Aug 5 (Reuters) - Real estate giant Zillow ( ZG ) has settled a
lawsuit accusing U.S. home-listing services of unlawfully trying
to squelch competition for scheduling software and related tools
that agents use to show properties to potential buyers.
Seattle-based Zillow ( ZG ) said in statement on Friday that it
reached a settlement in the case against Arizona Regional
Multiple Listing Service and Multiple Listing Service, which
Zillow ( ZG ) filed in December in Arizona federal court. A U.S. judge
then dismissed the case at Zillow's ( ZG ) request.
The lawsuit marked the first Zillow ( ZG ) had ever filed against a
multiple listing service, the regional databases that give
agents for buyers and sellers access to new listings and other
residential real estate information.
Agents rely on "showing management software" on those
platforms to schedule and coordinate home showings. Zillow ( ZG )
alleged Arizona Regional Multiple Listing Service conspired with
another service to boycott Zillow's ( ZG ) scheduling company,
ShowingTime, in violation of U.S. antitrust law.
The lawsuit said Arizona listing services formed their own
showing platform, Aligned Showings, to steer tens of thousands
of real estate agents in the Phoenix area to use it.
In their settlement statement, Zillow ( ZG ) and the Arizona
Multiple Listing Service said they were "committed to enhancing
the showing experience for their members." They said brokers
will be allowed to use both showing platforms.
Arizona Regional Multiple Listing Service and other
defendants had denied any wrongdoing and asked a court to
dismiss Zillow's ( ZG ) lawsuit.
The defendants told the court they had made an independent
business decision to select Aligned Showings over Zillow's ( ZG )
ShowingTime.
The case is Zillow Group Inc ( ZG ) and ShowingTime.com LLC v.
Arizona Regional Multiple Listing Service Inc et al, U.S.
District Court, District of Arizona, 2:23-cv-02701-MTL.
For Zillow ( ZG ): Beau Buffier and Eric Tuttle of Wilson Sonsini
Goodrich Rosati; and David Rosenbaum of Osborn Maledon
For Arizona Regional Multiple Listing Service and Multiple
Listing Service: Edward Salanga and Brian Howie of Quarles &
Brady
Read more:
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