CA-AG v. MV Realty

MV Realty, its CEO, and its COO allegedly operated a predatory scheme that provided immediate cash payments to financially vulnerable homeowners in exchange for the exclusive right to be their listing agent if they ever sold their homes in the next 40 years. The company appears to have misled consumers about the terms of these homeowner agreements and deceptively recorded liens on their homes, which could prevent homeowners and their successors from transferring their home unless they paid MV Realty tens of thousands of dollars in "early termination fees."

Summary generated from official California Attorney General press release