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Real estate brokerage giant Compass faced a class-action lawsuit in New York City last week, accused of artificially inflating Manhattan rents through a private listing strategy.
Two New York City tenants have filed a lawsuit against Compass, alleging that its private listing marketing strategy has led to increased rental prices in Manhattan. Consumer advocates and industry experts warn that the competition between Zillow and Compass for control over home listings could ultimately result in costs borne by buyers and sellers.
Source：MarketWatch · Source Link
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