As blogged by Peter Christensen on Sunday December 8, 2013, a class action lawsuit was filed against BrokerPriceOpinoin.com and First Valuation LLC, First Valuation Services LLC and First Valuation Technology LLC for not having "true corporate separateness in their operation". Firms taking place in this suit are from Florida, Washington and Colorado however, they were not named specifically.
The plaintiff is a real estate agent, Kathy Wornicki from Florida. She claims that she is owed about $880.00 for BPO work she performed in 2012 and 2013. Apparently she claims that the defendants breached their contract by not paying her on time. She is going further and claiming that not only have the plaintiffs not paid her but thousands of other agents across the country.
To read Peter's article yourself, visit his site at http://www.appraiserlawblog.com/2013/12/class-action-lawsuit-filed-against.html?m=0
Comments
They owe me over $600. I don't expect to get paid.
Goodman Dean is the best I've encountered. Easy forms, good support and quick to pay. Thank God for a decent BPO company!
I just did my first one for Goodman Dean (signed up several years ago). They are ok, I think. We'll see and let you all know.
Are they the same as Main Street ? I've turned down Broker's Price Opinion requests for some time now.
Thanks for posting this :+) Have not done work for them but I had been approached by them before. Now I would know better. Thanks!
I filed a claim with better business bureau. it still took about 6 weeks (after I filed it 8 months after my last BPO) but I got paid. I accidently in the BBB claim said I was owed $480 but it was actually $400 and I got paid the $480 :) I considered that fair since I usually charge interest on payments past 60 days....
I have been owed over $3600 by BrokerPrice for over a year and a half!!!! I'll see if I can join the suit.
Thank you Jesse for posting this!
I never worked for these companies because their reputations preceeded them. I heard many years ago from fellow brokers about brokerpriceopinion.com. They used to call me often and I always told them I'd never do any work for them becuase of their reputationn for not paying. They finally quit calling.
Good for Kathy and a great big THANK YOU to her for taking action. All of us that do BPOs owe her thanks, even if we are not owed money by these companies, because maybe other non paying companies will think twice when they see some agents are willing to take them to court if they don't pay.
Happened to me however was not paid by my Broker then she went out of business I continued with the same company with BPO and have been with them since 2009 and get paid............kathy s