Zillow, the renowned real estate platform, has come to a resolution in its antitrust lawsuit against Arizona Regional Multiple Listing Service (ARMLS), Multiple Listing Service, Inc., over the termination of its integration with ShowingTime+ in favor of MLS Aligned’s listing platform.
The journey towards this settlement was a rollercoaster ride spanning nine months, filled with legal battles, motions, and arguments. However, the dust has finally settled, and the terms have been finalized. Here’s what you need to know about the outcome:
- Joint Resolution: A joint statement released to Inman revealed that Zillow, ShowingTime+, MLS Aligned, ARMLS, and Metro MLS have all reached an agreement. This resolution aims to enhance the showing experience for their members, allowing optional integration and use of both Aligned Showings and ShowingTime within MLS Aligned regions, including ARMLS and Metro MLS.
- Legal Backdrop: The legal showdown began in December 2023 when Zillow filed a lawsuit against ARMLS and Metro MLS, accusing them of violating antitrust laws by discontinuing their integrations with ShowingTime. Zillow contended that this decision was an attempt to grant MLS Aligned a monopoly in their regions.
- Competing Claims: In response, ARMLS and Metro MLS argued that the introduction of MLS Aligned actually increased competition in the market. They defended their choice to switch to Aligned Showings as a move to benefit their subscribers and improve service offerings.
- The Settlement: After several months of legal wrangling and disputes, the case reached a turning point with a preliminary settlement just days before the scheduled arguments. The settlement, which is now final, concludes the case with prejudice, preventing Zillow from refiling it in the future.
In light of this resolution, the real estate landscape can now move forward with a renewed focus on innovation and collaboration. The industry thrives on healthy competition and fair practices, and this agreement sets a precedent for constructive partnerships among key players.
As we look ahead to the future of real estate, it’s crucial to remember the importance of transparency, cooperation, and shared success. Let’s build on this positive outcome and continue shaping a brighter tomorrow for the industry together.
