Opendoor Swinging Shut

The once-hyped iBuyer now has 180 days to avoid a Nasdaq eviction notice

June 02, 2025

Splits and Caps Daily: Action for Agents

June 2, 2025

📈 Market Move:

Penny-Price Panic

Opendoor just got a warning letter from NASDAQ because its stock has been chilling under $1 for over 30 trading days. Translation: they’ve got 180 days to fix it or risk getting kicked off the exchange.

This isn’t new territory. Offerpad pulled a reverse stock split when it hit the same wall… and still slid back under $1. The iBuyer model was sexy in the mid-2010s, but reality hit hard post-2020. Zillow and Redfin bailed. Opendoor stayed in the fight, took a $1.4B punch in 2022, bounced back to profitability briefly, and now? Bleeding again.

Their Hail Mary? Partnering with agents and riding the wave of commission shakeups post-NAR lawsuit. CEO Carrie Wheeler is betting on collaboration > disruption. But unless that stock pops back above a buck soon, Opendoor might be innovating from the OTC list.

🌟Quote of the Day:

"Don't limit your challenges. Challenge your limits." — Jerry Dunn

📊🤔 Agent Poll Results

On 5/30, we asked: Be honest—what's actually killing your deals right now?

The results are in!

  • A) Buyers ghosting like it's a dating app: 0%

  • B) Sellers still living in 2021 price fantasies: 75%

  • C) Mortgage rates making everyone cry: 25%

  • D) Inventory that's either ugly, overpriced, or both: 0%

Sounds about right! Keep hustling!

🎉 Fun Fact of the Day: 

Clean Sweep: According to a HomeLight study, a deep-cleaned home can fetch up to $11,000 more than a similar dirty one. So yeah… your Swiffer is technically a profit-generating tool.

📚 Book Recommendation:

“Influence: The Psychology of Persuasion” by Robert B. Cialdini—AKA: How to become a Jedi without the lightsaber.

Look — if you're in sales, marketing, real estate, or honestly just trying to get your kid to eat broccoli, Influence is your cheat code. Cialdini breaks down the 6 psychological triggers that make people say “yes” — like reciprocity, authority, scarcity, and a few others that’ll make you realize your brain’s been on autopilot in every infomercial you've ever watched.

This isn’t fluffy self-help. It’s weaponized psychology.

Use it ethically. Or at least use it better than the other guy.

Influence: The Psychology of Persuasion

Speed beats perfection. Every. Damn. Time.

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