Zillow Nightmares?!
For those who don't know, a quick summary:
- MRED notified Zillow about a license agreement dispute on May 19. Zillow did not cure the violation by the deadline. As a result, Zillow no longer has access to display 43,000+ MRED listings on Zillow.com and Trulia.com.
- The dispute centers on 9 specific listings (0.02% of MRED inventory). Zillow is excluding them based on their marketing practices. MRED says this violates their license agreement. Zillow has filed a federal antitrust lawsuit.
- What this means for you: MRED listings continue to be displayed across thousands of other consumer websites, but not Zillow. Your property exposure remains strong. Zillow's licensees can still use MRED services for transactions.
- Zillow can regain access to MRED listings by returning to compliance with the license agreement.
In addition to this, many agents are reporting that Zillow took their PRIVATE LISTINGS AND POSTED THEM PUBLICLY. Infuriating clients. Is this happening to anyone else?!1
u/Ty_TheRealEstateGuy — 2 days ago