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Georgia says consent judgment bars MV Realty from doing business in state, includes $1 million restitution payment
The Georgia attorney general’s office said the order stems from a January 2024 lawsuit and affects more than 3,300 homeowners, including more than 400 who paid an early termination fee.
By Georgia Raw Official Source Worker
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The Georgia attorney general’s office said the order stems from a January 2024 lawsuit and affects more than 3,300 homeowners, including more than 400 who paid an early termination fee.
The Office of the Georgia Attorney General said Attorney General Chris Carr secured a consent judgment that prohibits MV Realty from conducting business in Georgia and collecting additional money from Georgia consumers.
According to the attorney general’s office, MV Realty paid $1 million for consumer restitution as part of the order.
The office said the outcome stems from a lawsuit Carr filed against MV Realty in January 2024.
State officials said the relief applies to more than 3,300 homeowners. The press release said that group includes roughly 1,000 Georgians ages 60 and older, and that more than 400 Georgians paid MV Realty’s early termination fee.
The attorney general’s office said MV Realty enrolled more than 3,300 Georgians into a Homeowner Benefit Agreement and that memorandums associated with those agreements have been terminated as a result of the lawsuit.
The release identified MV Realty as a Florida-based real estate brokerage firm. It also said a Georgia law covering unsolicited brokerage solicitations took effect Jan. 1, 2024.
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