Compass drops lawsuit against Zillow

Real estate brokerage Compass has dropped its lawsuit against Zillow.

Compass sued Zillow last year over a rule that requires any home marketed to the public to appear on Zillow within one day of its listing. Otherwise, it's not allowed on the platform.

Compass has encouraged real estate agents to use “coming soon” listings as part of a three-phase marketing strategy. Zillow has argued that these listings reduce transparency for buyers.

A New York federal judge last month refused to block Zillow’s rules at Compass' request.

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