The Federal Trade Commission is sending nearly $62 million in refunds to sellers deceived by advertising and marketing claims made by online real estate business Opendoor Labs, Inc. According to the FTC’s August 2022 complaint, Opendoor cheated home sellers by tricking them into thinking that they could make more money selling their home to Opendoor than on the open market using the traditional sales process while saving them money on costs. Details are here.
Federal Trade Commission, Unfair & Deceptive Acts & Practices (UDAP), including Discrimination
FTC sends $62 million in refunds to sellers deceived by online real estate listing service
