Utah 1st state to ban long-term listing agreements enforced by lien

Legislation expected to go into effect April 1 addresses allegedly deceptive tactics employed by MV Realty and was based on a model bill drafted by American Land Title Association. Continue reading

MV Realty halts ‘homeowner benefit agreements’ amid 4 investigations

Following lawsuits in Pennsylvania, Massachusetts, Florida and Ohio, the brokerage is redrafting 40-year contracts that offer homeowners cash in exchange for exclusive rights to list their home. Continue reading

Ohio 4th state to sue MV Realty over allegedly ‘shameful business model’

Ohio is the latest state to file suit against MV Realty for deceptive practices following probes by regulators over its “homeowner benefit agreements” in Florida, Pennsylvania and Massachusetts. Continue reading

Pennsylvania and Massachusetts latest states to sue MV Realty

State attorneys general call brokerage ‘a scam’ and allege its business model and contract terms are ‘unconscionable’ and target elderly and financially vulnerable homeowners. Continue reading

Florida first state to sue MV Realty over 40-year homeowner contracts

Following the launch of an investigation by regulators in North Carolina last month, Florida’s attorney general’s office says MV Realty’s business practices “shock the conscience.” Continue reading

‘Homeowner benefit agreements’ in spotlight amid MV Realty probe

North Carolina regulators are investigating alleged predatory and deceptive practices by Florida-based MV Realty, which operates in 33 states and has more than 500 licensed agents. Continue reading