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MV Realty Statement in Response To Senators

MV Realty responds to a letter from Senators expressing a commitment to consumer protections. They welcome discussions to address concerns about their business practices and believe they comply with all applicable laws. Still, they are looking for ways to improve transparency and consumer friendliness. They have helped over 35,000 homeowners through agreements that provide funds that can be used flexibly, and insist these agreements are legal and customers are satisfied. Moving forward, they will continue serving clients with integrity and believe their practices fully comply with laws.

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2K views

MV Realty Statement in Response To Senators

MV Realty responds to a letter from Senators expressing a commitment to consumer protections. They welcome discussions to address concerns about their business practices and believe they comply with all applicable laws. Still, they are looking for ways to improve transparency and consumer friendliness. They have helped over 35,000 homeowners through agreements that provide funds that can be used flexibly, and insist these agreements are legal and customers are satisfied. Moving forward, they will continue serving clients with integrity and believe their practices fully comply with laws.

Uploaded by

WPXI Staff
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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MV Realty Statement in response to Senators’ letter to Federal Trade

Commission & Consumer Financial Protection Bureau:

“MV Realty shares the same commitment to consumer protections as Senator Sherrod Brown
(D-OH), Senator Ron Wyden (D-OR), and Senator Tina Smith (D-MN). We welcome the
opportunity to engage in discussions with policymakers and regulators to address concerns and
clear up misconceptions about our business practices.

“We believe MV Realty’s business practices comply with state and federal laws in every
community where we operate. Still, we continue looking for ways to improve transparency and
make our agreements ever more consumer friendly and are keen to work with legislators and
regulators to accomplish this. The confidence of consumers, regulators, and legislators that we
are operating in a transparent and consumer friendly manner is critical to the success of our
business, and we are committed to ensuring that such confidence is well placed.

“MV Realty has helped more than 35,000 clients nationwide through our Homeowner Benefit
Agreement (HBA). These agreements provide up to $5,000 for homeowners that can be used to
pay mortgages, utility bills or improve the homeowner's financial footing. The terms of this
agreement are clear and legal filings about their status serve only to note MV Realty’s position
as a homeowner’s future listing agent. There are no restrictions or additional rights associated
with these filings. Our customers have always been overwhelmingly satisfied. We provide the
same service as a traditional realtor except we pay homeowners for the privilege of being their
broker unlike traditional realtors.

“Moving forward, MV Realty continues to serve the needs of our clients with a
commitment to integrity and we are confident that our business practices are conducted
in full compliance with state and federal laws.”

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