Opendoor discloses that it's under federal investigation Opendoor Brokerage is a broker-to-broker collusion scheme, where "partner agents" unlawfully agree to pay massive kickbacks to receive your information and engage in market allocation, consumer allocation, false advertising, unlawful kickbacks, wire fraud, and price-fixing practices in violation of, inter alia, 18 U.S.C. Back to all FAQs Our mission is to empower everyone with the freedom to move. Opendoor Brokerage currently operates in select areas across United States. Required fields are marked *. 2006-2023 HW Media, LLC. The Agent Access program was created to provide ways for you to earn additional compensation when working with Opendoor, whether helping sellers or buyers with their next real estate transactions. Our mission is to empower everyone with the freedom to move. Opendoor Brokerage, LLC - HAR.com According to the company, Opendoor must not be obligated to pay any buyer's agent commissions for this promotion to apply. The company, armed with $4.3 billion in debt and equity funding, is looking to bring aboard real estate agents in Phoenix, Arizona, to support its Home Reserve iBuying platform, according to Inman, which spotted a jobs posting Friday morning. The homeowner then accepts or rejects the offer. Two examples of Opendoor reviews there include: "We had surprises when signing paperwork (for which we were given a deadline to sign and couldn't get legal clarification in time). Let's Break it Down, Why is My House Not Selling? They do not know the rules of real estate and in the end, you may not have even sold/bought your house. [18] On December 21, 2020, the merger was finalized and the company began trading on the NASDAQ stock exchange under its new name, Opendoor. Broker's Open House: An event designed to showcase one's home for sale to other real estate agents. This is separate from our Agent Partner Program. Provided by Opendoor Brokerage. Your email address will not be published. Moreover, because most homes in the United States are financed, homeowners own only partial net equity in their home. Whether youre buying directly from us or with an agent, you can view hundreds of listings on our, . they are a huge rip off just a scam for those that are desperate to buy or sell. Companies can never ask HomeOpenly to remove legitimate consumer reviews. Headquartered in San Francisco, it makes instant cash offers on homes through an online process, makes repairs on the properties it purchases and relists them for sale. Weeks later they come through, do an inspection, only to offer much much less on the home, she explains. Opendoor Brokerage further operates as a referral fee broker network that matches consumers with listing agents whenever the company's cash offer is unavailable or is declined. There are zero updates, minimal to NO APPLIANCES, dirty carpets, and no safety shelters!!! , you can now trade-in your current home and buy any home on the market with our app. Your local agent pairs their deep knowledge of your area with our exclusive data to help you make the best offer. Buying a home while selling your current home can be a nightmare. Remember, Opendoor claims to offer consumers to buy homes directly as a revolutionary approach to home selling, instead, it systematically sells inquiries that it is unable to meet to random Opendoor Agent Partners for a fee. Agents. You also get access rewards for every qualified closed seller and buyer transaction. 4726 Abbotts Creek Church Rd, Kernersville, NC 27284 | Opendoor What is Opendoor? What is an Opendoor Agent? Powered by Get a great rate now. Opendoor will generate a preliminary offer for your home. Get started trading in your home or email tradein@opendoor.com. Request a free, no obligation offer from us anytime. Blanket Referral Agreements in Real Estate, Market Allocation in Residential Real Estate, Redfin and Opendoor Possible Consumer Allocation. Opendoor is one of the largest homebuyers in the US. [20] In November 2022 Opendoor cut 18% of its workforce, or 550 jobs. Designed in California. What does Estimated seller concessions mean? Have more questions? After Opendoor buys the home, it renovates and resells it for a profit to other buyers or companies that rent homes to qualified tenants. In some markets, Opendoor is offering at or above market value and charging fees as low as 3% total. 973 Brockton St, El Cajon, CA 92020 | Opendoor Its a question weve started to ask our Marketing Leaders each year as the changing landscape requires top leaders to be agile in their strategies. Once the net proceeds have been updated with repair deductions, you accept or decline the offer. The home seller is intentionally given no time to reactIf I could do it again, I would try a different service or just use a Realtor. Opendoor reserves the right to change or end the Agent Access program or any promotion at any time. Opendoor runs into regulatory trouble in North Carolina We may modify or discontinue rewards at any time. Buyers may ask you to cover their costs to close the deal. Repairs Sometimes that means going on the open market. A spokesperson for Opendoor told HousingWire that the company is looking to staff its Home Reserve platform with independent contract agents, not salaried agents. Learn how we help you sell and buy in one easy move. Under such a model, traditional agents hired by Opendoor will be listing and selling the home. For this reason, HomeOpenly maintains two separate reviews for these entities. What is Opendoor? Does Opendoor negotiate closing costs? Opendoor Technologies stock . Finally, every Opendoor home comes with a 90-day Opendoor Guarantee because life happens. Instead of dealing with the repairs yourself, you can deduct the costs from your net proceeds and let us handle the work. The iBuyer launched its services in North Carolina in 2018. To qualify, you need to meet the following conditions: You must have an active license in good standing. And thats a mistake. You make less but it was stress-free. They are a faster and often more convenientservice because the buying and closing process is sped up. (typical appreciation of 5.5% to 12.5%) between what it buys houses for and what it sells them for in addition to service fees. [2] In 2018, Opendoor raised $400m in funding from the SoftBank Group Vision Fund. We consider these factors in your offer when you sell to Opendoor. No. If you decide to sell your home to Opendoor, the process is fairly straightforward. [16][17], On December 17, 2020, shareholders of Social Capital Hedosophia Holdings Corp II approved the merger. Yes, you can earn a 1% commission from Opendoor Brokerage for representing a seller to Opendoor. In select markets, you can now trade-in your current home and buy any home on the market with our app. "Moving as simple as the click of a button" "Changing the way Americans buy and sell" 4.44 /5 "Fair offer price within minutes" "Take the hassle out of selling" Sell your home. Earn 1% on eligible representation or referral transactions, on top of any seller paid commission. When you list with us, your agent will help you negotiate these costs with the buyer. Pay just 5% to list with a local real estate expert. They hide very expensive repairs and then act stupid when its brought to their attention. Stay in the know with real estate, architecture, technology, and industry disrupters. Does Opendoor negotiate with buying agents? Opendoor launches a brokerage? - HousingWire From one side, Opendoor offers consumers an incentive in an exchange for "not being obligated to pay any buyer's agent commissions," but from another, requires buyers to "represent that they have had an ample opportunity to obtain legal and other professional counsel." Properties marked with the Triad MLS, Inc. icon are provided courtesy of the Triad MLS, Inc.s, Internet Data Exchange Database. Opendoor's agent play comes as iBuyers integrate elements of traditional brokerages, and traditional brokerages begin to incorporate components of iBuying, all in the quest to have a hand in . Opendoor Reviews | HomeOpenly Will I be able to continue to work with buyers and sellers not referred by Opendoor? You also get access rewards for every qualified closed seller and buyer transaction. Two examples of Opendoor reviews there include: "It was easy and a better experience than the agent I worked with initially. This fee is paid directly by the Opendoor Agent Partner to Opendoor Brokerage for failing to deliver a seamless consumer selling experience. Buying Agents You typically prepare for a broker's open as you would for an open house. Opendoor Agents are independent Agents who run and grow their own business while also getting access to Opendoor Brokerage's exclusive referrals and products. These two propositions contradict each other. In effect, Opendoor offers a buyer an incentive to forgo independent representation in exchange for a 1% discount. With 3 dogs and a cat, cleaning out for showings would have been almost impossible.. (And Should I Sell My House to One)", https://en.wikipedia.org/w/index.php?title=Opendoor&oldid=1159976467, Real estate companies established in 2014, Pages with non-numeric formatnum arguments, All articles with bare URLs for citations, Articles with bare URLs for citations from August 2022, Official website different in Wikidata and Wikipedia, Creative Commons Attribution-ShareAlike License 4.0. Business data for Opendoor Technologies Inc.: This page was last edited on 13 June 2023, at 18:54. 45, 12 U.S.C. When you trade in with us, well line up your purchase and sale for a seamless experience. The Federal Trade Commission has accused Opendoor of deceptive business practices that led homeowners to offer up their homes for less than they would pay on the open market - and in August 2022, Opendoor settled the case for $62 million. Inman, a leading publication for real estate professionals, has recognized Opendoor as the most innovative company in real estate. But then again . What are the benefits of hanging my license with Opendoor Brokerage? Repairs [8], In early 2020, Opendoor expanded services to more cities in partnership with Redfin. Information is deemed reliable but not guaranteed. When a homeseller requests an offer for their home, Opendoor compares the property to recently sold homes and uses user-submitted data to make an offer. This model is susceptible to a number of risk factors, high operational costs and a continued need for higher-than-average Return on Investment (ROI) with each flip. A listing agent, in this case, has to choose between having to properly represent a consumer to sell thier home in the open market subject to a competitively negotiated commission, or getting a quick pre-fixed "incentive cash" for handing them off to Opendoor. Today, the company offers 1% incentive of the entire home sale to the listing agent, tomorrow, the company decides to set this incentive at 2%, 3%, 4%, 5% or some other pre-fixed amount, as it likes. What is Opendoor? We review the sale prices of homes like yours. Get access to rewards and exclusive perks to grow your business. "Opendoor Technologies, Inc. 2022 Annual Report", "With $10M and a long list of big-name investors, Opendoor is almost open for business", "Opendoor Announces Third Quarter 2021 Financial Results", "This millennial used scholarship money to buy property in collegenow his real estate company is worth $3.8 billion", "Opendoor just raised $400 million in funding from SoftBank's Vision Fund", "Opendoor raises $300M on a $3.8B valuation for its home marketplace", "Opendoor is now a mortgage lender, launches Opendoor Home Loans", "Opendoor buys title company OS National in bid to own more of residential real estate market", "Opendoor and Redfin expand homebuying partnership to nine new cities", "SoftBank-backed Opendoor has announced a massive layoff, cutting 35% of its employees", "Opendoor, Zillow begin pausing homebuying, citing coronavirus concerns", "Opendoor returns to homebuying with contact-free selling", "Opendoor resumes iBuying in all pre-pandemic markets", https://www.sec.gov/Archives/edgar/data/1801169/000110465920054449/tm2017926d1_ex99-1.htm, https://www.sec.gov/Archives/edgar/data/1801169/000110465920105058/tm2030504d1_ex99-1.htm, "Home Buyer Opendoor Is Going Public In $4.8 Billion Merger", "Palihapitiya finds next '10x idea' with $4.8 billion SPAC deal for real estate start-up Opendoor", https://www.sec.gov/Archives/edgar/data/1801169/000110465920136760/tm2038661d1_8k.htm, "Opendoor's Market Debut Caps Roller Coaster Year in Housing", https://www.reuters.com/business/online-us-real-estate-firm-opendoor-cuts-22-workforce-2023-04-18/, "San Francisco-based real estate darling Opendoor lays off 22% of its workforce", "Closing the door on home buying company Opendoor's false claims", "Opendoor to pay $62 million to settle FTC claims it misled home sellers", https://therealdeal.com/national/2023/04/18/opendoor-cuts-22-of-staff/, https://techcrunch.com/2022/11/02/opendoor-lays-off-about-550-employees-or-18-of-its-workforce/?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAJT9lzet2ImDVfwfW5s7sW-2wr48tvfFqhWNnqD7bzYo2dfdo9SX0FXH5TiO8FyTsxq6eX3ml9-r4oL8UIgxNuBvF5zt3L-UOwIA4fNLQyrNL1Wc8p7ImgpcJmeT_F5KPzsVw_MFY_5Ku1xVRJFI01aWKL_zRcvvYAdplWKyT5Ie, https://therealdeal.com/national/2023/02/24/opendoor-loses-400m-as-home-sales-tank/, https://www.denverpost.com/2023/06/02/opendoor-and-zillow-partners-in-colorado-real-estate-housing/, "Home-flipping giant Opendoor says it's time to resume buying", "What Is an iBuyer? Cons: there are several main disadvantages to Opendoor Brokerage. OpenDoor Reviews - Is it Legit? Read Customer Reviews - Reviewopedia 1343, 15 U.S.C. Some real estate agents are now offering Concierge services that include painting, landscaping, and other services that help consumers place their home on the open market without upfront costs and high loss to home equity. Your review has been successfully received. Opendoor Brokerage requires Opendoor Partner Agents to offer 1% of the purchase price to buyers at closing in the form of a commission rebate. As a consumer, you will always significantly overpay for Realtor commissions subject to hidden kickbacks and pay-to-play steering promoted in this scheme.United States federal antitrust laws prohibit consumer allocation and blanket referral agreements between real estate companies.Be smart; do not allow your information to be "sold as a lead" to a double-dealing Realtor in exchange for massive commission kickbacks paid from your future home sale, or your future home purchase. For a limited time, earn 3% commission on eligible seller transactions to celebrate our expanded Agent Access program. About Opendoor - Our Mission, Services & Team Opendoor Brokerage directly competes with several broker-to-broker blanket referral fee schemes, including Redfin Partner Program, Rocket Homes, Realtor.com Opcity, HomeLight, effectiveagents, Zillow Flex, loanDepot mellohome, topagentsranked, myagentfinder, UpNest, and others. Thats not allweve introduced new ways to serve clients, build your business, and earn up to $50k per year in bonuses, plus commission. 1. Opendoor Brokerage is a referral fee network designed to collect fees by matching consumers with local real estate agents willing to pay it. No real estate investor (iBuyer) should be able to offer any financial incentive to a third-party representative to persuade consumers to accept their low offers. Please reach out to your brokerage for additional information. By setting buyer's rebates for other brokers across many regions in the United States, Opendoor Brokerage operates with a sole purpose to collect referral fees, where such service effectively results in lower quality of service, pay-to-play bias, and a "blind match" with agents willing to participate. As a consumer, you will always significantly overpay for Realtor commissions subject to hidden kickbacks and pay-to-play steering promoted in this scheme.United States federal antitrust laws prohibit consumer allocation and blanket referral agreements between real estate companies.Be smart; do not allow your information to be "sold as a lead" to a double-dealing Realtor in exchange for massive commission kickbacks paid from your future home sale, or your future home purchase. Why Opendoor Technologies Stock Crushed the Market Today Founded in 2009, OpenDoor is a boutique independent brokerage firm specializing in luxury real estate in the Seattle area. You need to represent the seller in the transaction with Opendoor. Opendoor won't buy every house -- qualifying properties include single-family homes built after 1960 with a value between $125,000 and $500,000. Since its currently a sellers market, some homes receive multiple offers and sellers are in a position to ask for exactly what they want (whether thats buyers guaranteeing that they can pay cash even if the appraisal comes in low, or asking for a seller rentback). Is Opendoor Legit? What Home Sellers Need to Know, How Much Money Do You Need for a $300k House? Officially known as Opendoor Technologies Inc., the company offers a suite of services that allows customers to quickly buy, sell or "trade in" their homes, including: Selling. Will I be listing homes that Opendoor owns? We enable our customers to receive a competitive offer on their home and move on their own timeline without listing on the market; no showings and months of uncertainty about when and where youll move to next. Weve expanded to over, in real estate. Designed in California. Talk with one of our partner agents. ", Company further states: "Buyer represents that she has had ample opportunity to obtain legal and other professional counsel of its choosing and that it is relying solely on its own independent judgment and that of its own professional consultants, if any, in entering into the purchase contract and purchasing the property.". They can help your home gain exposure and sell faster. To verify enrollment eligibility for a specific property, contact the school or the local school board. By setting buyer's rebates for other brokers across many regions in the United States, Opendoor Brokerage operates with a sole purpose to collect referral fees, where such service effectively results in lower quality of service, pay-to-play bias, and a "blind match" with agents willing to participate. Opendoor Brokerage receives a referral fee, around 1% of the home price, likely 30%-40% of Partner Agent's entire commission when referring consumers to list or buy a home with an Opendoor Partner Agent. By following this process, the company is known as an "iBuyer in the real estate industry. The core challenge is that most Americans cannot qualify for two mortgages, forcing homeowners to sell before they can buy. Opendoor has generally positive customer reviews, with an overall rating of 4.3 across 3,322 reviews. Where available, Opendoor offers cash to sellers for homogeneous homes built after 1960 with a value between $125,000 and $500,000. In 2019, the company reported that the average time a property is held by the company is 90 days. 2607, 12 C.F.R. Hardwood floors in some ro.css-198gpxz{box-sizing:border-box;border:none;border-radius:var(--radii-none);cursor:pointer;display:inline;-webkit-box-pack:center;-ms-flex-pack:center;-webkit-justify-content:center;justify-content:center;-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;font-family:Graphik,system-ui,sans-serif;font-size:inherit;font-weight:inherit;width:auto;padding:var(--space-0);-webkit-transition:all 0.3s ease;transition:all 0.3s ease;position:relative;text-align:left;min-height:unset;background-color:var(--colors-transparent);-webkit-text-decoration:underline;text-decoration:underline;color:var(--colors-neutrals100);height:auto;margin-left:var(--space-0);}.css-198gpxz[disabled],.css-198gpxz[aria-disabled=true],.css-198gpxz[data-disabled]{cursor:not-allowed;color:var(--colors-neutrals70);}.css-198gpxz[disabled]:hover,.css-198gpxz[aria-disabled=true]:hover,.css-198gpxz[data-disabled]:hover,.css-198gpxz[disabled][data-hover],.css-198gpxz[aria-disabled=true][data-hover],.css-198gpxz[data-disabled][data-hover]{color:var(--colors-neutrals70);}.css-198gpxz[disabled]:active,.css-198gpxz[aria-disabled=true]:active,.css-198gpxz[data-disabled]:active,.css-198gpxz[disabled][data-active],.css-198gpxz[aria-disabled=true][data-active],.css-198gpxz[data-disabled][data-active]{color:var(--colors-neutrals70);}.css-198gpxz:hover,.css-198gpxz[data-hover]{color:var(--colors-neutrals90);}.css-198gpxz:active,.css-198gpxz[data-active]{color:var(--colors-neutrals70);}Read more, School data provided by.css-8bwvtp{background-color:none;-webkit-text-decoration:none;text-decoration:none;font-size:inherit;font-weight:inherit;cursor:pointer;color:var(--colors-brand50);}.css-8bwvtp[disabled],.css-8bwvtp[aria-disabled=true],.css-8bwvtp[data-disabled]{color:var(--colors-neutrals70);}.css-8bwvtp[disabled]:hover,.css-8bwvtp[aria-disabled=true]:hover,.css-8bwvtp[data-disabled]:hover,.css-8bwvtp[disabled][data-hover],.css-8bwvtp[aria-disabled=true][data-hover],.css-8bwvtp[data-disabled][data-hover]{color:var(--colors-neutrals70);}.css-8bwvtp[disabled]:active,.css-8bwvtp[aria-disabled=true]:active,.css-8bwvtp[data-disabled]:active,.css-8bwvtp[disabled][data-active],.css-8bwvtp[aria-disabled=true][data-active],.css-8bwvtp[data-disabled][data-active]{color:var(--colors-neutrals70);}.css-8bwvtp:hover,.css-8bwvtp[data-hover]{color:var(--colors-brand40);}.css-8bwvtp:active,.css-8bwvtp[data-active]{color:var(--colors-brand30);}Niche. Were often credited with launching the iBuyer movement in real estate. 2017-2023 HomeOpenly.com All rights reserved. [6], In August 2019, Opendoor launched mortgage services through Opendoor Home Loans, an in-house mortgage business. Opendoor Brokerage is a referral fee network designed to collect fees by matching consumers with local real estate agents (Opendoor Partner Agents) willing to pay it. Opendoor can change this incentive amount at any time. Opendoor is clearly in the discount broker category. sellers' agents who offer listing savings, buyers' agents who offer legitimate refunds, price-fix their rebates (set at a 30% rebate), Opendoor cannot legally organize competing brokers into a referral network, blanket referral agreements, price-fixing, consumer allocation, and market allocation. Using its website, Opendoor Brokerage engages in a process known as price-fixing because sets rebate amounts for independent real estate professionals, Opendoor Partner Agents. Agents that hang their license with Opendoor Brokerage are eligible for a consistent, steady stream of highly motivated seller & buyer clients. All other terms of the Agent Access program apply. In its pitch to Phoenix-area agents on the job listing, Opendoor touts a steady feed of deals to help them bank commissions. Youll then be paid for your home within a few days of closing. Referral fees set by such networks range anywhere between 30%-40% of the entire agents commission. In the filing, Opendoor said that it is "on the path to . Opendoor, when it acts as a real estate investor, further offers 1% of the purchase price back at closing to work with an Opendoor Home Advisor to buy an Opendoor home. Opendoor is a multi-state VC-backed real estate investor that operates across highly specific locations. Its a simpler, less stressful process. Lower it later for free. Opendoors Agent Access program and all advertising and marketing associated is provided by Opendoor Labs Inc.All payments are paid through the Opendoor Brokerages. The amount is subject to a minimum buyers agent commission to Opendoor Partner Agents of $3,000, which means it is calculated as the lesser of either 1% of the price of the property consumer buys, or Opendoor Partner Agents commission minus $3,000. There is little incentive for Opendoor Brokerage to connect consumers with the best and most competitive listing agents. Second, Opendoor takes a hidden referral fee from Opendoor Partner Agent. Opendoor Brokerage is a consumer allocation and a price-fixing scheme between licensed real estate brokers that increases broker commissions and limits consumer choices. 1343, 15 U.S.C. Today, the same house would sell for $325,000 - a 48% increase in price. Not according to Tyler Hixson, Head of Growth and Strategy at Opendoor Brokerage. In select markets, you can now purchase any home on the market through Buy with Opendoor. Agents working on behalf of, or providing agency for, an institutional Real Estate Investment Trust (REIT) are excluded. Opendoor buys houses and owns them, acting as a middleman (as opposed to a matchmaker) in residential real estate transactions. Instead, Opendoor Brokerage aims to receive the highest referral fee possible by steering consumers toward a very limited set of agents who have a signed Referral Fee Agreement with Opendoor Brokerage. Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to email a link to a friend (Opens in new window), Click to share on SMS (Opens in new window). Opendoor Brokerage is a broker-to-broker collusion scheme, where "partner agents" unlawfully agree to pay massive kickbacks to receive your information and engage in market allocation, consumer allocation, false advertising, unlawful kickbacks, wire fraud, and price-fixing practices in violation of, inter alia, 18 U.S.C. What are the pros and cons of Opendoor Brokerage? Weve built a new way to buy, sell, or trade in a home that dramatically simplifies the process and makes the biggest financial transaction most people make in their lives more certain and less stressful. [3], The company was founded in March 2014 by serial entrepreneurs Keith Rabois, Eric Wu, who previously founded Movity, a real-estate startup acquired by Trulia,[4] and JD Ross, now a general partner at Atomic. As any real estate investor, Opendoor is susceptible to losing money in any given transaction. Opendoor launched in 2014 with the goal of simplifying the real estate experience. Dubbed as an iBuyer, Opendoor makes an offer on a house within days or hours, but this offer is highly conditional. Opendoor's Agent Access program gives agents more ways to get rewarded. FHA, VA), or the law. First, consumers are hiring two brokers for the work of one. Having to require such terms limits consumer's ability to use an independent buyer's agent in a transaction. Reviews for Opendoor Brokerage, a referral network that matches consumers with real estate agents. Opendoor buys houses for cash and resells them on the open market. We want to make buying a home as exciting as it feels. Get access to rewards and exclusive perks to grow your business. Get a Realtor (they are insured and follow the law), do it right, protect yourself. [5] In 2019, it raised $300m in a funding round led by General Atlantic. Should You Sell with Opendoor? Read This First. - Houwzer company also makes money with home appreciation difference Learn more. Opendoor is an iBuyer, a company that uses technology to make cash offers on houses. Opendoor Brokerage, LLC provides a wide range of real estate services. Opendoor Agents are independent Agents who run and grow their own business while also getting access to Opendoor Brokerage's exclusive referrals and products. However, it pays less than market value for homes, and the latest data suggests its offer amounts are declining. 1346, 18 U.S.C. Opendoor has officially filed its announcement to go public after announcing its merger with Social . Principal OR Broker, Blackwell & Co. Realty Group, Eligible compensation for every seller transaction: Earn 1% on eligible representation or referral transactions, on top of any seller paid commission, Refer a seller to be eligible for 1% referral fee if there wasnt a previous Opendoor referral or offer request, Represent your client to earn 1% on every closed deal, except on MLS listed homes and agent owned homes, Loyalty points that can earn compensation: Earn points for each seller and buyer closed transaction to unlock exciting rewards, Points are accrued on a 12 month basis (April 1 to March 31), Points are credited when escrow is closed, Refer a seller who hasnt requested or received an offer from Opendoor in the last 180 days, Represent your client in their sale to Opendoor, except on MLS listed homes and agent owned homes, You need to represent a client or refer a seller in their home sale to Opendoor, You need to represent a buyer in purchase of an Opendoor home, You must include your email address and MLS ID, You must have an active license in good standing, The transaction must close - payments will be made at closing.
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