Compass’ Robert Reffkin and REBNY’s James Whelan. (Getty, Whelan ph: Anuja Shakya)
The Real Estate Board of New York represents the interests of the city’s many residential brokerages. Compass says it’s not one of them.
The brokerage alleges in a new lawsuit that REBNY has conspired with Douglas Elliman and the Corcoran Group to “thwart” its business in New York City. The complaint was filed in federal court for the Southern District of New York Friday afternoon. (Elliman and Corcoran are not defendants in the case, but are cited throughout.)
Compass said it was bringing the suit to “halt REBNY and its co-conspirators’ anticompetitive scheme, release from their market dominance, and reinvigorate the competitive process.”