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US sues RealPage, claims rental-pricing algorithm used by landlords is illegal

AG: Landlords use RealPage algorithm "to align their rents."

The United States today sued RealPage, alleging that the software maker distorts competition in rental housing by helping landlords collectively set prices. RealPage "reviews and weighs in on landlords' other policies, including trying to—and often succeeding in—ending renter-friendly concessions (like a free month's rent or waived fees) to attract or retain renters," the lawsuit said. The White House issued a statement saying it has no comment on the lawsuit against RealPage, but that the Biden-Harris administration "continues to support fair and vigorous enforcement of the antitrust laws to prevent illegal collusion."

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