Overview
- RealPage would have to stop letting its software use competitors’ nonpublic data in real time and remove features that discouraged price cuts or aligned pricing among landlords.
- Training of rent‑setting models would be limited to nonpublic data that is at least 12 months old, with existing models to be retrained under the new standard.
- The deal forbids models that apply geographic effects below the state level and bans market surveys and meetings that share nonpublic pricing analyses.
- A court‑appointed monitor would oversee compliance, and the proposal faces a 60‑day Tunney Act comment period before the U.S. District Court for the Middle District of North Carolina decides whether to enter it.
- RealPage would admit no wrongdoing and pay no penalties, and it agreed to cooperate in DOJ cases against landlord users as state and private actions proceed separately.