The Department of Justice (DOJ) sued the property management software company RealPage on Friday, alleging that its pricing algorithm enables landlords to share sensitive pricing information and raise rental prices.
The lawsuit, which was joined by the attorneys general of North Carolina, California, Colorado, Connecticut, Minnesota, Oregon, Tennessee and Washington, accuses RealPage of violating antitrust law by limiting competition among landlords.
The DOJ alleges that RealPage contracts with competing landlords who share “nonpublic, competitively sensitive information” about rental rates, which is then used by its algorithmic pricing software to generate recommendations on pricing and other terms, according to a press release.
Posted by John3262005
2 Comments
it’s illegal for landlords to share how much they charge for rent?
what do they mean nonpublic pricing information?
[https://www.justice.gov/opa/pr/justice-department-sues-realpage-algorithmic-pricing-scheme-harms-millions-american-renters](https://www.justice.gov/opa/pr/justice-department-sues-realpage-algorithmic-pricing-scheme-harms-millions-american-renters)
More details on the suit.