Compass Inc., d/b/a Compass International Holdings (NYSE: COMP), announced it is dropping its lawsuit against Zillow Group (NASDAQ: Z, ZG) after the Seattle-based brokerage announce it will drop its ban on home sellers and their real estate representatives for publicly marketing a listing on the Compass family of websites or Redfin.com before marketing on Zillow.
“Our goal has always been to give homeowners more choice to decide when, where, and how to market their homes,” said Robert Reffkin, chairman and CEO of Compass International Holdings. “We are pleased to see that other brokerages are now recognizing the strong consumer demand for more options in how they sell their homes. Homeowners deserve more choices, not fewer choices.”
Zillow did not issue a public comment on the announcement by Compass.
