"To ensure they secure the greatest value for their needs, renters rely on robust and fierce competition between landlords. RealPage distorts that competition," said the lawsuit filed by the US government and eight state attorneys general.
"When the Sherman Act was passed, an anticompetitive scheme might have looked like robber barons shaking hands at a secret meeting. Today, it looks like landlords using mathematical algorithms to align their rents," said Attorney General Merrick Garland.
"RealPage's pricing algorithm violates antitrust laws... enable[s] landlords to sidestep vigorous competition to win renters' business," the lawsuit claimed.
"Using that sensitive data, RealPage provides daily, near real-time pricing 'recommendations' back to competing landlords… More than just 'recommendations'... RealPage monitors compliance by landlords to its recommendations."
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