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Or, it might imply that the size of their infraction was pretty small compared to the size of the business they were doing. It might also imply that the FTC wa
by rossdavidh 4y ago
Or, it might imply that the size of their infraction was pretty small compared to the size of the business they were doing. It might also imply that the FTC wasn't too certain they could prevail if it went to court, and OpenDoor was willing to settle for a relatively small fine but if the FTC tried to get a large fine they were worried the court might find the disparity between market and what OpenDoor was quoting was within the margin of uncertainty.
I mean, there were several companies providing quick online estimates of house value. I don't see how OpenDoor could have been all that far off the market value, without most people noticing.