(CORPORATE NEWS) Zillow being sued for Zestimates is nothing new, but they're now being accused of
concealing Zestimates on «Co-Conspirator Broker» listings, violating federal Antitrust laws.
Item 10 in the suit states, «Zillow has acknowledged that
it conceals Zestimates as a result of agreements with only «certain brokers» who receive «certain treatment»» and uses a message screenshot from Zillow's Help Center as proof these words were in fact used to explain why some listings had prominent Zestimates while others did not:
Therefore, their listing contains a prominently displayed Zestimate, while a similar listing in nearby Alpine, New Jersey, which is listed through a «Co-conspirator Broker,»
conceals the Zestimate:
One clearly
conceals the Zestimate, while the latter displays it clearly underneath the listing price.
Not exact matches
(CORPORATE NEWS) Zillow says they'll «vigorously defend» themselves against allegations that
Zestimates are
concealed on partner brokers» listings.
The first few points of the brief explain exactly what Zillow is being accused of doing: «this antitrust action arises from Zillow's conspiracy with certain real - estate brokerage companies to selectively
conceal «
Zestimates.»»
Zillow's estimate of a residential property's «fair market value» which the lawsuit states they know «to be inaccurate,» have allowed «only select brokers to
conceal the display of
Zestimates on their listings to the exclusion of the general public.»