OSTK » Topics » Fraudulent activities using our real estate listing site and disputes between users of our real estate listing site may harm our business.

This excerpt taken from the OSTK 10-Q filed Nov 10, 2008.

Fraudulent activities using our real estate listing site and disputes between users of our real estate listing site may harm our business.

 

We may periodically receive complaints from users alleging improprieties in connection with listings and occasionally these complaints may result in lawsuits or regulatory action. Particularly, with any online listing service there is the possibility that sellers may attempt to employ sales techniques that are not permitted by state or federal laws or regulations.  We do not have the ability to require users of our services to refrain from employing sales techniques that are not permitted by state or federal laws or regulations or to make accurate disclosures or comply with consumer laws prohibiting these or other prohibited seller tactics. To the extent that real estate sellers using our listing services engage in practices proscribed by law, we may receive complaints, requests and communications, and encounter legal actions in connection with our real estate listing business, which may harm our business or reputation among consumers.

 

This excerpt taken from the OSTK 10-Q filed Nov 10, 2008.

Fraudulent activities using our real estate listing site and disputes between users of our real estate listing site may harm our business.

 

We are aware that other companies operating online real estate listing services have periodically received complaints from users alleging improprieties in connection with listings and occasionally these complaints may result in regulatory action. Particularly, with any online listing service there is the possibility that sellers may attempt to employ sales techniques that are not permitted by state or federal laws or regulations.  We do not have the ability to require users of our services to refrain from employing sales techniques that are not permitted by state or federal laws or regulations or to make accurate disclosures or comply with consumer laws prohibiting these or other prohibited seller tactics. To the extent that real estate sellers using our listing services engage in practices proscribed by law, we may receive complaints, requests and communications, and encounter legal actions in connection with our real estate listing business, which may harm our business or reputation among consumers.

 

This excerpt taken from the OSTK 10-Q filed Aug 4, 2008.

Fraudulent activities using our real estate listing site and disputes between users of our real estate listing site may harm our business.

 

We are aware that other companies operating online real estate listing services have periodically received complaints from users alleging improprieties in connection with listings and occasionally these complaints may result in regulatory action. Particularly, with any online listing service there is the possibility that sellers may attempt to employ sales techniques that are not permitted by state or federal laws or regulations.  We do not have the ability to require users of our services to refrain from employing sales techniques that are not permitted by state or federal laws or regulations or to make accurate disclosures or comply with consumer laws prohibiting these or other prohibited seller tactics. To the extent that real estate sellers using our listing services engage in practices proscribed by law, we may receive complaints, requests and communications, and encounter legal actions in connection with our real estate listing business, which may harm our business or reputation among consumers.

 

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