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.
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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.