Real estate fees settlement created ‘a new competitive ballgame,' expert says. Here's what buyers, sellers need to know [CNBC]
Opendoor Technologies Inc (OPEN)
Company Research
Source: CNBC
Some agents are talking to home sellers about the benefits of offering commissions for buyer's agents. Homebuyers may need to take the time to understand the agreement forms with potential agents. New rules on buying and selling homes are in play, now that a settlement from a class-action lawsuit has taken effect. In March , the National Association of Realtors agreed to a $418 million settlement in an antitrust lawsuit where a federal jury found the organization and several large real-estate brokerages had conspired to artificially inflate agent commissions on the sale and purchase of real estate. In a statement at the time of the verdict, the NAR denied wrongdoing. The settlement took effect on August 17. Prior to the settlement, the NAR's multiple listing service, or MLS, used at a local level across areas in the U.S., facilitated the compensation rates for both a buyer's and seller's agents. At the time of listing a property, the home seller negotiated with the listin
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News
- Opendoor to Report Third Quarter 2024 Financial Results on November 7th, 2024GlobeNewswire
- Time Being Money, Turnkey Residences Surge In Popularity [Forbes]Forbes
- Corporate adoption is turbocharging the AI market, says top tech analyst [Fortune]Fortune
- Opendoor appoints Selim Freiha as CFO, Shrisha Radhakrishna as chief technology & product officer [Seeking Alpha]Seeking Alpha
- Opendoor Appoints Selim Freiha as Chief Financial Officer and Shrisha Radhakrishna as Chief Technology & Product OfficerGlobeNewswire
OPEN
Earnings
- 8/1/24 - Beat
OPEN
Sec Filings
- 10/16/24 - Form 4
- 10/16/24 - Form 4
- 10/16/24 - Form 4
- OPEN's page on the SEC website