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CT AG and FTC Sue Zillow, Redfin Over $100M Anticompetitive Rental Market Agreement

Zillow and RedfinOctober 1, 2025Connecticut Attorney General

Summary

Connecticut Attorney General William Tong, along with attorneys general from Arizona, New York, Virginia, Washington, and the FTC, sued Zillow and Redfin for an anticompetitive agreement where Zillow paid Redfin $100 million to exit the multifamily rental listing market. The complaint alleges violations of the Sherman Act and Clayton Act, claiming the agreement reduces competition and could lead to higher rents.

Contract Impact

In-house legal teams should review contracts for antitrust risks, including exclusive dealing arrangements, non-compete clauses, market division agreements, and any provisions that could restrict competition. Specifically, check for agreements where one party pays another to exit a market or become an exclusive provider, as such practices may violate Sherman Act Section 1 and Clayton Act Section 7.

Contract Search Terms

exclusive agreementnon-competemarket allocationantitrust complianceexclusive dealingreferral agreementcompetition lawSherman ActClayton Actmonopolization

Laws Cited

Sherman ActClayton Act
15 U.S.C. § 115 U.S.C. § 18

Violation Types

Entity Details

Entity

Zillow and Redfin

Also known as: Zillow; Redfin

Industry

Real Estate

Multistate Coalition

Arizona AGNew York AGVirginia AGWashington AGFTC

Official Sources

Source Evidence

Entity Name
"Zillow and Redfin"
Laws Cited
"Section 1 of the Sherman Act, 15 U.S.C. § 1"
Laws Cited
"Section 7 of the Clayton Act, 15 U.S.C. § 18"
Summary
"Zillow paid Redfin $100 million to exit the ILS market for multifamily properties."

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