Calling it a “kickback scheme,” HomeOpenly owner Dmitry Shkipin told the FHFA to ban referral fees charged by online brokerages — including Zillow — that don’t actually buy and sell property.
Source: Inman News
Referral fees from so-called ‘paper brokerages’ including Zillow inflate commissions by $15B: HomeOpenly
Published in antitrust, Brokerage, dmitry shkipin, drew uher, false advertising, Federal Housing Finance Agency, FHFA, homelight, homeopenly, real estate commissions, Select, trademark infringement and unfair practices
More from antitrustMore posts in antitrust »
More from BrokerageMore posts in Brokerage »
- NAR economist predicts post-shutdown real estate ‘boom’
- FICO scores, magic phrases, earnings digs: Inman Top 5
- Where else is Zillow not enforcing its private listing ban?
- All about the Benjamins: 5 things to know before throwing money at real estate problems
- Why independent brokerages matter more than ever amid real estate consolidation
More from dmitry shkipinMore posts in dmitry shkipin »
More from drew uherMore posts in drew uher »
More from false advertisingMore posts in false advertising »
- Court rules Zillow falsely labeled REX listings as case heads to trial
- ‘Writing is on the wall’: Court tosses NAR counterclaim against REX
- REX asks court to toss NAR countersuit on First Amendment grounds
- NAR countersues REX Real Estate, alleges harm from ‘campaign of lies’
- Agent drops ‘mutiny’ lawsuit against Compass, team member hits back
More from Federal Housing Finance AgencyMore posts in Federal Housing Finance Agency »
- Pulte refers a 4th Democrat, Rep. Eric Swalwell, for mortage fraud
- What is a 50-year mortgage? The pros and cons of Trump’s proposal
- Homebuilders’ rate buydowns are leaving buyers underwater: WSJ
- Mortgage giants ‘very close’ to accepting new FICO score
- Trump’s 50-year mortgage is ‘a big nothingburger’ for homebuyers
More from FHFAMore posts in FHFA »
- Pulte refers a 4th Democrat, Rep. Eric Swalwell, for mortage fraud
- What is a 50-year mortgage? The pros and cons of Trump’s proposal
- Homebuilders’ rate buydowns are leaving buyers underwater: WSJ
- Mortgage giants ‘very close’ to accepting new FICO score
- Trump’s 50-year mortgage is ‘a big nothingburger’ for homebuyers
More from homelightMore posts in homelight »
More from homeopenlyMore posts in homeopenly »
More from real estate commissionsMore posts in real estate commissions »
- It’s ‘difficult’ for buyers ‘to negotiate lower commission rates,’ watchdog says
- Zillow sued over allegedly ‘deceptive’ Flex agent tactics
- Real estate still adapting to new normal a year after new NAR rules
- Real estate CEOs sound off on CCP, M&A, being No. 1: The Download
- Low-fee brokers can offer quality, full service for less: Watchdog
More from SelectMore posts in Select »
- HUD shifts homeless policy away from providing permanent housing
- Pulte refers a 4th Democrat, Rep. Eric Swalwell, for mortage fraud
- RateMyAgent and Curated Social merge to form Renowned platform
- ‘He didn’t even say he was sorry’: Brooklyn investor gets prison time for 12-year deed fraud scheme
- NAR scores a victory in buyer commission lawsuit
More from trademark infringementMore posts in trademark infringement »
- KW sues InsideRE for trademark infringement over BoldTrail
- Arms race: Kris Lindahl sues broker over trademarked ‘open arms’ pose
- RE/MAX sues its own broker for allegedly recruiting 41 agents to eXp
- Don’t @ me: @properties sues @mortgage, alleges ‘free riding’ on brand
- EasyKnock and Knock file dueling lawsuits against each other
More from unfair practicesMore posts in unfair practices »
Be First to Comment