Question 1

Do I keep my client and the listing?

Accepted Answer

Yes. You stay the agent on the deal and communication runs through you. On Cash Now, More Later you also keep the listing: you relist the renovated home and earn your full listing commission when it sells.

Question 2

How and when do I get paid?

Accepted Answer

Every deal pays you two things: your normal commission, whatever you and your client agreed on, plus a bonus from Opendoor, paid through escrow at closing. On Cash the commission and bonus arrive together at closing. On Cash Now, More Later the bonus lands at the first close and your full listing commission at the second. The bonus starts at 1% of purchase price on your first deal of the year and grows with each deal, up to 2% on your fifth. It resets every January.

Question 3

What eligibility requirements exist for the bonus payment?

Accepted Answer

Eligible transactions must meet all of the following requirements:

- You represent your seller client (the bonus is on top of any seller commission)
- Only Opendoor acquisition deals are eligible, not when Opendoor resells a home to one of your clients
- Your email address and MLS ID are included
- You have an active license in good standing
- The transaction closes; payments are made at closing
- You are attributed to the transaction in Opendoor’s system before the final cash offer accepted by the seller is active
- Your transaction count resets each calendar year

Question 4

How fast does my client get an offer?

Accepted Answer

The finalized offer comes after you complete the photo walkthrough with your phone, typically within a few business days.

Question 5

Does requesting an offer commit my client to anything?

Accepted Answer

No. Requesting an offer is free, with no commitment and no cost. The final offer is good for about 5 days. Your client can take it, choose Cash Now, More Later, or simply walk away. There are no cancellation fees of any kind.

Question 6

What fees does Opendoor charge?

Accepted Answer

A service charge that varies by home and is shown in the offer breakdown, so your client sees their exact net number before they decide. No listing prep, staging, or showings.

Question 7

What markets does Opendoor work in?

Accepted Answer

Opendoor serves 98% of markets in the 48 contiguous United States. The easiest check: enter the address. If the area is outside coverage, you'll know right away.

Question 8

How do I sign up?

Accepted Answer

There's no sign-up and no membership. Enter your client's address at the top of this page, answer a few questions, and walk the home with your phone. You represent your client all the way to close.

Walk into the listing appointment with a cash offer.

Your client gets two offers.

Cash Now, More Later

Cash

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