Landlords’ go-to tool to set rent prices to be gutted under RealPage settlement
RealPage has agreed to settle a lawsuit with the Department of Justice over allegations that its software contributed to increased rental prices across the United States.
MAIN POINTS
- RealPage faced allegations from the DOJ regarding its software's impact on rent prices.
- The lawsuit claimed that RealPage's software facilitated rent increases nationwide.
- RealPage has reached a settlement agreement with the Department of Justice.
- The settlement addresses concerns over the software's influence on rental markets.
TAKEAWAYS
- RealPage's software was scrutinized for its role in rental price hikes.
- The DOJ's involvement highlights the significance of fair rental practices.
- Settling the lawsuit may impact RealPage's future software operations.
- The case underscores the importance of regulatory oversight in rental pricing software.