Tag Archives: FTC

Zillow and Opendoor team up to provide cash offers to consumers

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The partnership pairs two of the most polarizing companies in the housing business, and comes less than a year after Zillow began ending its own iBuying efforts. Continue reading →

FTC fines Opendoor $62M for allegedly ‘tricking’ consumers

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Regulators with the Federal Trade Commission on Monday accused the iBuyer of “cheating” and “tricking” consumers. Opendoor disagrees with the allegations but has agreed to settle the case. Continue reading →

Douglas Elliman to go public in spinoff from Vector Group

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If approved by the FTC and Vector Group’s board, Douglas Elliman’s shares would trade under the ticker “DOUG” on the New York Stock Exchange. Continue reading →

Brad Inman challenges agents to embrace the future: ‘This is your time’

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The real estate industry has been in an era of rapid digitization for the past decade, and venture capitalists are pushing fast-forward on a future where transactions are as simple as buying a new car. Although that future terrifies most agents, Inman … Continue reading →

‘This is not a blip’: Antitrust experts warn RE leaders to work with DOJ

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The Council of Multiple Listing Services panelists warned real estate leaders and MLS members, “It’s better to be part of the process … than having the rules written for you.” Continue reading →

Zillow wraps ShowingTime deal as feds continue FTC investigation

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The $500 million deal was first announced in February, and it prompted a heated debate among ShowingTime users. Despite the deal closing, the FTC is reportedly still seeking information from the companies. Continue reading →

Opendoor and FTC still at odds over iBuyer’s advertising

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Regulator threatened “enforcement action” related to allegedly “inaccurate” or “inadequately substantiated” advertising claims if settlement talks fail. Continue reading →

Lawmakers urge investigation into Zillow acquisition of ShowingTime

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Rep. Ken Buck and Sen. Mike Lee, ranking members of the House and Senate antitrust subcommittees, have asked the FTC to “closely examine competition issues” in real estate. Continue reading →

Dueling NAR and REX op-eds hint that DOJ will target commissions

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National Association of Realtors: “The Administration has publicly signaled a lack of understanding about the MLS system and the associated commission structure.” Continue reading →

Here’s the timeline of the NAR-DOJ legal battle

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The U.S. Department of Justice just backed out of an antitrust settlement with the National Association of Realtors, suggesting more legal wrangling is on its way. Continue reading →