Recognizing Real Estate Broker’s Susceptibility to Scams Webcast
9/28/13: Recognizing Broker’s Susceptibility to Scams. The natural optimism and goal orientation of Brokers, combined with big rewards from successfully closed deals, makes Brokers susceptible to scams. Learn how to avoid these scams before you’ve wasted too much time or effort.
Red Flags for Brokers:
- Never met with the client in person
- Typically from overseas
- Client represents self as cash buyer
- Client has never actually seen the property, or doesn’t care to until JUST before closing
- May want virtual tour of property created prior to going under contract
- Client says they need to escrow funds with an attorney and resist escrow with a Title Company
