RealPage and the DOJ: Addressing Allegations of Rent Algorithm Misconduct
RealPage and DOJ Collaboration on Rent Algorithm
RealPage is actively engaging with the Department of Justice in response to allegations involving its rent algorithm. The company has rejected claims that it was involved in an unlawful initiative to reduce competition among landlords in the apartment pricing sector.
The Allegations Explained
According to reports, the lawsuit suggests that RealPage's practices diminish competition. In reaction, the company’s legal representatives have firmly denied any wrongdoing.
Implications for the Real Estate Sector
- Increased Scrutiny: The ongoing discussions may raise alarms within the real estate industry.
- Future Practices: RealPage’s approach might influence other software companies in the sector.
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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.