DOJ Alleges RealPage Software Facilitated Rent Collusion Among Landlords
Friday, 23 August 2024, 10:50
Allegations Against RealPage Software
The U.S. Justice Department claims that RealPage software has been used to enable landlords to share critical lease information, which resulted in collusive practices that kept rents high for millions of renters.
Implications for Renters
- Increased Rent Burdens: Renters face ongoing challenges as collusion among landlords leads to higher rental costs.
- Regulatory Scrutiny: The situation raises significant regulatory concerns and may prompt new legislation aimed at protecting renters.
- Market Manipulation: The allegations suggest that the rental market may be manipulated in favor of landlords, undermining fair competition.
Next Steps for the DOJ
The Department of Justice will likely intensify investigations into RealPage and the broader rental market to address these allegations and hold accountable those facilitating unjust practices.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.