CFPB Investigation of Zillow

In Zillow’s August 8 earnings call, they announced that the CFPB had concluded their two-year investigation and intends to pursue further action if discussions don’t result in a settlement. At issue are co-marketing agreements between LOs and RE Agents to split Zillow ad costs. CFPB has not commented on the matter and we will continue to monitor the matter and provide updates on future developments.