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Ambassador
4,203,009
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Wire fraud is a huge issue right now. 

Apr 08, 2019 09:44 PM
Rainmaker
985,552
Doug Dawes
KW Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Use your gut instinct. Wire fraud is a big thing to watch for

Apr 09, 2019 06:38 AM
Rainmaker
4,059,138
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Can't say I've ever really been faced with worrying about real estate fraud in 25 years of doing this... at the end of day... if it's too good to be true, it probably is.

Apr 09, 2019 04:14 AM
Rainmaker
956,131
Diana Zaccaro Broker Associate
Tropical Beachside brokered by eXp - Cocoa Beach, FL
"The Accidental Blogger" Cocoa Beach, Florida

According to your profile you are an industry observer in Utah who does mortgages so I'm curious why you are asking about real estate fraud.

Did you mean mortgage fraud? If you are a real estate student in the prelicense course, your instructor should cover real estate fraud with special emphasis on the laws of your state.

 

Apr 08, 2019 09:22 PM
Rainmaker
1,380,923
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

If it's too good to be true...

Apr 08, 2019 08:53 PM
Rainmaker
6,547,259
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Be alert for things that appear to be too good to be true.

Apr 09, 2019 05:29 AM
Rainmaker
882,857
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

RED flag is AKA anonymous.

If you can't knock on the door off all the parties involved, a game is afoot.

Apr 09, 2019 04:28 AM
Rainmaker
3,999,736
Richard Weeks
Dallas, TX
REALTOR®, Broker

Offers significantly over list price

High appraisals

Soft seconds

Apr 09, 2019 03:59 AM
Ambassador
5,360,784
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Be careful who you wire money to.

Apr 08, 2019 09:01 PM
Rainmaker
1,873,105
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

You have many great suggestions Nicole.  

Apr 09, 2019 05:05 PM
Rainmaker
1,874,550
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

If something doesn't seem right to you ask your broker. If something needs to be reasoned out to make sense, ask your broker Nicole Christiansen 

Apr 09, 2019 07:20 AM
Ambassador
3,037,764
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

Where there are people with no good intentions there will be potential for wrong-doing. 

 

Apr 09, 2019 06:32 AM
Rainmaker
3,322,398
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

The good thing is it is rare. Spend time doing it right not looking for what is always wrong. The golden rule is when it sounds too good to be true and it usually is. 

Apr 09, 2019 05:35 AM
Rainmaker
4,161,791
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Use the smell test and follow your instinct!

Apr 09, 2019 04:33 AM
Rainmaker
5,530,381
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Ryan Huggins - Thousand Oaks, CA said it perfectly...A

Apr 08, 2019 09:03 PM
Rainmaker
679,779
Peter Testa
Nationwide Homes - Danbury, CT
PETER TESTA

If it's seems too good to be true then it probably is. 

Apr 09, 2019 01:19 PM
Rainmaker
5,571,343
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

if it sounds too good to be true, it's fraudulent....

Apr 09, 2019 12:59 PM
Rainmaker
883,633
Mel Ahrens, MBA, Kelly Right Real Estate
Kelly Right Real Estate - Hood River, OR
Customized Choices for your Real Estate Needs

If it doesn't feel right, it probably is not. Go with your gut. More time and experience will help determine if it is legit.

Apr 09, 2019 11:20 AM
Rainmaker
1,149,309
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

If it does not sound right it is likely a fraud.

Apr 09, 2019 06:45 AM
Rainmaker
2,634,637
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Same dynamics in friendships, marriages and relationships etc. exist to tell you something is not right...

Apr 09, 2019 08:37 AM
Rainmaker
2,062,464
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL
www.SIBRealty.org 305-931-6931

Great answers. 

Jun 18, 2019 04:07 PM
Rainmaker
1,596,531
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

No idea. 

Jun 18, 2019 03:41 PM
Rainmaker
4,888,469
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Read your commission's list of brokers seeing disciplinary action.

Apr 22, 2019 03:37 PM
Rainmaker
3,972,761
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Using earnest money for your own use.

 

Apr 11, 2019 04:33 PM
Rainer
2,490
Mitchell Martin
Keller Williams Realty Central - Conway, AR
Residential Sales in Conway, AR

Be sure to always ask for I.D. and the deed. Ask to meet as a public location or the office for the first meeting. These easy simple things will eliminate a lot of potential fraud.

Apr 10, 2019 10:50 AM
Rainer
1,015
Arthur Reiman
Woodward Realty Group - Freehold, NJ
Specializing in Active Adult communities

Watch out for the out of country buyer who doesn't give any specifics of where or what to buy, just a high price range

Apr 10, 2019 08:18 AM
Rainmaker
896,173
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Wire fraud is a big issue. We have a special form included in every transaction to alert the buyer and seller to be on the look-out for fraud attempts.

Apr 10, 2019 07:52 AM