Colorado Voids MV Realty Contracts, Clearing Homeowners From Long-Term Real Estate Agreements
Colorado homeowners who previously signed long-term agreements with MV Realty are being released from those contracts under a consent judgment announced by Colorado Attorney General Phil Weiser.
The agreement, announced March 24, 2026, voids all MV Realty “Homeowner Benefit Agreement” contracts with Colorado consumers, requires the company to clear related property-title filings, and permanently prohibits MV Realty from performing real estate brokerage services in Colorado. The Attorney General’s Office estimates the agreement will prevent approximately $8.4 million in future fees from being collected from Colorado homeowners.
Why This Matters to Homeowners
The agreements at issue could remain in effect for as long as 40 years and could bind homeowners’ heirs.
According to the Attorney General’s 2025 lawsuit, homeowners received relatively small upfront payments in exchange for giving MV Realty an exclusive right to serve as their real estate agent if they later sold their homes. The agreements could also impose substantial commissions or early-termination fees and included recorded documents affecting property titles.
Under the new consent judgment, those agreements are now void and unenforceable.
What the Consent Judgment Requires
The settlement requires MV Realty to take several steps to release Colorado homeowners from the agreements.
The company must:
- Void and stop enforcing all Colorado Homeowner Benefit Agreements.
- Terminate documents recorded against affected properties.
- Release any claim or interest it has in those properties at no cost to homeowners.
- Notify affected homeowners that their property titles have been cleared.
- Dismiss pending claims based on the agreements.
- Stop performing professional real estate services in Colorado.
The consent judgment also requires MV Realty to pay $600,000 to Colorado. The judgment allows those funds to be used for consumer restitution, attorneys’ fees and costs, consumer education, consumer-protection enforcement and other public-welfare purposes.
The judgment separately provides for $450,000 in civil penalties and $50,000 in attorneys’ fees, which are suspended as long as MV Realty complies with the agreement and makes the required restitution payments.
How the Agreements Affected Homeowners
The Colorado Attorney General alleged that MV Realty’s agreements created significant restrictions on homeowners’ ability to sell, refinance or otherwise manage their properties.
The 2025 complaint alleged that the contracts could require homeowners to pay an early-termination fee if they sold through another real estate agent. The agreements could also affect transactions such as mortgage refinancing and home-equity arrangements.
The Attorney General also alleged that MV Realty recorded documents against properties that could interfere with transfers of title.
In October 2025, the state obtained a court order requiring MV Realty to remove claims it had placed on homeowners’ property titles. The new consent judgment makes the title protections permanent.
What This Means for Selling or Refinancing
For homeowners covered by the agreement, the settlement removes the MV Realty contract and associated claims from the property.
That can be particularly important when a homeowner is preparing to sell or refinance, because title-related claims can create additional steps during a transaction.
The consent judgment requires MV Realty to work with title companies, real estate agents or other parties when necessary to terminate recorded documents. If the company is contacted in connection with the sale of an affected property, the judgment requires it to provide the necessary termination documentation within 48 hours.
Homeowners should nevertheless confirm that the relevant title records have been cleared before assuming a transaction can proceed without additional documentation.
How the Case Began
The Colorado Attorney General filed the lawsuit against MV Realty in April 2025.
The lawsuit alleged that the company had enrolled hundreds of Colorado homeowners in Homeowner Benefit Agreements between 2021 and 2023. The state alleged that some homeowners were targeted through marketing offering quick cash and that the agreements contained long terms, significant fees and provisions affecting heirs.
The consent judgment resolves the state’s claims without an admission of wrongdoing by MV Realty and ends the litigation subject to the terms of the judgment.
What Homeowners Should Do
Homeowners who believe they signed an MV Realty Homeowner Benefit Agreement should consider taking the following steps:
- Review their property records to determine whether an MV Realty-related document remains recorded.
- Contact their title company or closing professional if they are preparing to sell or refinance.
- Contact the Colorado Attorney General’s Office if they believe their agreement has not been properly terminated.
- Keep copies of the original agreement and related documents for their records.
- Consider obtaining advice from a Colorado real estate attorney if a title issue or financial dispute remains.
Broader Consumer Protection Context
The MV Realty case is part of a broader series of Colorado enforcement actions involving agreements that restrict homeowners’ ability to sell their properties or impose substantial fees.
In April 2025, the Attorney General’s Office also announced a separate settlement involving HomeOptions, another company whose agreements gave it future rights to sell homeowners’ properties in exchange for upfront payments. Under that settlement, affected Colorado homeowners were released from the agreements without paying early-termination fees.
These cases highlight the importance of carefully reviewing any agreement that gives a company a long-term interest in a homeowner’s property or future sale.
Key Takeaway
Colorado’s agreement with MV Realty provides significant relief for homeowners who were bound by the company’s long-term Homeowner Benefit Agreements.
The contracts are now void and unenforceable, related title filings must be cleared, and MV Realty is permanently prohibited from providing real estate brokerage services in Colorado. The state estimates the agreement will prevent approximately $8.4 million in potential future fees from being collected from affected homeowners.
Homeowners who believe they were affected should still verify their individual property records and confirm that any MV Realty-related documents have been properly released.