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Industry Relations
Impact and Consequences of the Zillow Lawsuit
Jan 10, 2024
Rob and Greg explore the Zillow lawsuit against MLSs, discussing the impact on technology distribution and MLS system integration. They delve into the challenges faced by MLSs and the potential consequences for competition. The speakers also discuss the lack of standards for information swapping and the confusion surrounding Errol's role in the Showing Time acquisition. Additionally, they examine the power dynamics between Zillow and the National Association of Realtors, expressing concerns about potential consequences and industry bullies.
58:13
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Quick takeaways
- The Zillow lawsuit against MLSs highlights the challenges and potential consequences of relying on a single showing management platform.
- Zillow's aggressive stance in filing the lawsuit marks a departure from its previous cooperative approach, indicating growing competition and tensions in the real estate technology landscape.
Deep dives
Zillow lawsuit against MLS analyzed
Zillow has filed a lawsuit against two MLSs, Armless out of Phoenix and Metro out of Milwaukee, for alleged antitrust violations. The lawsuit stems from Zillow's acquisition of ShowingTime and the subsequent removal of its integration from MLS systems. The lawsuit claims that the MLS controls the distribution of technology and that the removal of ShowingTime's integration makes it functionally unworkable for most agents. The lawsuit also raises questions about the power and role of MLSs in the real estate industry. The outcome of this lawsuit could have significant implications for the MLS industry and its relationship with third-party vendors.
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