3 ms·
> It would be different if the software made you promise (by contract, for example) to not go below a certain price. From the reporting of this over the past 2
by flutas 2y ago
> It would be different if the software made you promise (by contract, for example) to not go below a certain price.
From the reporting of this over the past 2 years, it became very clear they required them to accept the prices.
> Specifically, every morning, RealPage provides participating Lessors with recommended price levels. ... If Lessors wish to diverge from the “approved pricing” they must submit reasoning for doing so and await approval. ... But RealPage emphasizes the need for discipline among participating Lessors and urges them that for its coordinated algorithmic pricing to be the most successful in increasing rents, participating Lessors must adopt RealPage’s pricing at least 80% of the time.
https://cohost.org/morayati/post/925436-i-saw-real-page-s-cra https://cohost.org/morayati/post/925436-i-saw-real-page-s-cr...
- throwaway13337 2y agoThanks for pointing to that. My understanding is wrong, then. If they are pressuring landlords to hold to a price then it is for sure price fixing. This is obviously illegal.