Compass drops lawsuit against Zillow
Springfield Business Journal
Compass has withdrawn its lawsuit against Zillow regarding a policy requiring timely listing publication.Summary
Real estate brokerage Compass has dropped its lawsuit against Zillow, which stemmed from a Zillow rule mandating that any home marketed to the public be listed on Zillow within one day of its initial listing. Compass had filed the suit last year, objecting to the rule as it impacted their marketing strategy that utilized “coming soon” listings. Zillow argued that these “coming soon” listings diminished transparency for potential buyers. Last month, a New York federal judge already denied Compass’s request to block Zillow’s rules, paving the way for Compass to drop the suit.
(Source：Springfield Business Journal)