Regulators with the Federal Trade Commission on Monday accused the iBuyer of “cheating” and “tricking” consumers. Opendoor disagrees with the allegations but has agreed to settle the case.
Source: Inman News
FTC fines Opendoor $62M for allegedly ‘tricking’ consumers
Published in federal regulators, ftc, ibuyer, ibuying, Industry News, mike delprete, opendoor, Samuel Levine, Select, Technology and Zillow
More from ftcMore posts in ftc »
- Opendoor will refund homesellers $62M under FTC settlement
- James Dwiggins: NAR needs a top-down overhaul
- Antitrust regulators sign off on ICE’s deal to acquire Black Knight
- The commission suits are headed to trial. What happens after that?
- ICE’s Black Knight acquisition nears resolution of antitrust issues
More from ibuyerMore posts in ibuyer »
- Opendoor’s partnership with eXp officially goes live
- Offerpad narrows Q4 loss, expects to be back in black later this year
- Opendoor posts significant decline in revenue but narrows losses in Q4
- Flyhomes announces 3rd round of layoffs since 2022
- Opendoor founder Eric Wu leaving company to focus on startups
More from ibuyingMore posts in ibuying »
- Opendoor’s partnership with eXp officially goes live
- Opendoor posts significant decline in revenue but narrows losses in Q4
- Zillow reappoints venture capitalist Bill Gurley to board
- Opendoor founder Eric Wu leaving company to focus on startups
- Opendoor to double the number of homes it buys each month: CEO
More from Industry NewsMore posts in Industry News »
- Will lawsuits end 6% commissions? Probably not, 1 law professor says
- Leo Pareja tapped as eXp Realty’s new CEO, relieving Glenn Sanford
- Ohio multiple listing service MLS Now appoints new CEO
- Compass acquires 3,100-agent Gulf Coast giant Latter & Blum
- Aidium Mortgage CRM lands $19M in Series A led by PeakSpan Capital
More from mike delpreteMore posts in mike delprete »
- Possibility, probability and paradox after NAR’s settlement: DelPrete
- DelPrete: Profitability still matters when evaluating a business model
- DelPrete: Here’s what’s driving agent migration patterns now
- DelPrete: A new generation of brokerages is on the rise
- CoStar to spend a billion dollars on marketing in fight for portal crown
More from opendoorMore posts in opendoor »
More from Samuel LevineMore posts in Samuel Levine »
More from SelectMore posts in Select »
- Industry gets some clarity on mortgage commission rules
- Ex-HGTV star convicted of fraud sentenced to 4 years in prison
- Homebuyers rush to lock as mortgage rates hit new 2024 highs
- Bye bye bye: Leave your team — without losing your connections
- Floridians grapple with insurance changes as hurricane season nears
More from TechnologyMore posts in Technology »
- Reliance helps South Dakota’s oldest brokerage embrace the new
- Big Tech loses its appetite for office space, adding to landlord woes
- Agents feel the pain as BoomTown outage extends into another week
- BoomTown is dealing with a service outage. Now agents want answers
- HappyCo unveils joyful AI solution for multifamily property managers
More from ZillowMore posts in Zillow »
Be First to Comment