Property management company will pay millions over use of rent-setting software:
LivCor is the latest real estate company to settle over its use of rent-setting ...
oregonlive.com/business/2026/06/property-management-company-will-pay-millions-over-use-of-rent-setting-software.html
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software program or group of programs designed for end-users
operation, control, and oversight of real estate and physical property
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Key FactsFederal Lawsuit Targets Major Landlords for Price Fixing
Jan 9, 2025 · Reading time: ~30 sec.
Summary created with AI assistance · Source: propublica.org
Summary created with AI assistance · Source: propublica.org
- The Department of Justice has filed a lawsuit against six of the largest U.S. landlords for allegedly using a pricing algorithm to unlawfully raise rents nationwide.
- This lawsuit builds on an antitrust complaint against RealPage, accused of facilitating illegal price-fixing among landlords to limit competition.
- The landlords involved manage over 1.3 million apartments across 43 states and the District of Columbia, with one already settling with prosecutors.
- The suit seeks to halt practices prioritizing profits over housing affordability, as legislation and tenant lawsuits against similar rental algorithms gain traction.
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