FTC Sues Zillow & Redfin: $100M Rental Deal Called “Illegal” | What It Means for Renters

The FTC just filed a major antitrust lawsuit against Zillow and Redfin over a $100 million rental listings deal. Regulators claim the agreement was designed to eliminate competition in multifamily rental advertising — with commitments lasting up to nine years and layoffs of 450 Redfin employees.Zillow and Redfin deny wrongdoing, calling the partnership pro-consumer and a way to expand renter access. But the FTC says it’s “obviously anticompetitive” and is seeking structural relief, which could include divestiture or breaking apart parts of the deal.