
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