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The company's founder said he's going "back to my startup roots".
Allow homeowners in a few markets to choose between a cash offer or listing with an agent.
CFO Carrie Wheeler named CEO, succeeding Eric Wu, who will become president-marketplace.
The decision was announced by CEO and Co-founder Eric Wu in a blog post.
The commission determined that the online homebuyer misled customers.
Total revenue of $8 billion, up 211% versus 2020, with 21,725 homes sold, up 119% versus 2020