The American real estate market is about to see a shift in the coming months, according to an industry expert.
One of the largest American residential real estate brokerage companies takes real estate giant Zillow about “consumer choice”.
On Monday, Real Estate Makelaardage Kompas submitted a complaint of 60 pages to the Federal Court of Manhattan and claimed that Zillow is refusing incorrectly Make a list of houses on the site that was first mentioned elsewhere.
“The Zillow Ban wants to ensure that all home statements in this country are sent to its dominant search platform, so that Zillow can earn money with any home list and protect the monopoly,” the complaint states, adds that “[i]After free and competing market, products and strategies of competitors, should rise and fall on merit – not the whims of a monopolistic gatekeeper such as Zillow. “
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Compass Realty Sign has been placed for a house for sale on June 23, 2025 in Greenbrae, California. (Justin Sullivan / Getty images)
Compass, based in Manhattan, is looking for an order against Zillow to force them to change their practices, as well as monetary damage.
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A sign “For Sale” is in a house in Miami, Florida, USA 16 April 2025. (Marco Bello / File Photo / Reuters)
The Zillow app on a smartphone in Germantown, New York, USA, on Tuesday 25 July 2023. (Gabby Jones / Bloomberg / Getty images)
“When an offer is publicly marketed, it must be accessible to All buyers – On all platforms, including Zillow, “said a statement from a Zillow spokesperson.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| Component | Compass Inc. | 6.25 | +0.13 |
+2.12% |
| Z | Zillow Group Inc. | 69.06 | +0.82 |
+1.20% |
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“Hiding improvements creates a fragmented market, limits the choice of consumers and creates barriers for homeowners, which is bad for buyers, sellers and industry in general, especially in this inventory and the approval of affordability,” the spokesperson added.
Reuters has contributed to this report.
