Posted 3/22/2024, 8:01:00 PM
Citi: Zillow Outlook Still Strong Despite NAR Settlement Over MLS Listing Data
- Citi analyst maintains bullish view on Zillow stock despite NAR settlement
- Settlement prohibits agent compensation details on MLS listings but doesn't impact Zillow
- Some analysts concerned settlement could pressure buyer agent commissions and Zillow leads
- Real estate firm Compass also reaches $57.5M settlement related to commission practices
- Several other brokerages have settled similar commission fee suits in the past year