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FTC sues Redfin, Zillow

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The Federal Trade Commission has filed suit against real estate companies Redfin and Zillow.

The lawsuit alleges the companies conspired to squash competition in the rental listings market.

The suit takes issue with Redfin's $100 million agreement with Zillow that allows Zillow be the exclusive provider of multifamily rental listings on Redfin, according to Real Estate News.

Read more from Real Estate News.

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