Keller Williams partners with Offerpad on iBuyer venture

“The partnership will work like this. Offerpad can make an offer on a seller’s home through a Keller Williams Realty, Inc. agent if the seller requests one. If they accept the offer, Offerpad will pay the agent a 1 percent commission. If Offerpad declines to make an offer, Keller Offers will present its own offer.”

It is fairly interesting to see how little Redfin Opendoor Keller Williams Realty, Inc. and now Offerpad care about breaking antitrust law in the United States, despite keen and ongoing interest from the Federal Trade Commission and U.S. Department of Justice

Market allocation scheme is an agreements in which competitors divide markets among themselves. How much clearer does this get?

#ibuyer #homebuying #homeselling #proptech #realestate #antitrust #kickbacks #marketallocation #consumerallocation #FTCAct #ShermanAct #FTC #DOJ

Author: Litesand

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

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