A series of lawsuits have been filed against RealPage, a software company accused of enabling landlords to illegally fix the price of apartment rentals using nonpublic pricing data from competing building owners, as stated by AZ AG Mayes. This has drawn significant legal scrutiny. Additionally, there are separate legal challenges related to real estate commissions, where major home brokerages are accused of conspiring to keep commissions artificially high, involving $208 million in settlements. The U.S. Supreme Court has upheld a verdict in the Sitzer/Burnett case, impacting HomeServices, and a federal panel has recently rejected a bid to consolidate broker commission lawsuits, citing a wave of similar settlements.
Alleged Rent-Fixing of Apartments Nationwide Draws More Legal Scrutiny https://t.co/XGABSohJfb
No quick judgment for home sellers in commissions case https://t.co/vffh5oXEp9 #realestatenews #realestate
Real estate commission antitrust settlements face legal objections https://t.co/cuyhFFcQ8M https://t.co/G87QQAxDz1