Prevents real estate lessors from using service providers to coordinate rent fixing in the rental housing market.
The bill, Preventing Algorithmic Rent Fixing in the Rental Housing Market Act, prohibits real estate lessors from using service providers to coordinate rent fixing. It bans agreements to not compete on rental prices and voids predispute arbitration agreements or joint-action waivers. Violations are considered unfair competition and violations of consumer protection laws. Successful plaintiffs can recover costs, fees, and damages.
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