Zillow, a leading real estate and rental marketplace, and ShowingTime, a popular showing management platform, have filed lawsuits against ARMLS (Arizona Regional Multiple Listing Service) and Metro MLS. The legal actions come after both listing platforms terminated the integration of ShowingTime’s software, which allows agents to schedule property showings, into their systems.

Zillow and ShowingTime argue that the sudden termination of integration by ARMLS and Metro MLS has negatively impacted real estate agents and customers who heavily rely on this service for scheduling property viewings. The lawsuits claim that this action violates antitrust laws, as the defendants allegedly engaged in anti-competitive behavior by restricting access to ShowingTime’s widely-used scheduling tool.

Key points from the text:

– Zillow and ShowingTime filed lawsuits against ARMLS and Metro MLS.
– The lawsuits follow the termination of ShowingTime integration in the listing platforms.
– ShowingTime’s software facilitates property showing scheduling for agents and customers.
– Zillow and ShowingTime argue that the termination negatively affected users.
– The legal actions claim that ARMLS and Metro MLS engaged in anti-competitive behavior violating antitrust laws.

You can read this full article at: https://www.housingwire.com/articles/zillow-showingtime-sue-2-multiple-listing-services/(subscription required)

Note Servicing Center provides professional, fully compliant loan servicing for private mortgage investors so they can avoid the aggravation of servicing their own loans and just relax and get paid. Contact us today for more information.

Share This Story, Choose Your Platform!

Disclaimer

The information provided in this article is for general educational and informational purposes only and does not constitute legal, financial, investment, tax, or professional advice. Note Servicing Center, Inc. is a licensed loan servicer and does not provide legal counsel, investment recommendations, or financial planning services. Reading this content does not create an attorney-client, fiduciary, or advisory relationship of any kind.

Nothing in this article constitutes an offer to sell, a solicitation of an offer to buy, or a recommendation regarding any security, promissory note, mortgage note, fractional interest, or other investment product. Any references to notes, yields, returns, or investment structures are illustrative and educational only. Past performance is not indicative of future results, and all investments involve risk, including the potential loss of principal.

Note investing, real estate transactions, and lending activities are subject to federal, state, and local laws that vary by jurisdiction and change over time. Before making any decision based on the information in this article, you should consult with a qualified attorney, licensed financial advisor, certified public accountant, or other appropriate professional who can evaluate your specific circumstances.

While we make reasonable efforts to ensure the accuracy of the information presented, Note Servicing Center, Inc. makes no warranties or representations regarding the completeness, accuracy, or current applicability of any content. We disclaim all liability for actions taken or not taken in reliance on this article.