Senators concerned about homeowners stuck with MV Realty contracts

CHARLOTTE — Members of the U.S. Senate are pressing MV Realty for answers about its 40-year listing agreements.

Channel 9 has reported in a series of Action 9 investigations over the past year about MV Realty and its listing agreements.

You get a small check now but a big penalty later, which is 3% of the value of your home, if you don’t use it to sell your house.

Action 9 investigator Jason Stoogenke has told you how after his reporting, North Carolina banned the long-term real estate contracts that MV Realty uses.

In the video at the top of this webpage, the concern for homeowners who are still bound to those contracts.

MORE PAST COVERAGE:

• Action 9 investigation sparks new NC real estate law
• Support grows for legislation Action 9 investigation sparked
• North Carolina attorney general sues embattled real estate company MV Realty
• Realty company Action 9 has been investigating temporarily stops contracts

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