News for hackers. Stuff that matters.

A comment on Opendoor is cutting 35% of its employees. Parent comment

Re:Opendoor is cutting 35% of its employees by Guest42 on Thursday April 16, 2020 @10:25AM (#22889668)
Agreed, I like their website a lot but don’t like them trying to sell houses
[ Parent | on HN ]
Re:Opendoor is cutting 35% of its employees by ashtonkem on Thursday April 16, 2020 @10:55AM (#22889982)
Seems like a pretty serious conflict of interest, being both broker and seller. I’d think twice about counting on them for price discovery now.
[ Parent | on HN ]
Re:Opendoor is cutting 35% of its employees by throwing838383 on Thursday April 16, 2020 @01:09PM (#22891424)
not only that but in highly competitive markets like the bay area, they may even hold out for buyers that use one of their own agents (and try not to sell to others). That way, they can make 3% commission on both the buying and selling side. It's a huge conflict of interest to their own client which technically isn't legal ~ they're supposed to consider all offers.
[ Parent | on HN ]