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Compass Accused of Rent Market Manipulation | Real Estate News
A major class action lawsuit has been filed in Manhattan accusing Compass of monopolizing New York City’s rental market by secretly pulling listings from public platforms like StreetEasy and Zillow, funneling them through a private agent-only system. Plaintiffs claim this artificial scarcity drove up rents during a housing crisis, forcing them to pay far above the median. The suit highlights how Compass allegedly controlled over 80% of Manhattan rentals, aligning with CEO Robert Reffkin’s public statements about “coming soon” listings. While Compass remains silent, regulators and lawmakers…
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