Compass sues Zillow over private listings policy

“To protect its market dominance, Zillow has retaliated against competitive threats by enacting an exclusionary policy,” Compass argued in its lawsuit.

Zillow says its new listings policy, which is set to go into effect on June 30, is enforcing the National Association of Realtor‘s Clear Cooperation Policy and ensuring transparency in the market.

Redfin, which has taken a similar position, was named as a co-conspirator in the suit, but not a defendant.

Through its so-called “three-phase marketing plan,” Compass has challenged the status quo of real estate marketing in the U.S. The brokerage is pushing sellers to market houses exclusively through its portal, which allows them to test pricing and marketing without being subject to days on market and price cuts, which…