DOJ sues RealPage, alleging software contributed to meteoric rents

The Department of Justice has filed an antitrust lawsuit against Real Page, a real estate software company, accusing it of using an algorithm to coordinate rent price increases among landlords. The lawsuit claims Real Page controls 80% of the market and has contributed to rising rent prices by sharing sensitive data among landlords. While some argue the lawsuit is justified, others believe it unfairly targets Real Page. The case highlights broader concerns about market competition and the role of algorithms in pricing strategies.

What is the main accusation against Real Page in the DOJ lawsuit?

• Monopolizing the real estate market

• Coordinating with landlords to raise rent prices

• Evicting tenants without notice

• Providing inaccurate rental data

How did Real Page allegedly influence rent prices according to the DOJ?

• By using an algorithm to align landlords on pricing

• By offering discounts to tenants

• By reducing the number of available properties

• By increasing the supply of rental units

What percentage of the market does Real Page reportedly control?

• 70%

• 80%

• 60%

• 50%

What is Michael Jafer's stance on the lawsuit against Real Page?

• He supports the DOJ's efforts to lower prices

• He is neutral and has no opinion

• He thinks it unfairly targets a single company

• He believes it is justified and necessary

What is Real Page's response to the lawsuit?

• They agree with the DOJ's claims

• They believe the lawsuit is without merit

• They plan to shut down operations

• They will increase their market share