Zillow Redfin Antitrust Settlement | Phoenix News

Arizona’s Attorney General Kris Mayes just announced a major antitrust settlement between Zillow and Redfin, calling their secret $100 million deal a “backroom deal” that rigged the rental market. The agreement forced Redfin to exit multifamily rentals and hand over clients to Zillow for up to nine years — a move the FTC and 23 states deemed illegal. Now, both companies must resume fair competition, restore marketplace options for renters and property owners, and pay $2 million to the states. This landmark case aims to break up the cozy monopoly and bring back real choice in one of the housing industry’s most critical spaces. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/44b98fad2e3a81c2