Yep. Opendoor is now selling real estate the “traditional” way for 5% commission, which is what they are considering a “discounted fee”. Of course, slam all other Realtors saying they charge 6%, which we all know is not true in most areas. But to start offering traditional real estate listing agreements is an interesting move on their part. What does it mean? Not sure, they are claiming earnings of over $30 million in Q4 2020 so maybe this is just a money grab, or, perhaps they are fearing a bubble? What do you think?
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Source: https://thenationalrealestatepost.com/opendoor-offers-discounted-real-estate-services/