KEY TAKEAWAYS:

RealPage settlement bars use of real-time data for rent recommendations.

DOJ lawsuit alleged illegal “ algorithmic collusion ” inflating rents.

Landlords must now rely on data at least one year old.

Settlement avoids trial; RealPage pays no damages or admits wrongdoing.

Landlords could no longer rely on rent-pricing software to quietly track each other’s moves and push rents higher using confidential data, under a settlement between RealPage Inc. and federal prosecutors to end what critics said was illegal “algorithmic collusion.”

The deal announced Monday by the Department of Justice follows a yearlong federal antitrust lawsuit, launched during the Biden administration, against the Texas-based software company. RealPage would not have to pay any damages or

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