Apr 3, 08:37 PM

FTC Sends $62M to 54,689 Misled Opendoor Customers in California

The Federal Trade Commission (FTC) has initiated a refund process, distributing nearly $62 million to 54,689 former Opendoor customers, primarily California sellers, who were misled by the online real estate company's marketing strategies. These strategies falsely promised more profitable sales and reduced expenses. The action follows a settlement involving Opendoor Labs, a prominent player in the real estate industry, accused of deceiving sellers. Each affected homeowner is set to receive a median refund of $1,024.

#Federal Trade Commission #FTC #Opendoor #California #Opendoor Labs

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