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Committee hears bill to ban automated landlord coordination for rent-setting; industry disputes characterization
Summary
Senate Bill 5,469 would ban automated or algorithmic coordination of rental pricing among landlords and authorize enforcement by the attorney general and private lawsuits. Supporters called the bill a response to alleged RealPage-facilitated price fixing; RealPage told the committee its product provides market research and does not set rents.
Senate Bill 5,469, introduced in the House Housing Committee on March 20, would prohibit the use of automated or algorithmic processes to coordinate rent-setting among two or more landlords and would authorize enforcement by the attorney general under the Consumer Protection Act and a private right of action.
Committee staff Serena Dolly summarized the bill, giving the bill's working definition of "coordination" as the collection of rental prices, price changes, supply levels, occupancy rates or lease termination/renewal dates from two or more landlords or public/private databases and the analysis of those data through automated processes to recommend rental prices or terms "to more than one…
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