Realtor.com ReadyConnect (Opcity) Reviews (READ WARNING!)
WARNING: Unlawful Kickbacks, Broker-to-Broker Collusion, False Marketing, Wire Fraud, Price Fixing.
Realtor.com ReadyConnect (Opcity) is a broker-to-broker collusion scheme, where "partner agents" unlawfully agree to pay massive kickbacks to receive your information and engage in market allocation, consumer allocation, false advertising, unlawful kickbacks, wire fraud, and price-fixing practices in violation of, inter alia, 18 U.S.C. § 1346, 18 U.S.C. § 1343, 15 U.S.C. § 1, 15 U.S.C. § 45, 12 U.S.C. § 2607, 12 C.F.R. § 1024.14. As a consumer, you will always significantly overpay for Realtor commissions subject to hidden kickbacks and pay-to-play steering promoted in this scheme.
United States federal antitrust laws prohibit consumer allocation and blanket referral agreements between real estate companies.
Be smart; do not allow your information to be "sold as a lead" to a double-dealing Realtor in exchange for massive commission kickbacks paid from your future home sale, or your future home purchase.
Buying and Selling with Realtor.com ReadyConnect (Opcity)
Realtor.com ReadyConnect (Opcity) is a referral fee network designed to collect fees by matching consumers with local real estate agents willing to participate. Opcity operates as a licensed real estate brokerage in Texas under TREC License # 9005100, but it does not produce any services that are typically offered by real estate agents and does not represent consumers when buying or selling real estate in any State.
When consumers submit information to Realtor.com ReadyConnect (Opcity), this information is simply sold to real estate agents who are willing to pay for it with 30%-40% share of their commission.
Realtor.com ReadyConnect (Opcity) Pricing
Realtor.com ReadyConnect (Opcity) revenue comes from referral fees and sale of user data.
Listing Services
- This Service Does Not Represent Sellers
Buyer's Agent Services
- This Service Does Not Represent Buyers
Realtor.com ReadyConnect (Opcity) Editor's Review:
Opcity is a Texas licensed real estate broker that collects an undisclosed referral fee (estimated at 30%-40% of agent’s commission) from all real estate agents. This fee makes it hardly a free service for anyone since referral fees are inevitably passed down to consumers.
More importantly, Opcity is a real estate agent that “does not engage in actual real estate broker services.” Opcity systematically applies pay-to-play bias towards all matching results, meaning, only real estate agents that have agreed to pay a referral fee are matched with consumers.
Opcity audits all transactions and requires agents to update the status of each transaction on continued the basis because it needs to find out how much money real estate agents receive in commissions and when these fees will be due, inevitably collecting private details of consumer’s agreement for home purchase or sale.
Opcity further calls it a "dispatch process that matches agents to available leads based on lead's proximity, lead's price points." The main qualification for real estate agents who participate with Opcity is their willingness to pay a referral fee. With Opcity is a subsidiary brokerage for Realtor.com, what used to be an independent MLS Aggregator, now is a middle-man broker.
Realtor.com had acquired Opcity in 2018, making this scheme one of the most scaled and damaging Referral Fee Networks in the United States. Realtor.com Opcity scheme is the low point of a transparent real estate process. From Opcity's own description of the service, the nature of the process could not be clearer: "We send a lead alert via text or mobile push notification to the agent 1st in the queue. That agent has approximately 5 seconds to click-to-claim the lead alert before the 2nd agent receives a lead alert and can also click-to-claim the lead. 5 seconds later, another agent is alerted, and so on."
In this process Opcity "qualifies" and "dispatches" consumers, where consumers are no longer in the driver's seat, but instead, are traded as a commodity.
Opcity plays fees down, claiming there are "no upfront costs" and does not publically disclose the exact amount of referral fees it charges each agent, but it rigidly locks every participating real estate agent into a referral fee attached to the back-end of every contract. As a licensed real estate agent that doesn’t perform any real estate services or takes any responsibility for the transaction, it is not entirely clear how this process works under the Business and Professions Code and RESPA.
Clearly, real estate agents only sign-up with Opcity because the price of the referral fee can be easily incorporated into their client's agreement with excessive commissions.
Opcity receives the lowest score because this service is clearly biased and it claims to provide the complete opposite of what it actually does. Realtor.com Opcity must be well aware of this issue but continues to operate on pay-to-play methodology in order to collect fees that needlessly make home buying and selling more expensive. As a matter of this review, it is impossible to segregate Realtor.com from Opcity - consumers should avoid using either service in order to protect their information from being "sold as leads" to random agents while being subjected with heavy referral fees.
FAQ for Realtor.com ReadyConnect (Opcity)
What are the alternatives to Realtor.com ReadyConnect (Opcity)?
Realtor.com ReadyConnect (Opcity) directly competes with several broker-to-broker blanket referral fee schemes, including OJO Labs, Clever Real Estate, mellohome, Rocket Homes, Zillow Flex, Redfin Partner Program, Opendoor Brokerage, Sold.com, Xome, effectiveagents, LemonBrew, Nobul, topagentsranked, myagentfinder, UpNest, and others.
Genuine alternatives to Realtor.com Opcity are sellers' agents who offer listing savings and buyers' agents who offer legitimate refunds to consumers.
What are the pros and cons of Realtor.com ReadyConnect (Opcity)?
Pros: there are none with Realtor.com ReadyConnect (Opcity). Realtor.com ReadyConnect (Opcity)'s Client Rewards proposition is a bait to earn a referral fee from the home purchase. In the United States, price-fixing between licensed brokers is prohibited by the federal antitrust laws, either when buying or selling a home.
Cons: there are several main disadvantages to Realtor.com ReadyConnect (Opcity). First, consumers are hiring two brokers for the work of one. Second, Realtor.com ReadyConnect (Opcity) takes a hidden referral fee. Third, Realtor.com ReadyConnect (Opcity)'s partner agents willingly participate to price fix their rebates ($600 for lower price homes to $12,000 for homes worth 4 Million USD and up.)
Summary: Realtor.com ReadyConnect (Opcity) steers consumers toward their network of brokers and away from others. Realtor.com ReadyConnect (Opcity) cannot legally organize brokers into a network because blanket referral agreements, price fixing, consumer allocation, and market allocation between licensed real estate brokers in the United States are prohibited.
What is Realtor.com ReadyConnect (Opcity)?
Realtor.com ReadyConnect (Opcity) is a referral fee network designed to collect fees by matching consumers with local real estate agents willing to pay it. When consumers submit information to Realtor-Opcity, their information is shared in exchange for blanket referral fees with real estate agents in a process known as a blind match.
Is Realtor.com ReadyConnect (Opcity) legitimate?
No. Realtor.com ReadyConnect (Opcity) is a consumer allocation and a price-fixing scheme between licensed real estate brokers that increases broker commissions and limits consumer choices. Realtor-Opcity revenue comes from undisclosed referral fees. Blanket referral fees set by such networks range anywhere between 35%-40% of the entire broker's commission. Realtor-Opcity is a pay-to-play scheme that offers biased matches for financial gain.
The main qualification for real estate brokers who participate with Realtor-Opcity is their willingness to pay a referral fee. Using its website, Realtor-Opcity engages in a process known as price-fixing because it pre-sets rebate amounts for independent real estate professionals, called 'Client Rewards'. Price fixing and consumer allocation between licensed brokers are a felony prohibited by federal antitrust legislation.
Where does Realtor.com ReadyConnect (Opcity) operate?
Contact Realtor.com ReadyConnect (Opcity):
Austin, TX 78744 US
Realtor.com ReadyConnect (Opcity) User Reviews
I had to pause Opcity, due to merge of the brokerges were merging, and I was told that th enew brokerage was not particioating with Opcity. This was resolved several months ago and I decided to try Opcity again and re-activated my Opcity account. I am over 2 month in, and am receiving ONLY leases. If I deactivate the lease type properties, I do not receive any calls at all.
I hav ecalled Opcity numerous times, and followed suggestions they gave me. All the agents were super nice. The suggestions did not work unfortunately.
I am giving one star because if its a matter on=f algorythm to recognise my number and start calls on it, then I am supposed to be receiving at least a mix of Leases and Buys and sells. This is not happening.
The main reason of a 1 star is, when I called last time, th eagent on th eother end actually told me that "don't need to be with Opcity if I don't like it" (True, lol), and then he added that I "need to work harder". I think after this I am done with Opcity. Was thinking in investing in Realtor leads, but since Opcity is now Realtor.com, and after this experience, I changed my mind.
ZERO vetting of leads, I've gotten better quality calls from drunks & scammers who've found my number.
And don't even start on the excessive micromanaging of the leads or the excessive refferal fee (25% is standard but these people want 36% & up for trash)
It’sowned by realtor.com are used to buy ZIP Codes and I purchased in advance and I got wonderful wonderful leads this platform is miserable and it only if you close to their algorithm give you more leads.
Most of the leads are real crappy and out of 30 agents in our office one gets the most because the algorithm gives her more leads. You literally have to be staring at your phone 27/4 to capture a lead that may or may not be good and they take 38% of your commission they take a 38% referral fee I cannot use the words here that I would like to say but they are awful and greedy. P.O Box 34 Round Top TX
I had several incident where the agent lied to the buyer that they needed to use their lender.
Save your money and time.
As a new realtor, I have learned a lot. You have to close 3 leases before getting good leads (over $300k).
It took me about 6 months to close 3 leases!! It was the worse.
But once I did I started to get better and better leads.
I’m actually closing on a $700k lead right now.
Yes the referral fee is high, but I see it as, without Opcity I would’ve never got that lead.
I’ve met real clients. I’ve made great relationships. I’m grateful for the leads.
I hate the referral fee but that’s what I signed up for with Opcity.
As a new agent I take it as a learning experience and good practice.
This is my second year in Real Estate and I have closed 12 deals with Opcity with 5 pending. Of course they take their cut but that's business.
Its discouraging that Realtor.com has given all flow of referrals to this company.
They're great but I don't use them anymore I'm working with an agent now, he's like Opcity but only charges $500 when you get a close. Norman Szobotka check him out I think he's still active on LinkedIn.
Take a Depp breath and get ready for lousy customer service.
You've been warned!
They send me clients that are no where near me, nag me after I've indicated that I can't take a client.
Not happy with this service at all.
I signed up with Opcity and got 2 leads the first night..1 wanted to work with a builder/developer UGH so not prescreened at all.
The other one I managed to grab quick was low budget, and home was in short sale situation and pending offer.
After that 4 dings and I had my phone in hand, clicked the second I got the notification and lead was ALREADY CLAIMED.. how about not giving the same lead to a ton of agents within 2 seconds???
And if you do not click within 1 second, you start getting bad reviews from Opcity due to not claiming it fast enough.
RIDICULOUS!!!
The person that answered the phone gave me the run around, and sent me back to the listing, which is where I started, and got the referral to call OpCity.
She was VERY OFFPUTTING!!! I wouldn't sell my home through this agency if it was the LAST agency available!!!
They just wasted my time.
And if I could give them ZERO STARS, well, that wouldn't even be appropriate. How about -100?!!!
you can say nothing happened but that gets tedious and the leads are very sub-par.
you can hold them for a long period of time but why not make the update monthly?
I get they want to keep track of leads but whats to stop me from just taking the information and leaving opcity in the dust?
more importantly, when they boot you off they release the leads to other agents and start the process all over again giving a bad image to the consumer, and who knows how many agents your leads have talked to?
I would hate to be on the consumer side of this program constantly getting calls from the sales center just to get redirected to an agent then back again!!
I'll stick to my $5-10 leads instead of giving them 20%
Then they bought Opcity and you get what you pay for the leads are few and not good quality I’d rather pay for what I use to get I am still giving it more time to get better but so far the leads are not very good.
They do not hold the agents accountable to close with you they just say that.
We have called and can't get them on the phone we have been buying leads for 6 months and there have been several closed and none with us.
The agents always say sorry they wanted to use there own title company.
We all know that is a lie.
Beware
The majority of the people I talked to did not want to speak with an agent, several have hung up before being transferred.
It's obvious OpCity is playing the numbers and referring every person with a heartbeat as if they were a qualified buyer.
WHAT A JOKE!!
My favorite was the people wanting to spend $50,000 on a house (our average is almost $300,000) and they didn't have a loan, cash or jobs lined up when they moved here. That's not vetting at all.
What makes me the most mad, and there's nothing I can do about it, is that these are our leads. We do the write ups and take the good photos, we market the property and then places like this and Zillow charge an outrageous amount of money to sell our work to other agents. We pay to be in a database that then sells our art to other agents. It's ludicrous.
So disappointed.
The fees are very high and I understand the feeling of blackmailing the industry. Doing business in this manner diminishes the professionalism of the industry. However, it is the devil we know.
Every buyer I've been connected with so far has not been pre-qualified and their budgets are unreasonably low. Worse, if you're lucky enough to close a deal Opcity will take 35% of your commission, leaving you with very little after you've done a tremendous amount of work. This is a huge referral fee, way more than the standard for unqualified clients.
They also offer some buyers cash back after closing, which further takes away from your commission.
I believe there may be a lawsuit pending over some of this company's shady practices. Google it.
Beware!
Ayanna was excellent and very professional and connected me quickly with what I needed
She is very pleasant to talk to and makes you feel comfortable and works hard to gather what she needs to appropriately meet your needs She is an excellent employee
Do NOT waste your money, I'm trying to break my contract, not sure I can.
Everyone and their brother are publishing 'fake' real estate sites that confuse the public.
Almost all take our own information from multiple listing services that our dues built, and then try to sell it back to us.
Shame on them and, if an agent has to use it, shame on them for not being good enough to survive without supporting these types of companies.
Opcity has responded to some reviews, making it more clear tat they are just a MINING company selling leads that Realtor.com takes from our hard work.
Realtor.com shouldn't be allowed MLS access. Opcity as a real estate license just for this theme, and gets away with it by saying its a real estate agent to real estate agent referral.
This is a smoke screen. I could do the same by having a big site linked to the MLS as any real estate broker does or can, then when someone inquires 'sell' it to other real estate agents instead of working the lead myself.
As long as we keep paying for our own work to others who just advertise our own MLS data, we are just asking to be fleeced.
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