The Velvet Rope of Real Estate: Zillow's Lawsuit Exposes Industry Deception A lawsuit filed by Zillow against Midwest Real Estate Data LLC (MRED) and Compass has turned the Chicago real estate market on its head, leaving thousands of homebuyers puzzled and Zillow struggling to regain access to listings.
At its core, this is a tale of industry giants playing by their own rules, hiding homes from public view behind a veil of exclusivity.
Zillow's lawsuit alleges that MRED and Compass deliberately concealed properties in a "Private Listing Network" (PLN), limiting access to information that is rightfully available to all.