{"id":321901,"date":"2025-11-27T17:48:10","date_gmt":"2025-11-27T17:48:10","guid":{"rendered":"https:\/\/peraltafinancing.com\/uncategorized\/realpage-agrees-to-proposed-justice-department-settlement-over-rent-price-fixing\/"},"modified":"2025-11-27T17:48:10","modified_gmt":"2025-11-27T17:48:10","slug":"realpage-agrees-to-proposed-justice-department-settlement-over-rent-price-fixing","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=321901","title":{"rendered":"RealPage Agrees to Proposed Justice Department Settlement Over Rent Price-Fixing"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n            <!-- image --><\/p>\n<div class=\"td-post-featured-image\"><img decoding=\"async\" fetchpriority=\"high\" width=\"418\" height=\"188\" class=\"entry-thumb\" src=\"https:\/\/d23ltuj4aaogm5.cloudfront.net\/wp-content\/uploads\/2025\/11\/11-25-25-The-Justice-Department-has-proposed-a-settlement-with-RealPage-over-rent-price-fixing-in-rental-housing-markets-across-the-country-1.png\" srcset=\"https:\/\/d23ltuj4aaogm5.cloudfront.net\/wp-content\/uploads\/2025\/11\/11-25-25-The-Justice-Department-has-proposed-a-settlement-with-RealPage-over-rent-price-fixing-in-rental-housing-markets-across-the-country-1.png 418w, https:\/\/d23ltuj4aaogm5.cloudfront.net\/wp-content\/uploads\/2025\/11\/11-25-25-The-Justice-Department-has-proposed-a-settlement-with-RealPage-over-rent-price-fixing-in-rental-housing-markets-across-the-country-1-300x135.webp 300w\" sizes=\"(max-width: 418px) 100vw, 418px\" alt=\"The Justice Department has proposed a settlement with RealPage over rent price-fixing in rental housing markets across the country\" title=\"11-25-25 The Justice Department has proposed a settlement with RealPage over rent price-fixing in rental housing markets across the country\"\/><\/div>\n<p>            <!-- content --><\/p>\n<p>The U.S. Department of Justice has <a href=\"https:\/\/www.justice.gov\/opa\/media\/1419406\/dl\">proposed a settlement<\/a> with software provider RealPage over rent price-fixing through algorithmic coordination, information sharing, and other anticompetitive practices in rental housing markets across the country, <a href=\"https:\/\/www.justice.gov\/opa\/pr\/justice-department-requires-realpage-end-sharing-competitively-sensitive-information-and\">according to a release.<\/a><\/p>\n<p>The Justice Department alleged in the suit that RealPage\u2019s revenue-management software has relied on nonpublic, competitively sensitive information shared by landlords to set rental prices.<\/p>\n<p>\u201cCompeting companies must make independent pricing decisions, and with the rise of algorithmic and artificial intelligence tools, we will remain at the forefront of vigorous antitrust enforcement,\u201d said Assistant Attorney General Abigail Slater of the Justice Department\u2019s Antitrust Division in the release.<\/p>\n<p>If approved by the U.S.\u00a0 District Court for the Middle District of North Carolina, the proposed consent judgment would require RealPage to:<\/p>\n<ul>\n<li>Cease having its software use competitors\u2019 nonpublic, competitively sensitive information to determine rental prices in runtime operation;<\/li>\n<li>Cease using active lease data for purposes of training the models underlying the software, limiting model training to historic or backward-looking nonpublic data that has been aged for at least 12 months;<\/li>\n<li>Not use models that determine geographic effects narrower than at a state level, which is broader than the markets alleged in the complaint;<\/li>\n<li>Remove or redesign features that limited price decreases or aligned pricing between competing users of the software;<\/li>\n<li>Cease conducting market surveys to collect competitively sensitive information;<\/li>\n<li>Refrain from discussing market analyses or trends based on nonpublic data, or pricing strategies, in RealPage meetings relating to revenue management software;<\/li>\n<li>Accept a court-appointed monitor to ensure compliance with the terms of the consent judgment; and<\/li>\n<li>Cooperate in the United States\u2019 lawsuits against property-management companies that have used its software.<\/li>\n<\/ul>\n<p>RealPage said in a release, \u201cThe settlement provides resolution and clarity for RealPage customers and the broader multifamily industry, ensuring the company\u2019s revenue-management solutions remain fully available, legally compliant, and aligned with evolving laws and policies. RealPage has worked collaboratively with the DOJ throughout this process, engaging constructively to reach an outcome that strengthens confidence across the industry.<\/p>\n<p>\u201cThis resolution marks an important milestone for RealPage, our customers, and the multifamily industry,\u201d said Dirk Wakeham, RealPage President and chief executive officer, in the release.<\/p>\n<p>\u201cThis resolution with the DOJ was necessary to provide certainty and finality for RealPage and its customers to avoid protracted litigation,\u201d said Stephen Weissman, Gibson Dunn Partner and former deputy director for the Federal Trade Commission, in the release.<\/p>\n<p>\u201cWhile we deny any wrongdoing, we appreciate the constructive engagement by DOJ and its willingness to bless the legality of RealPage\u2019s prior and planned product changes under federal antitrust law through the consent decree,\u201d Weissman said, and added, \u201cThere has been a great deal of misinformation about how RealPage\u2019s software works and the value it provides for both housing providers and renters. We believe that RealPage\u2019s historical use of aggregated and anonymized nonpublic data, which include rents that are typically lower than advertised rents, has led to lower rents, less vacancies, and more procompetitive effects.\u201d<\/p>\n<p>There is an upcoming 60-day public comment public period before the U.S. District Court for the Middle District of North Carolina may enter the final judgment upon finding it is in the public interest.<\/p>\n<p><strong>About\u00a0RealPage, Inc.:<\/strong><\/p>\n<p>RealPage is a provider of revenue management software and services headquartered in Richardson, Texas.<br \/><!-- Begin Mailchimp Signup Form --><\/p>\n<\/p><\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>The U.S. Department of Justice has proposed a settlement with software provider RealPage over rent price-fixing through algorithmic coordination, information sharing, and other anticompetitive practices in rental housing markets across the country, according to a release. The Justice Department alleged in the suit that RealPage\u2019s revenue-management software has relied on nonpublic, competitively sensitive information shared [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":321902,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[149248,149249],"tags":[15672,15936,12721,149251,17297,60109,149250,11151,23932],"dealstore":[],"offerexpiration":[],"class_list":["post-321901","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legal-department","category-realpage-rent-price-fixing","tag-agrees","tag-department","tag-justice","tag-pricefixing","tag-proposed","tag-realpage","tag-realpage-rent-price-fixing","tag-rent","tag-settlement"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>RealPage Agrees to Proposed Justice Department Settlement Over Rent Price-Fixing - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fivemor.com\/?p=321901\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RealPage Agrees to Proposed Justice Department Settlement Over Rent Price-Fixing - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\"The U.S. Department of Justice has proposed a settlement with software provider RealPage over rent price-fixing through algorithmic coordination, information sharing, and other anticompetitive practices in rental housing markets across the country, according to a release. 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