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Home economics: $62 million FTC settlement addresses Opendoor’s alleged misrepresentations to homeowners

By Lesley Fair

As the old adage goes, the three rules of real estate are “location, location, location.” But according to the FTC, online real estate company Opendoor Labs pitched its services to home sellers with “misrepresentation, misrepresentation, misrepresentation.” A proposed settlement imposes a $62 million financial judgment and requires the company to change its business practic

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