Redfin and Zillow Must Change Unlawful Agreement That Hurts Competition, FTC Says

TL;DR

The FTC has mandated changes to a commercial agreement between Redfin and Zillow.
The agreement was found to have weakened competition and harmed consumers in the home rental market.
The FTC's settlement resolves an antitrust lawsuit filed last year.
Zillow had allegedly paid Redfin $100 million to stop listing multifamily properties and to exclusively repost Zillow's listings.
Redfin will be required to re-enter the market with more home listings.
Restoring competition is expected to lower prices and benefit renters and property management companies.
Redfin stated the agreement allows them to continue their rental partnership with Zillow through at least 2030 while developing their own rentals business.
Zillow described the settlement as positive for renters, housing providers, and the rental market.

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