Realty company offering cash after locking homeowners into 40-year commitment

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Realty company offering cash after locking homeowners into 40-year commitment
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In Washington, what MV Realty is doing is completely legal. The company has owners in more than 290 homes in the Puget Sound region.

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November 17, 2022 at 5:48 pm PST

But its tactics and contracts face scrutiny in this state and are under investigation in Georgia, Florida, and North Carolina. Bender says if Heath wants to choose his own agent, he has to pay MV Realty a 3% penalty, or $22,600. Also, if he terminates the contract early, there’s the possibility the company can determine that home’s value.

In response, MV Realty says the contract is not a lien but rather a memorandum that “serves as a public notice of the homeowners’ commitment to give MV the opportunity to represent them in the sale of their home.”

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KIRO7Seattle /  🏆 271. in JP
 

How is this legal? I bet those 290 homeowners have no idea what they signed

Lemme guess, Blackrock owns it?

I get called weekly. They'll never get my home.

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