Open door is trying to replace realtors, providing a “better”service as a real estate broker. They aren’t competing with buyers or sellers, they aren’t going to own homes long term
They literally are, by acting as both a buyer and a seller.
Their publicly claimed business model was that that is incidental, and that they are really a fee-based facilitator, but... that also apparently was knowing fraud, so, maybe it shouldn't be given much weight.
Lol what? They are literally a buyer and then a seller for a house. So yes they are competing with other buyers and sellers.
As a homebuyer in the past year I can personally attest that of the 4 realtors I dealt with, not a single one felt inclined to show a "Owned by Zillow" home. In all showings they were poorly maintained and prepped. It *felt* like an abandoned home.