North Carolina H970 prohibits real estate lessors and service providers from using nonpublic competitor data to set rental prices.

North Carolina H970 aims to prevent algorithmic rent fixing in the rental housing market by prohibiting real estate lessors and their service providers from using nonpublic competitor data to set rental prices. The bill defines "nonpublic competitor data" as information not widely available to the public, such as specific pricing or commercial terms. It also bans service providers from facilitating agreements among lessors to not compete on rental prices. Violations are considered unfair or deceptive trade practices, and aggrieved parties can seek relief.

North Carolina H970 prohibits real estate lessors and service providers from using nonpublic competitor data to set rental prices.

North Carolina H970 aims to prevent algorithmic rent fixing in the rental housing market by prohibiting real estate lessors and their service providers from using nonpublic competitor data to set rental prices. The bill defines "nonpublic competitor data" as information not widely available to the public, such as specific pricing or commercial terms. It also bans service providers from facilitating agreements among lessors to not compete on rental prices. Violations are considered unfair or deceptive trade practices, and aggrieved parties can seek relief.