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Zillow fires back against Compass claims

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Zillow fires back against Compass claims

Zillow is not buying Compass’s claims that its listing standards policy has or ever will cause “irreparable harm” to the nation’s top brokerage by sales volume.

On Monday, the listing portal giant filed two letters in response to Compass’s motion for a preliminary injunction and its motion for expedited discovery. 

The responses come just a week after the Robert Reffkin-helmed brokerage filed its suit against Zillow, claiming that the portal has colluded with Redfin and eXp Realty on its listing standards policy. Compass claims Zillow enacted the policy to maintain an alleged monopoly over home searches. 

Real Estate Search Urgency?

Zillow claims that because Compass waited nearly three months to file the suit and is proposing a three-month schedule for resolving the dispute, no emergency exists.

Additionally, Zillow argues that by waiting this long, Compass cannot claim that it faces “irreparable harm.” Zillow’s policy went into full effect on Monday and will remain in effect unless the court grants Compass’s preliminary injunction.

“Compass’s claimed irreparable injury and need for urgent relief ring hollow when Compass waited nearly three months to bring suit and is willing to wait three more months before any hearing on its motion,” the letter states. 

According to Zillow, the injuries that Compass allege “are either compensable through damages (if Compass prevails) or are too speculative to support a preliminary injunction.” The letter also argues that Compass fails to articulate why discovery is needed to avoid “irreparable harm” or decide its motion for preliminary injunction. 

“Nowhere does the Discovery Motion articulate why any evidence is necessary to decide the PI Motion or avoid irreparable harm,” the letter states. “This is not a situation, for example, where evidence may be lost.”

In addition to these claims, Zillow also argues that “Compass has failed to “plausibly allege antitrust standing, a proper relevant market, or market power, among other deficiencies.”

Peace be with you

 

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