DOJ accuses real estate software company of helping landlords collude to raise rents

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DOJ accuses real estate software company of helping landlords collude to raise rents
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The lawsuit says RealPage’s algorithmic pricing software lets landlords effectively collude and set rents above market rate. The Texas-based company has denied the allegations.

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The Justice Department says RealPage’s algorithmic pricing software allows landlords nationwide to set rents above market rate and deprives renters of the benefits of competition. THe Texas-based company has denied the allegations.

The attorneys general of eight states — North Carolina, California, Colorado, Connecticut, Minnesota, Oregon, Tennessee, and Washington — have joined the Justice Department’s antitrust suit filed in federal court in North Carolina.

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