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FTC FINES OPENDOOR $62,000,000 FOR CHEATING SELLERS

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The FTC fines OPENDOOR for CHEATING SELLERS. Thousands and thousands of Sellers have been misled by Opendoor which has resulted in a 62 MILLION DOLLAR FINE and requires Opendoor to change their practices and procedures. Although Buyers have often heard the phrase “caveat emptor” (let the buyer beware) and are encouraged to facilitate all aspects of research prior to purchasing a home, rarely does one hear the phrase “caveat venditor” (let the seller beware). Opendoor has again proven the value of acknowledging the old adage-“If it sounds to good to be true it probably is.” Rather than reaching out to a ‘National Big Box company’ looking for a quick sale which may result in the LOSS of thousands of dollars, Sellers in Ohio should consult with us at Ohio Broker Direct to learn how they may SAVE thousands of dollars through our broad menu of ala carte services designed to meet the individual needs of our clients. Click here for the FTC press release detailing the OPENDOOR claims and fine

Ohio Broker Direct & its Brokers or Associates assumes no responsibility or liability for any errors or omissions in this blog, we advise all participants in buying or selling real estate to enlist the services of a Real Estate Attorney.

About the Author

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Joan Elflein

Joan Elflein is the Principal Broker and founder of Ohio Broker Direct. Joan has been a dynamic presence in the real estate industry since 1983, overseeing transactions totaling over a billion dollars. In the early 2000s, she founded Ohio Broker Direct, a flat fee brokerage firm that champions ethical practices and client empowerment. With a philosophy centered around providing personalized, cost-effective services, Joan and her team have saved Ohio sellers millions in commissions by offering innovative For Sale By Owner services alongside tailored Flat Fee MLS listings. Her firm's commitment to transparency and support has earned an A+ rating from the Better Business Bureau and made a significant impact on Ohio real estate through both booming and challenging market conditions. With four decades of real estate experience, Joan continues to offer professional service and personal care, ensuring that every interaction with Ohio Broker Direct meets the highest standards of excellence and integrity.

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