Complaint, California ex rel. Bonta v. MV Realty PBC, L.L.C. (Cal. Super. Ct. Dec. 13, 2023)

This is a December 13, 2023 complaint in a case filed by the California AG against MV Realty in California state trial court alleging UDAP and FTC Telemarketing Sales Rule violations, seeking an injunction, civil penalties, and otherr equitable relief.  ]MV Realty's home equity scheme involved recording a lien on a home that allegedly secures a future contract to act as the homeowner’s realtor. The homeowner receives a small up-front payment in consideration for signing the contract, and if they fail to use this company as their realtor for any sale or transfer in the next forty years, a termination fee is charged of roughly ten times the up-front payment.