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Opendoor Technologies Inc. agreed to pay $62 million to the Federal Trade Commission to settle allegations that it misled potential home sellers in its marketing campaigns.
Opendoor reported $1.5 billion in revenue in the second quarter, or an annual run rate of $6 billion on about 4,000 homes sold. Let's assume Opendoor can double its revenue in a healthier housing ...
With a legacy of more than 100 years, the Better Business Bureau (BBB) is the go-to watchdog for evaluating businesses and charities. The nonprofit organization maintains a massive database of ...
BBB National Programs, an independent non-profit organization that oversees more than a dozen national industry self-regulation programs that provide third-party accountability and dispute resolution services to companies, including outside and in-house counsel, consumers, and others in arenas such as privacy, advertising, data collection, child-directed marketing, and more.
The Better Business Bureau (BBB) is an American private, 501(c)(6) nonprofit organization founded in 1912. BBB's self-described mission is to focus on advancing marketplace trust, [2] consisting of 92 independently incorporated local BBB organizations in the United States and Canada, coordinated under the International Association of Better Business Bureaus (IABBB) in Arlington, Virginia.
Opendoor Technologies Inc. is an online company that buys and sells residential real estate. Headquartered in San Francisco, it makes instant cash offers on homes through an online process, makes repairs on the properties it purchases and relists them for sale. [2] It also provides mobile application-based home buying services along with financing.
Well, that affected Opendoor's ability to buy homes, which is essentially its entire business model. Revenue for the company went from a peak of $15 billion to $4.5 billion over the past 12 months.
Open Listings was an online real estate brokerage, focused exclusively on representing buyers. One of the stated goals of the company was to make homeownership more affordable for everyone by refunding 50% of their commission to the buyer at close, saving buyers an average of $9,604 with their 50% commission refund.