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10 Investigates report found that a South Florida real estate brokerage, MV Realty, has been collecting thousands of dollars from homeowners through 40-year listing contracts. The contracts were part of the company's homeowner benefit program, which was signed by over 9,000 Floridians.
The agreements, which were often buried in fine print, obligated homeowners to pay a significant upfront fee and annual renewal costs for decades to come. Many homeowners reported feeling pressured into signing the contracts without fully understanding their terms.
MV Realty's business model relies on these long-term contracts, which can generate substantial revenue for the company over time. However, critics argue that the contracts are unfair and take advantage of vulnerable homeowners who may not be aware of the full implications of their agreements.
