ATTORNEY GENERAL TONG SEEKS TO BAN PREDATORY AND DECEPTIVE REAL ESTATE LISTING AGREEMENTS FOLLOWING CONNECTICUT INVESTIGATION
(Hartford, CT) – Following an investigation that uncovered nearly 400 deceptive real estate agreements in Connecticut through the company MV Realty, Attorney General William Tong today urged legislators to pass legislation banning the multi-year predatory listing deals and nullifying all existing unfair contracts. MV Realty is a Florida-based company with two licensed realtors in Connecticut. An investigation conducted by the Office of the Attorney General revealed that the company has targeted hundreds of lower-income homeowners in Connecticut, offering residential exclusive listing agreements, which MV calls “Homeowner Benefit Agreements.” Through these agreements, MV provides a small cash payment of a few hundred dollars in exchange for the exclusive right to list their homes for sale for a period of 40 years.…










