Asked by Savannah Pulliam on May 12, 2024
Verified
Opendoor makes its money by charging home buyers a commission.
Opendoor
A technology company in the real estate sector that simplifies the process of buying and selling homes through digital platforms.
Commission
A fee paid to an agent or employee for transacting a piece of business or performing a service, especially a percentage of the money received from a total paid to the agent responsible for the business.
- Become aware of the development and ongoing trends in IT applications employed by business organizations.
Verified Answer
TG
tr?nh giangMay 18, 2024
Final Answer :
False
Explanation :
Opendoor primarily makes its money by buying homes from sellers at a certain price and then selling those homes at a higher price, profiting from the difference. They also charge sellers service fees, not typically charging home buyers a commission.
Learning Objectives
- Become aware of the development and ongoing trends in IT applications employed by business organizations.