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TERMS OF SERVICE

This Terms of Service Agreement (this “Agreement”) is a binding agreement
between you and Opendoor Labs Inc. and its affiliated companies (collectively,
“Opendoor,” “we,” “us,” or “our”) providing the terms and conditions for your
use of our Services.

By “Services,” we mean all the products and services owned and operated by
Opendoor, including the content, features, data, and software made available
through www.opendoor.com (the “Web Site”), our mobile applications, and other
websites or applications we operate.

Please review this Agreement carefully.  By accessing and using our Services,
you agree to all the terms and conditions of this Agreement.  Please be sure to
also review our Privacy Policy, which is incorporated and made a part of this
Agreement.

This Agreement contains warranty and liability disclaimers.

We may modify this Agreement from time to time and will post the amended
agreement at www.opendoor.com/terms. You will be deemed to have accepted this
Agreement as amended if you continue to access our Services after any amendments
are posted.


1. GENERAL TERMS


1.1 USING OUR SERVICES


1.1.1 GENERAL REQUIREMENTS

By accessing our Services, you agree to abide by all applicable local, state,
national, and international laws and regulations in your use of our Services.

Our Services are intended only for personal, non-commercial use by U.S.
residents aged 18 years and over. If you do not meet this criteria, you agree to
immediately discontinue use of our Services. We reserve the right to refuse to
provide our Services to anyone at any time.


1.1.2 REGISTERED USERS

We reserve the right to restrict certain of our Services to registered users. In
the event that any of our Services requires you to register prior to our
granting you access, you agree to provide accurate, current, and complete
account information, including but not limited to your name, address, telephone
number, and email address, and to update this information as necessary to keep
it accurate, current, and complete.

You may not sell, transfer, or assign your account with us to anyone else. You
are responsible for maintaining the confidentiality of your account name and
password, and for all activities that occur while logged in under your account.
You agree to notify us immediately at contact@opendoor.com of any actual or
suspected unauthorized use of your account.


1.1.3 LICENSE

Opendoor grants to you a limited, non-exclusive, non-transferable license to
access and use our Services in accordance with the terms and conditions set
forth in this Agreement. Opendoor reserves all right, title and interest not
expressly granted under this license to the fullest extent permitted by law. Any
use of our Services not expressly permitted under this Agreement is strictly
prohibited.

You agree not to sublicense, assign, or transfer the license granted to you
under this Agreement. Any attempt to sublicense, assign, or transfer any of the
rights, duties, or obligations in violation of the provisions of this Agreement
is void.


1.1.4 COPYRIGHTS, TRADEMARKS AND OTHER INTELLECTUAL PROPERTY

All content and materials available through our Services, including, but not
limited to text, images, audio, video, interfaces, information, data, and
computer code, are the property of Opendoor (collectively, our “Content”).

Our Content, including any content licensed to us by third party content
providers (the “Providers”), is protected by U.S. and international intellectual
property laws and treaties. You are permitted to access our Content only through
our Services and you may not copy, modify, sell, reproduce, distribute,
republish, display, post, create derivative or collective works from, or
transmit in any form our Content, in whole or in part, without our prior written
consent, which may be subsequently revoked at our sole discretion. You may not
reverse engineer or reverse compile any of our Services or the technology used
to operate our Services.  Nothing in this Agreement grants you any license or
right to use our Content except as expressly stated in this Agreement.


1.1.5 INFRINGEMENT

You agree that you will not use our Services in any manner that infringes the
rights of any third party. If you are a copyright holder and believe your work
has been used in our Services in a way that constitutes copyright infringement,
please send a notice of infringement under the Digital Millennium Copyright Act
(“DMCA”) to:

Opendoor, c/o Legal Team

410 N. Scottsdale Rd., Suite 1600

Tempe, AZ 85281

Phone: 888.352.7075

Email: dmca@opendoor.com

To find out what to include in the notice, click here to read the DMCA.


1.1.6 OTHER RESTRICTIONS

You agree that you will not use our Services to: (a) impersonate any person or
entity or misrepresent your affiliation with any person or entity; (b) engage in
spamming, flooding, harvesting of email addresses or other personal information,
spidering, screen scraping, database scraping, or any other activity with the
purpose of obtaining lists of users or any other information, including
specifically, property listings available through our Services; (c) attempt to
decipher, decompile, disassemble or reverse engineer any of the computer code
comprising or in any way making up a part of our Services; (d) violate any
applicable local, state, national or international law; (e) send chain letters
or pyramid schemes via our Services; or (f) attempt to gain unauthorized access
to other computer systems through our Services.

You agree that you will not use our Services in any manner that could damage,
disable, overburden, or impair our Services or interfere with any other party’s
use and enjoyment of our Services.


1.1.7 SUBMISSIONS

If you submit to us or post through our Services any property listing,
testimonial, comment, review, suggestion, or any work of authorship
(collectively, a “submission”) including, without limitation, submissions about
any of our products or services, such submission may be used by us in any
manner. Please do not submit or send any submission to us that you consider
contains confidential or proprietary information. No submission sent to us will
be considered or treated as confidential information. We do not pre-screen
submissions and we will have no obligation to read any particular submission
submitted or sent to us.

By submitting or sending a submission to us, you: (a) represent and warrant that
the submission is original to you, that no other party has any rights thereto,
and that any moral rights in such submission have been waived, and (b) grant us
a royalty-free, unrestricted, worldwide, perpetual, irrevocable, non-exclusive
and fully transferable, assignable and sublicensable right and license to use,
reproduce, publish, distribute, display, translate, summarize, modify and adapt
such submission (in whole or part) and/or to incorporate it in other works in
any form, media, or technology now known or later developed, in our sole
discretion, with or without your name.


1.1.8 MOBILE ID AND IDENTITY VERIFICATION DATA

When you use your mobile device to electronically unlock our properties, you
authorize your wireless carrier to disclose information about your wireless
carrier account, such as subscriber status, payment method and device details,
if available (the “Mobile ID Data”). In addition, when you access the Services
through a mobile device to electronically unlock our properties, you may be
prompted to share your U.S. driver’s license or state-issued ID data. By sharing
such information, you authorize our third-party identity verification service
provider to collect the data displayed on and/or encoded in the barcode of your
ID in accordance with its privacy policy, and you authorize us to receive such
information (collectively, the “Verification Information”) from such service
provider. As discussed in our Privacy Policy, we only use the Mobile ID Data and
Verification Information for lawful purposes, including but not limited to
identity verification, security of Opendoor properties, and the prevention of
fraudulent activity.


1.2 DISCLAIMERS


1.2.1 NO WARRANTY

TO THE FULLEST EXTENT PERMITTED BY LAW, OUR SERVICES, OUR CONTENT, OR OTHER
CONTENT AVAILABLE THROUGH OUR SERVICES ARE PROVIDED “AS IS” AND “AS AVAILABLE,”
WITH ALL FAULTS AND WITHOUT WARRANTY OF ANY KIND. OPENDOOR, ON BEHALF OF ITSELF,
ITS AFFILIATES, AND THE PROVIDERS, DISCLAIMS ALL WARRANTIES OF ANY KIND, WHETHER
EXPRESS OR IMPLIED, RELATING TO OUR SERVICES, OUR CONTENT, OR OTHER CONTENT
AVAILABLE THROUGH OUR SERVICES INCLUDING THE IMPLIED WARRANTIES OF
MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, QUIET ENJOYMENT, QUALITY,
ACCURACY, TITLE AND NON-INFRINGEMENT, AND ANY WARRANTY ARISING OUT OF COURSE OF
DEALING, USAGE OR TRADE.


1.2.2 ASSUMPTION OF RISK

YOU USE OUR SERVICES, OUR CONTENT, OR OTHER CONTENT AVAILABLE THROUGH OUR
SERVICES, AT YOUR OWN DISCRETION AND RISK. YOU ASSUME ALL RISK FOR ANY DAMAGE
THAT MAY RESULT FROM YOUR USE OF OUR SERVICES, OUR CONTENT, OR OTHER CONTENT
AVAILABLE THROUGH OUR SERVICES. YOU ARE SOLELY RESPONSIBLE FOR ANY DAMAGE TO
YOUR PROPERTY (INCLUDING ANY COMPUTER SYSTEM OR MOBILE DEVICE USED IN CONNECTION
WITH OUR SERVICES), OR THE LOSS OF DATA THAT MAY RESULT FROM THE USE OF OUR
SERVICES, OUR CONTENT, OR OTHER CONTENT AVAILABLE THROUGH OUR SERVICES.

ADDITIONALLY, YOU VISIT OPENDOOR’S REAL PROPERTY AND SURROUNDING PREMISES
(COLLECTIVELY, THE “PREMISES”) AT YOUR OWN DISCRETION AND RISK. YOU ASSUME ANY
AND ALL RISK FOR ANY PROPERTY DAMAGE OR LOSS, OR BODILY, MENTAL, OR PERSONAL
INJURY, INCLUDING DEATH, RELATING TO OR ARISING FROM VISITING THE PREMISES.


1.2.3 NOT A LEGAL OR PROFESSIONAL ADVISOR

You acknowledge and agree that Opendoor is not engaged in rendering legal, tax
or other professional services.  If legal, tax or other professional assistance
is required, including but not limited to the review of agreements and forms
made available to you through our Services, the services of a competent
professional should be sought.


1.3 LIMITATION OF LIABILITY

You agree that neither Opendoor, nor its affiliates, nor any of their respective
employees, or agents involved in the creation, production and distribution of
our Services or our Content, is liable to any person or entity whatsoever for
any loss, damage (whether actual, consequential, special, punitive, direct or
indirect), injury, claim, liability or other cause of action based upon or
resulting from the use or attempted use of our Services or our Content,
including but not limited to any claim or damage arising from failure of
performance, error, omission, inaccuracy, interruption, deletion, defect, delay
in operation, computer virus, system failure, theft, destruction, unauthorized
access to or alteration of personal records, or the reliance upon or use of
data, information, opinions or other materials accessed through our services. 
Additionally, you agree that Opendoor is not liable or responsible for any
defamatory, offensive or illegal conduct of third parties.

NOTWITHSTANDING ANY PROVISION TO THE CONTRARY, NOTHING IN THIS AGREEMENT SHALL
AFFECT WARRANTIES OR LEGAL RIGHTS, INCLUDING BUT NOT LIMITED TO RIGHTS TO
DAMAGES, WHICH ARE INCAPABLE OF EXCLUSION OR RESTRICTION UNDER APPLICABLE LAW.


1.4 INDEMNIFICATION

You agree to indemnify, defend, and hold harmless Opendoor, its officers,
directors, employees, affiliates, agents, and licensors from and against all
losses, expenses, damages and costs, including reasonable attorneys’ fees,
arising out of or in any way related to (i) any violation or alleged violation
by you of the terms and conditions of this Agreement or any applicable law; (ii)
your access, use, or misuse of our Services or our Content; and/or (iii) any
infringement by you of the copyright or intellectual property rights of any
third party.  You must not settle any such claim or matter without the prior
written consent of Opendoor. We reserve the right, at our own expense, to assume
the exclusive defense and control of any claim subject to indemnification by
you, and you further agree that you will cooperate fully in the defense of any
such claims.


1.5 GOVERNING LAW

This Agreement will be governed by the laws of the state of California, without
regard to its provisions relating to conflict of laws.


1.6 ENFORCEABILITY

Our failure to enforce any of our rights or to act with respect to a breach by
you or others of this Agreement does not constitute a waiver of any rights and
will not limit our rights with respect to that breach or any subsequent
breaches. No waiver by Opendoor of any of the provisions in this Agreement will
be of any force or effect unless made in writing and signed by a duly authorized
officer of Opendoor.

If any provision of this Agreement shall be unlawful, void or for any reason
unenforceable, then that provision shall be deemed severable from this Agreement
and shall not affect the validity and enforceability of any remaining
provisions.

We may assign this Agreement, or certain of our rights or obligations under this
Agreement, to any party at any time without notice to you. You may not assign
your rights or obligations under this Agreement, by operation of law or
otherwise, without the prior written consent of Opendoor.


1.7 CONSENT TO BE CONTACTED; NOTICES

If you provide, or have provided, a telephone number to us, you expressly agree
that we may contact you at that number in order to provide you with
informational and service messages, including via text message and/or by using
automated telephone technology. Standard message and data rates may apply. You
can opt-out of text messages by replying “STOP” to the sender. You represent and
warrant that you are the authorized subscriber for the telephone number(s) you
have provided.  Please be aware that we may record or monitor telephone calls
for quality assurance.

If you provide, or have provided, an email or mail address to us, you agree that
we may provide notices to you through such means. Unless otherwise stated in the
notices, the notices will become effective immediately.


2. SERVICE-SPECIFIC TERMS

Certain terms and conditions are specific to certain of our Services.  We’ve
broken those out below.


2.1 OPENDOOR ESTIMATES

An Opendoor Home Value, Offer Preview, Preliminary Offer, Instant Offer, and/or
Estimated Offer (each an “Opendoor Estimate”) is an estimate calculated using
publicly-available information and Opendoor’s proprietary valuation model. It
typically takes into account hundreds of data sets related to your home and its
location.

An Opendoor Estimate is not an appraisal. It is an invitation for you to request
an offer to purchase your home (an “Opendoor Offer”).


2.2 SELLING TO OPENDOOR


2.2.1 OPENDOOR OFFERS

An Opendoor Offer is an offer by Opendoor to purchase a home.  You will be
eligible to receive an Opendoor Offer after you provide us with information
about your home and (i) you are the owner or represent the owner of the home,
(ii) the home is in one of our service areas, (iii) the home meets our current
home-buying parameters, which may change from time to time for a given service
area under our sole discretion and (iv) we have had an opportunity to assess
your home.

An Opendoor Offer is not an appraisal. It is the purchase price Opendoor is
willing to pay for your home, subject to additional terms, conditions, and fees
outlined in the offer.

In the event that Opendoor makes you an offer on your home, Opendoor is not
acting as your real estate agent or broker; nor does Opendoor represent you in
any capacity as a seller. Opendoor is merely acting as, or on behalf of, a
purchaser of real estate. As a seller, you have the right, and it is your
responsibility, to independently evaluate and decide whether to accept the
Opendoor Offer.


2.2.2 SERVICE CHARGE

Your Opendoor Offer will reflect a figure for Opendoor’s service charge. This
service charge helps cover the expenses Opendoor incurs in buying and reselling
your home, including holding costs like taxes, utilities, and maintenance.
Service charge may vary dependent on anticipated costs for the particular home.
It does not include negotiated repairs costs or third party charges related to
the settlement of the sale.


2.2.3 AFTER YOU’VE SOLD

Please ensure you’ve contacted the U.S. Postal Service to set up address
forwarding to your new address effective as of your close date. Also, be sure to
update your address anywhere that you regularly order packages from.  Once your
home sale has closed, we disclaim all liability for any mail or packages
delivered to the property.


2.3 VISITING AN OPENDOOR HOME


2.3.1 AUTHORIZED ACCESS

By accessing any home owned by Opendoor (an “Opendoor Home”), you certify and
agree you are entering the home with the express purpose of (1) evaluating the
home for potential purchase, or (2) engaged in authorized business with
Opendoor.  You acknowledge that each access request grants up to 1 hour of time
in the home, unless you have express permission from Opendoor for extended
on-site presence. Opendoor may revoke permission to access one or more of its
homes at any time.  If you are asked to leave one Opendoor Home, you lose
permission to go to any future Opendoor Home unless you receive notification
otherwise from Opendoor.


2.3.2 AUTHORIZED ACTIVITIES

By entering an Opendoor Home, you acknowledge and agree that you will not, and
will not assist or enable others, to:

 * breach or circumvent any applicable law, or terms of this Agreement;
 * access the home if under the age of 18;
 * smoke, vape, consume alcohol, or use any illicit or illegal substances on the
   Premises;
 * abandon, leave behind, dump, or otherwise discard any property including, but
   not limited to, flyers, pamphlets, marketing or promotional materials, trash,
   garbage, waste product, or any other type of personal property on the
   Premises without the express consent of Opendoor;
 * remove any property from the Premises other than marketing or promotional
   materials provided by Opendoor for such use;
 * use any facilities in the home including, but not limited to, pools, showers,
   and appliances other than for the purpose of examining them in the course of
   reasonable evaluation for purchasing the home;
 * request access other than through a method authorized by Opendoor (authorized
   methods include the Opendoor Mobile App, text-to-enter, and a phone call to
   Opendoor’s  Customer Support line);
 * enter the home other than through the front door;
 * bring any weapon including, but not limited to guns, knives, blunt-force
   objects, and projectiles into the home or surrounding yard;
 * avoid, bypass, remove, deactivate, impair, or otherwise attempt to circumvent
   any technological or security measure implemented by Opendoor or any other
   third party to protect Opendoor Homes and their contents and surroundings,
   Services, customers, and/or visitors; or
 * violate or infringe anyone else’s rights or otherwise cause harm to anyone.

If, in accessing an Opendoor Home, whether through an authorized method or not,
you provide access to any individuals who have not expressly accepted this
Agreement, you accept legal and financial responsibility for their behavior
including for any breaches by them of Section 2.3 of this Agreement.

By accessing any Opendoor Home, you accept legal and financial responsibility
for any damage you cause to the Premises and, to the fullest extent permitted by
law, any bodily, mental, or personal injury, including death, relating to or
arising from accessing or visiting the Premises.


2.4 BUYING AN OPENDOOR HOME


2.4.1 AS-IS CONVEYANCE

If you contract to purchase a home from Opendoor (“Seller”), you (“Buyer”) agree
to the following additional terms and conditions regarding your purchase of the
home (the “Property”).  In the event of any conflict with the terms of the
Purchase and Sale Contract (“Purchase Contract”) governing the purchase of the
Property, the Purchase Contract shall prevail.

Seller has provided Buyer with an opportunity to inspect the Property, and
strongly encourages Buyer to seek an inspection on the Property by a licensed
home inspector. Buyer further recognizes Seller has not resided in the Property
and has limited knowledge thereof. Accordingly, to the fullest extent permitted
by law and under the terms of the Purchase Contract:

BUYER AGREES THAT BUYER IS ACQUIRING THE PROPERTY ON AN “AS IS, AND WITH ALL
FAULTS BASIS” WITHOUT REPRESENTATIONS, WARRANTIES OR COVENANTS OF ANY KIND WITH
RESPECT TO THE QUALITY, PHYSICAL CONDITION OR VALUE OF THE PROPERTY, THE
PRESENCE OF HAZARDOUS SUBSTANCES IN OR NEAR THE PROPERTY, OR EXPENSES ASSOCIATED
WITH THE PROPERTY.

BUYER WAIVES ANY IMPLIED WARRANTY AS TO HABITABILITY AND/OR, ANY IMPLIED
WARRANTY AS TO THE WORKMANSHIP OF ANY REPAIRS OR MODIFICATIONS PERFORMED ON THE
PROPERTY.

BUYER AGREES IT HAS HAD AMPLE OPPORTUNITY TO OBTAIN PROFESSIONAL COUNSEL OF ITS
CHOOSING, AND IS RELYING SOLELY ON ITS OWN INDEPENDENT JUDGMENT AND THAT OF ITS
OWN PROFESSIONAL CONSULTANTS, IF ANY, IN ENTERING INTO THE PURCHASE CONTRACT AND
PURCHASING THE PROPERTY.

BUYER WILL CONDUCT SUCH INSPECTIONS OF THE PROPERTY AS BUYER DEEMS NECESSARY
AND, IF BUYER ELECTS TO PURCHASE THE PROPERTY, AND AGREES TO ASSUME THE RISK OF
ANY ADVERSE CONDITIONS, INCLUDING ADVERSE CONDITIONS THAT MAY NOT HAVE BEEN
REVEALED BY SUCH INSPECTIONS. 


2.5 BROKERAGE REPRESENTATION AND REFERRALS


2.5.1 ABOUT THE OPENDOOR BROKERAGES

Opendoor Labs Inc. is the parent company of three real estate brokerages,
Opendoor Brokerage LLC, Opendoor Brokerage Inc. (CalDRE# 02061130) and OD Homes
Brokerage Inc. (collectively, the “Opendoor Brokerages,” and each, an “Opendoor
Brokerage”).

Texas Real Estate Commission (TREC) notices:

Information About Brokerage Services

Consumer Protection Notice

These brokerages have contractual relationships with certain multiple listing
services (MLSs) that allow them to show you certain pictures and data related to
listed and previously listed properties. Unless you are a licensed agent, you
agree:

 * to use this data only for personal use, and not for commercial uses;
 * that you will not redistribute or otherwise use the data except in connection
   with your consideration of the purchase or sale of an individual property;
   and
 * that the MLS that supplies the data owns such data and has proprietary rights
   and copyright to such data.


2.5.2 REPRESENTATION OF OPENDOOR

In the event you choose to buy an Opendoor Home or sell your home to Opendoor,
an Opendoor Brokerage will represent Opendoor in the transaction.


2.5.3 WORKING WITH AN OPENDOOR PARTNER AGENT

At your request, an Opendoor Brokerage can refer you to a third-party agent that
can represent you in your home purchase or sale (“Opendoor Partner Agent”), and
you may be eligible for promotions for working with that agent. Should you
choose to work with that agent, the referring brokerage will receive a referral
fee. However, we never require you to choose any particular agent to buy or sell
a home.


2.5.4 WORKING WITH AN OPENDOOR AGENT – AGENCY RELATIONSHIPS

In certain service areas, you may have the option to be represented by an agent
at an Opendoor Brokerage (an “Opendoor Agent”) in your home purchase or sale. 
However, an Opendoor Agent will not be able to represent you if you sell your
home to Opendoor, and may not be able to represent you in other types of
transactions where an Opendoor Brokerage is representing another party.  In
those instances, you remain welcome to work with an Opendoor Partner Agent or
another agent of your choice

Opendoor Agents may only enter into single agency representation agreements. 
Dual agency is prohibited for Opendoor Agents including in service areas where
dual agency is permitted by law. Dual Agency or Limited Agency may occur in
transactions where a buyer and a seller are both represented by an Opendoor
Brokerage.  Where eligible Disclosed Dual Agency transactions occur, only the
designated broker may be entered into dual agency representation; each client
will have separate single agency representation in the transaction.


2.5.5 OPENDOOR TOUR ASSISTANTS

In eligible markets, at your request, an agent will meet you to help facilitate
visits to homes (“Tour Assistant”). Prior to a home tour, you will receive an
email with information about your Tour Assistant. Please note that visiting a
home with a Tour Assistant does not establish an agency or contractual
relationship between you and that Tour Assistant. We always welcome you to seek
representation from the agent of your choice.


2.5.6 OPENDOOR ACCESS PROGRAM

Opendoor’s Agent Access program and all advertising and marketing associated is
provided by Opendoor Labs Inc.  All commissions are paid through the Opendoor
Brokerages.


2.5.7 OPENDOOR EXCLUSIVE LISTINGS

Opendoor Exclusive Listings homes are owned and advertised by Opendoor and its
affiliated companies.  No listing, advertising, or marketing services are
provided by, and no commissions received by, the Opendoor Brokerages as part of
the Exclusive Listings Program.


2.6 CURRENT OPENDOOR PROMOTIONS

Please note that, from time to time, we may advertise estimates of what
customers can receive pursuant to a given Opendoor promotion.  However, the
final amounts you will receive, if eligible, will depend on factors like the
final price of the home you buy or sell, as well as other associated costs like
agent commissions.  Consult with your Opendoor representative for more details
as to how these promotions apply to your home sale or purchase. Unless otherwise
stated, Opendoor promotions may not be combined.  


2.6.1 BUYER REFUND INCENTIVE

In certain of our service areas, if you use an Opendoor Agent or Opendoor
Partner Agent to purchase a home, you can save up to 1% off the purchase price
of the home in the form of a commission refund at closing.

The amount is subject to a minimum commission to your agent of $3,000, which
means it is calculated as the lesser of either (a) 1% of the price of the
property you buy, or (b) your agent’s commission minus $3,000. It may be reduced
on the basis of purchase type (e.g., short sale), loan or lender restrictions,
seller contributions, or law.


2.6.2 OPENDOOR BACKED OFFER PROGRAM

The Opendoor Backed Offer Program is designed to help customers to make offers
to purchase eligible homes without the burden of financing, appraisal, and home
sale contingencies. To learn more about the program, including active service
areas, and answers to commonly asked questions, visit offer.opendoor.com. Review
your program documents for full details.


2.7 CURRENT LENDER INCENTIVES

Opendoor is not a lender, mortgage banker, or mortgage broker.

Opendoor has an affiliated mortgage company, Opendoor Home Loans. Opendoor also
has a partnership with Lower. You are not required to work with Opendoor Home
Loans or Lower as a condition of working with Opendoor. Opendoor does not
receive any money or other thing of value for connecting you with Opendoor Home
Loans or Lower.

Unless otherwise specified, lender incentives may not be combined.


2.7.1 $2,500 LENDER INCENTIVE FOR OPENDOOR HOMES

Buyers of Opendoor Homes in Arizona, Colorado, Georgia, North Carolina, South
Carolina, Tennessee, and Texas who choose to finance their purchase of an
Opendoor Home with a loan from Opendoor Home Loans will be eligible for $2,500
off closing costs in the form of a $1,500 seller credit from Opendoor and $1,000
credit from Opendoor Home Loans.

Buyers of Opendoor Homes in Florida who choose to finance their purchase of an
Opendoor Home with a loan from Lower will be eligible for $2,500 off closing
costs in the form of a $1,500 seller credit from Opendoor and $1,000 credit from
Lower.

Buyers of Opendoor Homes in all other Opendoor service areas who choose to
finance their purchase of an Opendoor Home with a loan from Lower will be
eligible for $2,500 off closing costs in the form of a $2,500 credit from Lower.

These credits may be prohibited or reduced on the basis of loan restrictions
(including on maximum contributions) or law. Any portion of the seller credit,
if applicable, not applied to closing costs will be used to reduce the purchase
price to ensure Buyer receives the entire amount of the seller credit.

Opendoor Homes that are part of our Exclusives program are not eligible for this
incentive.

In addition, Buyers of Opendoor Homes that were purchased by Opendoor as part of
an Opendoor-Backed Offer Program Agreement with that Buyer are not eligible for
this incentive.


2.7.2 $1,000 LENDER INCENTIVE FOR HOMES NOT OWNED BY OPENDOOR

Buyers of homes not owned by Opendoor in Arizona, Colorado, Georgia, North
Carolina, South Carolina, Tennessee, and Texas who choose to finance their
purchase with a loan from Opendoor Home Loans will be eligible for $1,000 off
closing costs in the form of a $1,000 credit from Opendoor Home Loans.

Buyers of homes not owned by Opendoor in Florida who choose to finance their
purchase with a loan from Lower will be eligible for $1,000 off closing costs in
the form of a $1,000 credit from Lower.

This credit is offered by the lender, not Opendoor, and may be prohibited or
reduced on the basis of loan restrictions (including on maximum contributions)
or law.


2.7.3 $1,000 LENDER INCENTIVE FOR OPENDOOR EXCLUSIVES

Buyers of Opendoor Homes offered as part of our Exclusives program who choose to
finance their purchase of an Opendoor Home with a loan from Opendoor Home Loans
will be eligible for $1,000 off closing costs in the form of a $1,000 credit
from Opendoor Home Loans.

This credit is offered by Opendoor Home Loans, not Opendoor, and may be
prohibited or reduced on the basis of loan restrictions (including on maximum
contributions) or law.


2.7.4 $1,000 LENDER INCENTIVE FOR OPENDOOR HOMES PURCHASED THROUGH AN
OPENDOOR-BACKED OFFER

Buyers of Opendoor Homes that were purchased by Opendoor as part of an
Opendoor-Backed Offer Program Agreement with that Buyer in Arizona, Colorado,
Georgia, North Carolina, South Carolina, Tennessee, and Texas and who choose to
finance their purchase with a loan from Opendoor Home Loans will be eligible for
$1,000 off closing costs in the form of a $1,000 credit from Opendoor Home
Loans.

Buyers of Opendoor Homes that were purchased by Opendoor as part of an
Opendoor-Backed Offer Program Agreement with that Buyer in Florida and who
choose to finance their purchase with a loan from Lower will be eligible for
$1,000 off closing costs in the form of a $1,000 credit from Lower.

This credit is offered by the lender, not Opendoor, and may be prohibited or
reduced on the basis of loan restrictions (including on maximum contributions)
or law.


2.8 90-DAY BUYBACK GUARANTEE

Under Opendoor’s 90-Day Buyback Guarantee (“Guarantee”), you can return a home
that you purchased under the following conditions:

Eligibility Conditions

The home was purchased using an Opendoor Agent or an Opendoor Partner Agent and
it is either (a) an Opendoor Home or (b) has the following attributes (“Third
Party Home”):

 * The purchase price was was no more than $1,400,000
 * The property is a single family home, townhome, or condo
 * The property is not: 
   * a pre-fabricated or a mobile home
   * built before 1960
   * in a gated or age-restricted community
   * in a flood zone
   * on a lot bigger than 1 acre
 * The property was not bought at a foreclosure, probate, or short sale

In the case of a Third Party Home, you must provide a copy of a licensed general
inspection report, and we reserve the right not to offer the Guarantee if there
is any material defect identified in the report (e.g., foundation issues, roof
damage, inoperable HVAC systems, unpermitted additions) or if we determine the
purchase price is materially above the fair market value of the home. We will
contact you within 48 hours of receipt of the report if this is the case.

Additionally, to qualify, you must have purchased the home as a primary
residence, and moved into and resided in the home. You may not lease or
otherwise permit tenants in the home. And you may not have previously returned
another home to Opendoor in the past 36 months.

Return Conditions

To return the home, send an email to buyback@opendoor.com no later than ninety
(90) days after the close of escrow (the “Closing Date”) with the following
information:

 * The address of the home.
 * The Closing Date.
 * A request to return the home under the Guarantee.
 * The date on which you will move out of the Property, which must be within 40
   days from the date the email notice is sent (“Notice Date”).

You will then fill out a short application certifying that (1) you purchased the
home as a primary residence and resided in it, (2) no tenants were permitted to
reside at the home, (3) you have not previously returned another home to
Opendoor in the past 36 months, and (4) you will fully vacate and remove
belongings from the home within 40 days of the Notice Date.

Before we re-purchase the home, the following must also be true:

 * There has been no Material Detrimental Change to the property since the
   Closing Date. “Material Detrimental Change” shall mean any change or changes
   to the property subsequent to the Closing Date, regardless of its cause,
   that, taken individually or together, materially impact the property’s value
   or habitability, as determined in Opendoor’s reasonable, good faith sole
   discretion, including, but not limited to, non-minor damage to the property;
   removal or modification of any major fixtures; impacts by acts of God, fire,
   flood, hail, wind, earthquake, war, epidemic, riot or terrorism, casualty
   loss; a housing market decline represented by a 5% or greater annualized
   decline in the seasonally adjusted Case-Shiller Home Price Index for the
   region in which the property is located measured over the most recent month
   for which the index is available; a stock market decline represented by a 10%
   or greater annualized decline in the S&P 500 Index measured from the Closing
   Date to the Notice Date; or in the event that Opendoor becomes insolvent or
   files for bankruptcy.
 * Your certifications in your return application must be true, accurate, and
   complete at the time of the return closing.
 * All liens and encumbrances incurred since the Closing Date must be paid in
   full or otherwise removed by the Buyer at or prior to the return closing.
 * Any solar lease, loan, or power purchase agreement must be fully pre-paid and
   transferred to Opendoor at or prior to the return closing.
 * Title to the property has not changed since the Closing Date and there may be
   no disputes affecting title or liens, other than those arising due to any act
   by Opendoor.

Following receipt of your notice and application, unless the home does not
otherwise qualify for the Guarantee, we will schedule an assessment to evaluate
the condition of the home. We agree to schedule the assessment and you agree to
facilitate it within 5 days of receiving your notice and application. We will
give you the results of the assessment within 5 days of completing it.

Subject to meeting all the above conditions, Opendoor will purchase the home
from you pursuant to its standard form agreement, which we will provide to you,
for the following price:

The purchase price of the home on the Closing Date minus seller concessions
reflected on the closing statement (“Adjusted Purchase Price”) less a 3% fee
(the “Return Fee”), less any commission refund you received for working with an
Opendoor Agent or Opendoor Partner Agent (“Commission Refund”). If our
assessment discloses needed repairs, we will also identify and debit repair
costs.

For the avoidance of doubt, Opendoor’s maximum financial obligation associated
with a return under the 90-Day Guarantee will not exceed 97% of the Adjusted
Purchase Price.

This Agreement was last modified on March 22, 2022.

ANY RIGHTS NOT EXPRESSLY GRANTED HEREIN ARE RESERVED BY OPENDOOR.

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