The Justice Department alleges that RealPage’s rent recommendation algorithm is not just a suggestion, but influences landlords to end concessions, impacting renters negatively.
According to the lawsuit, RealPage’s control over rent-setting through its algorithm diminishes competition by replacing independent landlord decisions with collective actions in pricing strategies.
The DOJ claims RealPage holds an 80% market share in commercial revenue management software for multi-family dwellings, reinforcing its alleged monopoly and unfair practices.
The complaint states that RealPage gathers nonpublic pricing information from landlords and uses it to create a system that may deprive renters of competitive leasing options.
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