Boston Real Estate Investors Association

In the eleventh hour before the trial was scheduled to begin, Zillow and Redfin reached a “resolution” with the Federal Trade Commission (FTC), as well as attorneys general from five states over their antitrust claims related to the $100 million multifamily rental syndication deal executed by Zillow and Redfin in early 2025.

The companies announced the resolution in court Monday morning.

In a post on its Front Porch blog, Zillow said its partnership with Redfin will “continue unchanged and the listings syndication across Zillow, Trulia, HotPads, Rent.com, ApartmentGuide, Redfin and Realtor stays intact.”

Additionally, as part of this resolution, both Zillow and Redfin will also begin to offer standalone multifamily advertising products. Zillow has noted that it will launch this product next year.

“When we launched our syndication agreement with Redfin, the goal was straightforward: help renters find more homes,” Zillow’s blog post stated. “So, our partnership with Redfin is a solution to that problem. By syndicating multifamily listings across platforms, we can get more properties in front of more renters — wherever they happen to be searching.”

According to Zillow, since its partnership with Redfin launched, multifamily properties on Redfin’s websites nearly quadrupled and multifamily properties on Zillow’s websites grew by nearly 40%.

“We feel good about this resolution, and we’re looking forward to what’s ahead,” Zillow added in its post.

In an emailed statement, a Redfin spokesperson told HousingWire that the resolution was a “significant win” for Redfin.

“Renting is the starting point for millions of people on the path to homeownership, and a foundational part of the Redfin journey. This agreement allows us to maintain our rental partnership with Zillow through at least 2030, while building and investing in a standalone rentals business of our own,” the spokesperson added. “Consumers will continue to have access to the rental inventory they rely on today, while we build a stronger Redfin that can meet them at any stage – from their first rental to their first home and beyond.”

The background

This comes after U.S. District Court Judge Anthony Trenga denied Zillow and Redfin’s motion to dismiss the antitrust lawsuit filed by the FTC and attorneys general from Virginia, Arizona, New York, Connecticut and Washington in May of this year. Additionally, the federal judge denied the FTC’s request for a partial summary judgement in the suit, writing in his ruling that disputed issues in the case must be resolved at trial.

The FTC and several states sued Zillow and Redfin over a February 2025 agreement under which Zillow paid $100 million to become the exclusive provider of multifamily rental listings on Redfin, Rent.com and ApartmentGuide.com, with two optional two-year extensions.

Zillow also operates several rental listing platforms, including Zillow Rentals, HotPads and Trulia.

Originally filed as two separate lawsuits in September 2025 and consolidated in November, the case alleges the agreement effectively paid Redfin to exit the multifamily rental listings market, eliminating it as a competitor.

According to the FTC’s complaint, Redfin also agreed to stop selling multifamily advertising, terminate its existing advertising contracts and transition those customers to Zillow.

The FTC alleged that the arrangement effectively combined two of the three largest online apartment listing services and violated federal antitrust and merger laws.

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