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DOJ Complaint Reveals Startling New Details about RealPage’s Alleged Collusion on Rental Prices
(www.commondreams.org)
While pricing recommendations by RealPage were not binding, any rejection of a recommendation was escalated to an employee within RealPage. Afterwards, a “pricing advisor” would reach out to property managers and landlords to push them to take the recommendation.
Maurice Stucke, a law professor at the University of Tennessee, estimates that 30 to 60 percent of multifamily-building units are priced using RealPage in more than 40 housing markets across the country.
So, that's what's been going on with rent. Now someone do groceries.