DOJ Halts RealPage and LivCor's Secret Rental Price-Sharing Plot
Published Date: 1/21/2026
Notice
Summary
The U.S. government is stopping LivCor and RealPage from teaming up to share secret pricing info that hurts competition in the rental market. LivCor must stop using certain software, share less info with landlords, and follow new rules to keep things fair. People have 60 days to comment, and this change aims to protect renters and landlords from unfair price hikes.
Analyzed Economic Effects
4 provisions identified: 2 benefits, 2 costs, 0 mixed.
Action Aims To Protect Renters' Prices
The United States and several states sued to stop information sharing and pricing alignment that the complaint says led to higher rents; plaintiffs say the goal is to restore competitive pricing and protect renters and landlords from unfair price hikes. The complaint (filed January 7, 2025) alleges RealPage controls at least 80 percent of the commercial revenue-management software market and uses nonpublic lease and occupancy data to influence rents.
LivCor Barred From Using Pricing Software
The proposed Final Judgment filed December 23, 2025 bars LivCor from licensing or using any revenue-management software that relies on competitively sensitive data. That means LivCor must stop relying on software that collects nonpublic lease, occupancy, or transactional data to set or recommend rents.
Ban on Sharing Competitively Sensitive Data
The proposed Final Judgment prohibits LivCor from sharing competitively sensitive information with other landlords. The restriction covers nonpublic data such as executed lease rents, lease terms, and forward-looking occupancy that RealPage and others used to generate pricing recommendations.
Antitrust Compliance and Cooperation Required
Under the proposed Final Judgment, LivCor must establish an antitrust compliance policy and cooperate with the United States in the litigation. The requirement is part of the remedy filed with the court on December 23, 2025.
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