Opendoor and Redfin Partner to Provide More Options to Home Sellers

Now this. “Redfin will receive a referral fee for each customer who decides to sell to Opendoor.” I suppose these two, Glenn Kelman and Eric Wu have forgotten that only brokers can exchange referral fees, subject to RESPA.

Opendoor is a private real estate investor that is now paying a broker to recommend their low-ball offers to consumers. #snafu #realestate #baitandswitch #referralfees #paytoplay #antitrust #marketallocation #pricefixing

Author: Litesand

Antitrust, real estate, e-commerce, fintech, proptech, bigtech

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