The FTC is fining tech real estate company Opendoor for cheating potential home sellers by tricking them into thinking that they could make more money selling their home to Opendoor
than on the open market using the traditional sales process.
According to the FTC, clients who sold to Opendoor frequently lost money instead of making more than they would have on the open market.
According to the Commission, the company would give potential consumers charts outlining the cost savings of using their service as opposed to the usual market.
The FTC said those charts did not reflect the true final costs.
Opendoor has agreed to pay $62 million back to customers.
