Zillow accused of using ‘kickbacks’ to boost mortgage business
“Zillow is accused of pressuring agents in its Premier Agent and Flex programs to steer buyers to Zillow Home Loans for pre-approval. Agents who sent more clients to Zillow’s mortgage arm were rewarded with extra or higher-quality leads, while those who didn’t could lose access to the lucrative Flex program, the filing claims.
Buyers, meanwhile, were allegedly steered toward Zillow Home Loans without realizing their agent’s business depended on it. The complaint states that “Zillow’s system harms consumers, who are robbed of the disinterested advice of their fiduciary real estate agent, and instead are unknowingly steered towards ZHL’s limited and often uncompetitive mortgage products.”
Who isn’t suing Zillow now? Seems like something they could easily settle, but what this has me thinking is the implications for the Redfin and Rocket deal? This RESPA shit is pretty tricky.



