Under the settlement, RealPage—whose software landlords use to set rents—agreed to limit how it collects and uses non-public data to set prices to maximize revenue, among other conditions. The company hasn’t admitted wrongdoing and will not be fined. (The Logic)

Talking point: The settlement follows a similar case in Canada, where the Competition Bureau determined landlords using software like RealPage’s didn’t violate the Competition Act. The bureau warned landlords, however, about using “algorithmic pricing tools” to pool private data. Several landlords have faced recent legal action for using RealPage’s software. Last month, a group of property managers in the U.S., including Brookfield, agreed to pay more than US$141 million to settle a class action. Renters in Canada, meanwhile, are seeking damages for price fixing in this country through a class action lawsuit against YieldStar, a RealPage company. A court has yet to certify the class action.

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