California Accuses Real Estate Company of ‘Deceptive’ 40-Year Exclusive Contracts

Published on December 26, 2023

Some Californians have fallen victim to alleged deceptive practices by a real estate brokerage that’s subject to investigations in several states, as unsuspecting victims were roped into confusing contracts and penalized hundreds of thousands of dollars to cancel, according to state officials. Attorney General Rob Bonta announced Dec. 14 he filed suit against the agency, MV Realty, alleging that nearly 1,500 Californians entered into “unlawful agreements,” with the company. “MV Realty is a financial predator. Through its one-sided agreements, the company lined its own pockets at the expense of vulnerable homeowners in California, holding their most valuable assets hostage. To this day, it refuses to release homeowners from those agreements,” he said in a statement. “MV Realty’s actions demand accountability. That’s why we have filed our lawsuit.”...

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