The algorithm allows landlords to align their prices and avoid competition that would keep rents down, Justice Department officials said.
WASHINGTON — The Justice Department filed an antitrust lawsuit Friday against real estate software company RealPage Inc., accusing it of an illegal scheme that allows landlords to coordinate to hike rental prices.What would Biden’s proposed 5% nationwide rent cap mean for the Bay Area?
The complaint quotes one RealPage executive as saying, “There is greater good in everybody succeeding versus essentially trying to compete against one another in a way that actually keeps the entire industry down.”
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Justice Department accuses RealPage of violating antitrust laws through scheme to hike rentsWASHINGTON (AP) — The Justice Department filed an antitrust lawsuit Friday against real estate software company RealPage Inc., accusing it of an illegal
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Justice Department accuses RealPage of violating antitrust laws through scheme to hike rentsThe Justice Department has filed an antitrust lawsuit against real estate software company RealPage, accusing it of an illegal scheme that allows landlords to coordinate to hike rental prices.
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Justice Department accuses RealPage of violating antitrust laws through scheme to hike rentsThe Justice Department has filed an antitrust lawsuit against real estate software company RealPage, accusing it of an illegal scheme that allows landlords to coordinate to hike rental prices.
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Justice Department accuses RealPage of violating antitrust laws through scheme to hike rentsThe Justice Department has filed an antitrust lawsuit against real estate software company RealPage, accusing it of an illegal scheme that allows landlords to coordinate to hike rental prices.
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