#respa

#respa

According to the report, agents, many of whom were former Zillow Flex agents, told The Capitol Forum that Zillow requires Flex agents to steer homebuyers to use Zillow Home Loans (ZHL) for their financing needs. Agents involved in Zillow Flex pay a percentage of their commission typically between 25% and 40% once the transaction closes. This enables teams and top agents to receive a stream of leads at no upfront cost.

Several other borrowers also filed suits in June and July, accusing the national lender of paying Raleigh Realty $15,000 per month in 2021 and 2022 in exchange for exclusive client referrals. All of the plaintiffs, including VonBlohn, are seeking unspecified damages under RESPA and North Carolina's Unfair and Deceptive Trade Practices Act, arguing they could have obtained lower mortgage rates and fees if not for the alleged steering.