Justice dept. requires Realpage end sharing competitively sensitive information
3 hours ago
- #Rental Housing
- #RealPage
- #Antitrust
- Justice Department files proposed settlement against RealPage Inc. to address anticompetitive practices in rental housing markets.
- RealPage's software allegedly used nonpublic, competitively sensitive data from landlords to set rental prices and align pricing among competitors.
- Proposed settlement requires RealPage to cease using competitors' data for pricing, redesign features limiting price decreases, and stop collecting sensitive information.
- RealPage must also refrain from discussing pricing strategies in meetings and accept a court-appointed monitor for compliance.
- Public comments on the settlement can be submitted within 60 days of Federal Register publication.