Opendoor Fined $62 Million for Misleading Sellers

Yesterday the Federal Trade Commission fined Opendoor $62 million for “cheating sellers with misleading claims“.  This has been an major issue recently in the media – many iBuyers make a very high “offer price” and then significantly reduce the net to seller with fees, repairs, commissions, etc. and it is misleading.   The methods put honest …

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