FTC Investigating Opendoor for Its Advertising Practices

In accordance to Opendoor docs, the FTC despatched a civil investigative demand from customers associated to “statements pertaining to Opendoor’s delivers reflecting or currently being primarily based on industry rates.”

NEW YORK – New corporate filings discovered that Opendoor, an iBuying giant, is currently being investigated by the Federal Trade Fee (FTC) about its advertising procedures and how it provides authentic estate choices to shoppers.

The investigation was contained in Opendoor’s S-4 assertion, which discovered that it would be likely general public by means of a merger with Social Funds Hedosophia Holdings Corp. II. That federal filing also discovered a 2019 civil investigative demand from customers.

The filing states: “In August 2019, the FTC despatched a civil investigative demand from customers to Opendoor in search of paperwork and data relating generally to statements in the company’s advertising and internet site evaluating Opendoor’s delivers to purchase homes to offering in a

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