Fox Businessยท2025-06-24 12:31Core Viewpoint - Compass, a major U.S. residential real estate brokerage, has filed a lawsuit against Zillow, claiming that Zillow's practices limit consumer choice and create a monopoly in the real estate market [1][2]. Group 1: Lawsuit Details - Compass has submitted a 60-page complaint in Manhattan federal court, seeking an injunction against Zillow to change its listing practices and monetary damages [1][5]. - The lawsuit argues that Zillow's refusal to list homes that were first listed elsewhere is an attempt to maintain its dominant market position and monetize each listing [2][5]. Group 2: Statements from Key Players - Robert Reffkin, Founder & CEO of Compass, emphasized that no single company should have the power to restrict agents or listings based on its business model, equating Zillow's actions to coercion [2]. - A Zillow spokesperson countered that when a listing is publicly marketed, it should be accessible across all platforms, including Zillow, and criticized the fragmentation of the market caused by hiding listings [9][11]. Group 3: Market Context - Zillow has a substantial presence in the market, with approximately 160 million homes in its database and 227 million unique visitors per month [7]. - The real estate market is currently facing challenges, with home listings reaching a record value of $69 billion, highlighting the importance of accessibility and consumer choice in this environment [5].