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And immediate consequences will result for the violators I assume?
I just read the joint legal brief, and, I have to say up front that I am not remotely a lawyer… but the document specifies how and where to identify price fixing, and that motions to dismiss those charges are to be dismissed.
So it doesn't dictate the penalties for price fixing (I assume that's on a trial by trial basis—but again, not a lawyer), but it makes it impossible(?) to ignore, and suggests that (to me), users of 'RENTMaximizer' will be in the crosshairs… while not actually stating that.
Thanks, friend. My optimism has increased by 3-5%. It now sits at 3-5%. (Seriously, thanks though. That's some quality researching)
There will be an investigation into the algorithms you use to estimate optimism, to make sure you do not collude with Hopelords to inflate optimism quotients and rob hopees through conspiracy. Do not resist.
Does penalties in this case also mean compensation of the renters, whose wealth has been potentially robbed through illegal practices?
Mm… again not a lawyer, but I think that question goes beyond the scope of the document.
It basically gives the government permission to hold renters accountable for using software to artificially raise prices. What form that accountability takes is not addressed. Either that’s covered under existing collusion laws or is up to the courts.
So, it’s an essential ingredient to the cake that you’re describing… but unless prosecution (or whatever the term actually is) brings that up (I assume?), it won’t happen.
Only if you have the legal funds to take a landlord megacorp to court