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Story summary
- The Federal Trade Commission (FTC) sues Zillow and Redfin for antitrust violations and seeks to unwind February agreement.
- The suit alleges Zillow paid Redfin $100 million to eliminate competition in multifamily rental listings.
- The February deal made Zillow the exclusive rental-listings provider on Redfin's platforms.
- FTC Director Daniel Guarnera says the deal harms renters and property managers; divestitures may follow.
