“There is nothing innovative about cheating consumers.” “Opendoor promised to revolutionize the real estate market but built its business using old-fashioned deception about how much consumers could earn from selling their homes on the platform,” said Samuel Levine, Director of the FTC’s Bureau of Consumer Protection. It has 2,058 students in grades 9-12 with a student-teacher ratio of 13 to 1. Under a proposed administrative order, Opendoor will have to pay $62 million and stop its deceptive tactics. Commack High School is a highly rated, public school located in COMMACK, NY. The FTC alleged that Opendoor pitched potential sellers using misleading and deceptive information, and in reality, most people who sold to Opendoor made thousands of dollars less than they would have made selling their homes using the traditional process. Original Statement - Commack, NY - SeptemDuring the last period of the day yesterday, Thursday, September 18, all Commack high school seniors were assembled on the bleachers of the. The Federal Trade Commission t took action against Opendoor Labs Inc., 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. Please be advised that in August of this year Today in the mail came a solicitation from a company called Open Door based in Tempe Arizona offering to buy one's home.
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