MV Realty barred from CA over homeowner scam claims

A legal dispute headed for Los Angeles County court involving a Florida-based real estate firm has come to a close.  Last week, California Attorney General Rob Bonta announced a settlement with MV Realty, its CEO and its COO over a “predatory scheme” targeting “financially vulnerable homeowners,” the attorney general’s office said in a news release.  MV Realty was accused of “provid[ing] immediate cash payments” to homeowners “in exchange for the exclusive right to be their listing agent if they ever sold their homes in the next 40 years.” As part of those agreements, the company misled consumers about the terms […]

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