Zillow says consumer agency is threatening legal action over its ads

Source: Kenneth Harney, Washingtonn Post (Paid Registration)

According to Zillow, the Consumer Financial Protection Bureau has concluded a two-year investigation into the company’s “co-marketing” arrangements that allow mortgage lenders to pay for portions of realty agents’ monthly advertising costs on Zillow websites.

The sticky legal question here is whether the lenders or loan officers are paying for referrals of business — banned by RESPA — or whether they are simply jointly advertising their wares and paying fair market value for the exposure.

Read Full Article: Zillow says consumer agency is threatening legal action over its ads

 
 

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