Lennar Corporation (Lennar) AFFILIATED BUSINESS ARRANGEMENT DISCLOSURE STATEMENT
This is to give you notice that Lennar has a business relationship with Opendoor Labs, Inc. (Opendoor). Specifically, Lennar indirectly owns a minority ownership interest of less than 5% in Opendoor. Because of this relationship, this referral may provide Lennar a financial or other benefit.
Set forth below is the estimated charge or range of charges for the settlement service listed. You are NOT required to use the listed company as a condition to the purchase, or sale, of a property.
THERE ARE FREQUENTLY OTHER SETTLEMENT SERVICE PROVIDERS AVAILABLE WITH SIMILAR SERVICES. YOU ARE FREE TO SHOP AROUND TO DETERMINE THAT YOU ARE RECEIVING THE BEST SERVICES AND THE BEST RATE FOR THESE SERVICES.
Provider and Settlement Service/Estimated Range of Charges
Opendoor offers programs to buy existing homes from homeowners.
Description of Settlement Service
Range of Charges*
Opendoor Service Charge (real estate transaction cost associated with purchase of home)
6% - 16% of home sales price
*The amount of the Opendoor Service Charge varies based on the individual property and current market conditions and does not include any upfront repair costs that may be required. There also will be other closing costs imposed by third parties related to the settlement of the sale. Contact Opendoor to obtain an offer that includes an estimate of all anticipated charges.
ACKNOWLEDGMENT By clicking below, I/we acknowledge that I/we have read this disclosure form and understand that Lennar is referring me/us to purchase the above-described settlement service and may receive a financial or other benefit as the result of this referral.
