“RealPage is required to make a $200,000 contribution to […] offer down payment assistance or rent reduction to the state’s residents”

Attorney General Aaron Ford announced a “first-of-its-kind” settlement with a company accused of fixing rent prices and harming renters. The settlement includes $200,000 going towards rent relief programs and new oversight from the state. This builds on General Ford’s track record of fighting to lower housing costs by holding bad actors accountable. Ford has fought corporate landlords jacking up prices on renters and passed legislation that would have made price-fixing on essential goods such as rent illegal – Joe Lombardo vetoed that bill.

In contrast, Joe Lombardo vetoed numerous bipartisan bills that would have uplifted Nevada families and lowered the cost of housing across the state. Now, Clark County has one of the highest eviction rates in the country. In the past year alone there have been over 45,000 evictions in Clark County, up from 30,000 evictions in 2023 when there were an average of 70 eviction cases going through eviction court daily in the county.

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Reno Gazette Journal: Nevada settles with RealPage over alleged apartment rent price fixing

Mark Robison

Key points:

• A company that has been accused of price fixing over apartment rents has settled with the state of Nevada.

• Property management software firm RealPage announced late Friday that it has reached a settlement and consent judgement with Nevada Attorney General Aaron Ford’s office. RealPage’s AI-enabled software is used to manage revenue for several apartments nationwide, including rent prices.

• The lawsuit also caught the attention of the Nevada Attorney General’s office, which confirmed with the Reno Gazette Journal in 2024 that RealPage was on its “radar.”

• In exchange, RealPage agreed to several conditions, including how it uses non-public data. The requirements include:

• Publishing nonpublic data about rent, occupancy or availability to its customers in Nevada only if the data is aggregated to at least 10 properties and made anonymous.

• Using machine learning models trained with nonpublic data from properties in Nevada for its revenue management software only if that data is aged at least three months.

• In addition, RealPage is required to make a $200,000 contribution to nonprofit or governmental organizations in Nevada that offer down payment assistance or rent reduction to the state’s residents.

• RealPage will also be required to provide annual certifications of compliance to Nevada for five years and maintain an antitrust compliance program that provides training for revenue management staff.