A buyer clicks “contact agent” expecting help with a house. Two senators want regulators to examine who receives that inquiry, who gets paid and whether the buyer understands the arrangement. Senators Elizabeth Warren and Cory Booker sent Federal Trade Commission Chair Andrew Ferguson an October 15 letter requesting scrutiny of online homebuying practices. Their concerns cover agent referral arrangements, steering toward affiliated mortgage lenders and restricted access through private listings. The request is confirmed by Booker’s office. It is not…
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Who Gets Paid When You Click “Contact Agent”? Senators Want the FTC to Investigate.
A buyer clicks “contact agent” expecting help with a house. Two senators want regulators to examine who receives that inquiry, who gets paid and whether the buyer understands the arrangement.
