Real Estate Agents: Tired of paying Zillow’s excessive fees or feeling pressure to steer clients to Zillow’s lending services? You may have a legal claim.
A federal antitrust lawsuit alleges that Zillow used monopoly power to impose excessive referral fees on agents nationwide and pressure them to steer business to Zillow’s lending service.
Keller Rohrback has filed a class action lawsuit against Zillow, the online real estate giant, alleging that its anticompetitive practices illegally and unfairly extract outsized commissions from hardworking real estate agents.
The lawsuit alleges that Zillow unlawfully abused its monopoly power in the online real estate marketplace to overcharge real estate agents and coerce them into promoting Zillow’s mortgage lending services through its “Preferred” or “Premier” agent programs. The complaint claims that Zillow’s market dominance leaves agents with little practical choice but to participate in these agent programs, where Zillow imposes excessive fees and ties access to client referrals to the use of its in-house lending products.
If you are an agent who is tired of paying excessive fees and being forced to “play ball” with Zillow in order to earn your living, contact us at (800) 776-6044, email us at [email protected], or complete the form on this page to schedule a free, no-obligation consultation.
This case was recently featured in The Seattle Times: Zillow accused of referral monopoly, steering homebuyers to its lenders
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