit #real-estate-market-visibility
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