Redfin to reenter listing market under settlement
The Federal Trade Commission announced Monday a settlement with Zillow and Redfin resolving an antitrust complaint over a 2025 agreement in which Zillow paid Redfin $100 million to shut down its internet-listing services business and stay out of the market for up to nine years. The settlement unwinds that agreement and requires Redfin to reenter the market while investing tens of millions of dollars into the business, the FTC said.
The disputed arrangement also required Redfin to exclusively repost apartment listings provided by Zillow, according to the FTC. The agency filed its complaint in September, alleging that the Zillow-Redfin agreement violated antitrust law. Five states — Arizona, Connecticut, New York, Virginia and Washington — filed similar complaints, and the cases were consolidated late last year.
“Today’s settlement unwinds an agreement under which Zillow paid Redfin $100 million to stop competing and hand off all its customers to Zillow,” said Daniel Guarnera, who heads the FTC’s Bureau of Competition. The FTC said the settlement will restore competition, reduce costs and encourage innovation benefiting renters and property-management companies.
Under the settlement, Redfin will reenter the internet-listing services market and invest tens of millions of dollars in the business. The order contains no admission of liability or wrongdoing by Zillow.
Zillow, an online home-buying and rental platform, said its partnership with Redfin is pro-consumer and pro-competitive. The company said it is pleased to have found a resolution that enables the partnership’s continuation.
Redfin, a subsidiary of Rocket Cos., called the resolution “a significant win” for the company and consumers across the country. “This agreement allows us to maintain our rental partnership with Zillow through at least 2030 while building and investing in a stand-alone rentals business of our own,” the company said.