Opendoor acts to placate agents, though concerns persist

  • In response to criticism, Opendoor has adjusted its home 'money-back' guarantee to cover a buyer's agent's commission.
  • Some agents continue to criticize the startup for allegedly using misleading advertising and significantly adjusting offers after they've been accepted.

Want to see the future of Real Estate tech?
Limited seating available for ICSF Hacker Connect, July 17

Imagine you represented a buyer in the purchase of a home from a startup — and that startup later came back to you and encouraged you to refund your commission because of a promise it made to your client. In Phoenix, the very thought of this upset some local agents.