""if we prevented our agents from marketing off Zillow.""
""They're trying to penalize the agents in brokerage firms to force people to list everything on Zillow," Reffkin said. "So then they offer $1.3 billion, $1.6 billion. And I said no.""
""a variety of product offerings and benefits that Zillow predicted would result in Compass earning an additional $1.3 to $1.6 billion annually and doubling Compass' market share.""
Zillow allegedly offered Compass up to $1.6 billion on the condition that Compass prevent its agents from marketing listings off Zillow. Zillow implemented a policy intended to block large brokerages and MLSs from operating private listing networks unless listings were also shown on Zillow. The policy aimed to give consumers access to the broadest set of active listings on Zillow and to enable Zillow to sell more products to agents. The alleged offer was declined. The proposal was described as a "potential partnership" including "a variety of product offerings and benefits that Zillow predicted would result in Compass earning an additional $1.3 to $1.6 billion annually and doubling Compass' market share."
Read at Boston Condos For Sale Ford Realty
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