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Last month, a real estate agent in Patty Zuzek’s office got a call about selling a plot of land. The caller, who had heard about the real estate agency through a Facebook post wanted to sell the ...
Here’s are some of the ways scams pan out, with scammers pretending to be a real estate agent, title agent or lender. They may do the following: Create fake rental/ sale listings to request a ...
Real estate scams are nothing new. But as rents, home prices, and inflation remain high in today’s volatile housing market, some industry experts warn scams could be on the rise.
Mortgage fraud by borrowers from US Department of the Treasury [7]. Mortgage fraud may be perpetrated by one or more participants in a loan transaction, including the borrower; a loan officer who originates the mortgage; a real estate agent, appraiser, a title or escrow representative or attorney; or by multiple parties as in the example of the fraud ring described above.
A broker's price opinion (BPO) is a report that is performed by a licensed real estate agent, broker. or appraiser. A BPO is an informal appraisal. It is similar to doing a CMA (Comparative Market Analysis) but most times the real estate professional gets paid to do a BPO. A BPO can be either an exterior drive-by or a full interior report.
A multiple listing service's database and software is used by real estate brokers in real estate (or in other industries, for example, aircraft brokers [1]), representing sellers under a listing contract to widely share information about properties with other brokers who may represent potential buyers or wish to work with a seller's broker in ...
Chris McGuire, founder of Real Estate Exam Ninja, is a property investor, broker and Realtor licensed in several states with 20 years of experience. He’s seen enough vacant land frauds to know ...
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