What are the red flags that a buyer, seller, and agent should look out for in avoiding real estate fraud?

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Rainmaker
5,218,588

Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Realtor

Don't know... have never faced a fraud situation in 25 years. Don't even think about it. BTW, who are you?

Nov 03, 2016 05:50 AM

Upvote

2

Debbie Laity

Cedaredge, CO
Michael Jacobs

Pasadena, CA

Rainmaker
5,583,758

Barbara Todaro

RE/MAX Executive Realty - Happily Retired - Franklin, MA

Previously Affiliated with The Todaro Team

I've been in the business for 38 years and have never run into a fraudulent situation.... nor will you in all probability.... don't worry about this...learn to market and make your phone ring.....you won't have time to think about fraud.

Nov 03, 2016 06:27 AM

Upvote

1

Michael Jacobs

Pasadena, CA

Rainmaker
2,071,135

Evelina Tsigelnitskaya

SIB Realty - Sunny Isles Beach, FL

No idea.

Jun 16, 2019 08:00 AM

Upvote

Rainmaker
1,598,552

Valeria Mola

SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL

305-607-0709 SIB Realty Condos for Sale and Rent

What the answers!

Jun 16, 2019 07:54 AM

Upvote

Rainer
368,326

Raoul Loustaunau

EXP REALTY - Phoenix, AZ

urhomefinder.com myvaluetoday.com

I have never been part of that kind of transaction, i would be looking more for this on sales owner to owner, to me if you don't use title co. ; I mean the buyer picks the title company of their choice to do this type of transaction from owner to owner you are just leaving yourself open to problems. if you are going to do a seller carry i also would use a title company that handles that type of transaction to protect both parties . but just my opinion

Nov 22, 2016 12:41 AM

Upvote

Rainmaker
2,234,243

Debbie Laity

CinaJones Real Estate - Cedaredge, CO

Your Real Estate Resource for Delta County

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

Nov 06, 2016 08:01 AM

Upvote

Rainmaker
4,800,232

Gabe Sanders

Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL

Stuart Florida Real Estate

If it sounds too good to be true, it's probably fraud.

Nov 05, 2016 11:28 PM

Upvote

Rainmaker
1,618,024

Harry F. D'Elia III

WEDO Real Estate and Beyond, LLC - Phoenix, AZ

Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

It is best to follow the rules

Nov 05, 2016 10:46 PM

Upvote

Rainmaker
1,526,824

Ryan Huggins - Thousand Oaks, CA

https://HugginsHomes.com - Thousand Oaks, CA

Residential Real Estate and Investment Properties

REPORTED VIOLATION OF RULES!

Nov 04, 2016 06:05 AM

Upvote

Rainmaker
1,742,627

Sandy Padula & Norm Padula, JD, GRI

HomeSmart Realty West & Florida Realty Investments - , CA

Presence, Persistence & Perseverance

Chapter 6, Fraud in Real Estate

Nov 03, 2016 10:16 PM

Upvote

Rainmaker
2,409,760

Lise Howe

Keller Williams Capital Properties - Washington, DC

Assoc. Broker in DC, MD, VA and attorney in DC

honestly I think the biggest red flag for an agent to avoid real estate fraud is to find a real estate school that actually teaches the material - Sorry, but this question is sad.

Nov 03, 2016 09:38 PM

Upvote

Rainmaker
4,667,826

Michael Jacobs

Pasadena, CA

Pasadena And Southern California 818.516.4393

Hello Christopher --- generally when it's too good to be true...

Nov 03, 2016 09:37 PM

Upvote

Rainmaker
4,321,300

Praful Thakkar

LAER Realty Partners - Burlington, MA

Metro Boston Homes For Sale

Anyone doing unethical thing - not telling the truth, hiding something etc.

Nov 03, 2016 04:44 PM

Upvote

Ambassador
2,695,430

Fred Griffin Florida Real Estate

Fred Griffin Real Estate - Tallahassee, FL

Licensed Florida Real Estate Broker

Bounced deposit check.

Nov 03, 2016 12:02 PM

Upvote

Rainmaker
3,988,113

Debbie Reynolds, C21 Platinum Properties

Platinum Properties- (931)771-9070 - Clarksville, TN

The Dedicated Clarksville TN Realtor-(931)320-6730

If it sounds too good to be true, it probably is.

Nov 03, 2016 10:15 AM

Upvote

Rainmaker
3,416,159

Scott Godzyk

Godzyk Real Estate Services - Manchester, NH

One of the Manchester NH's area Leading Agents

The biggest red flag is seeing a question asked anonymously. Part of the benefit of AR is interacting with those who ask and answer questions which you cant do when you hide your identity

Nov 03, 2016 09:25 AM

Upvote

Rainmaker
5,180,050

Dorie Dillard Austin TX

Coldwell Banker Realty ~ 512.750.6899 - Austin, TX

NW Austin ~ Canyon Creek and Spicewood/Balcones

Barbara Todaro is right..probably not going to experience it..I've had it onece but recognized the scam right away. As Barbara says "Learn to market and make your phone ring.....you won't have time to think about fraud!"

Nov 03, 2016 09:23 AM

Upvote

Rainmaker
914,743

Olga Simoncelli

Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT

CONSULTANT, Real Estate Services & Risk Management

Unlawful behaviour, but the trick is you have to know the law and the rules!

Nov 03, 2016 08:05 AM

Upvote

Rainmaker
921,504

Annette Lawrence , Palm Harbor, FL 727-420-4041

ReMax Realtec Group - Palm Harbor, FL

Making FLORIDA Real Estate EZ

Early move in.

Checks in the mail.

Send all correspondence to my Attorney in Thailand.

I will reimburse you for these costs.

Or assigns

Send $2,500 so we can set up your account portal. You will be reimbursed at closing.

I'm from the government and I'm here to help

The list is endless.

Nov 03, 2016 06:39 AM

Upvote

Rainmaker
1,466,257

Michael Setunsky

Woodbridge, VA

Your Commercial Real Estate Link to Northern VA

Bait and switch.

Nov 03, 2016 06:13 AM

Upvote

Rainmaker
4,273,313

Paul S. Henderson, REALTOR®, CRS

Fathom Realty Washington LLC - Tacoma, WA

South Puget Sound Washington Agent/Broker!

If its to good to be true and not in writing BIG RED FLAG.

Nov 03, 2016 06:08 AM

Upvote

Rainmaker
2,819,618

Richie Alan Naggar

people first...then business Ran Right Realty - Riverside, CA

agent & author

lack of Transparency and poor communication may equal shenanigans

Nov 03, 2016 05:26 AM

Upvote

Rainmaker
5,034,170

Richard Weeks

Dallas, TX

REALTOR®, Broker

Soft seconds, and offers much higher then list price.

Nov 03, 2016 05:16 AM

Upvote

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Don't know... have never faced a fraud situation in 25 years. Don't even think about it. BTW, who are you?
I've been in the business for 38 years and have never run into a fraudulent situation.... nor will you in all probability.... don't worry about this...learn to market and make your phone ring.....you won't have time to think about fraud.
I have never been part of that kind of transaction, i would be looking more for this on sales owner to owner, to me if you don't use title co. ; I mean the buyer picks the title company of their choice to do this type of transaction from owner to owner you are just leaving yourself open to problems. if you are going to do a seller carry i also would use a title company that handles that type of transaction to protect both parties . but just my opinion
honestly I think the biggest red flag for an agent to avoid real estate fraud is to find a real estate school that actually teaches the material - Sorry, but this question is sad.
Hello Christopher --- generally when it's too good to be true...
Anyone doing unethical thing - not telling the truth, hiding something etc.
The biggest red flag is seeing a question asked anonymously. Part of the benefit of AR is interacting with those who ask and answer questions which you cant do when you hide your identity
Barbara Todaro is right..probably not going to experience it..I've had it onece but recognized the scam right away. As Barbara says "Learn to market and make your phone ring.....you won't have time to think about fraud!"
Unlawful behaviour, but the trick is you have to know the law and the rules!
Early move in.

Checks in the mail.

Send all correspondence to my Attorney in Thailand.

I will reimburse you for these costs.

Or assigns

Send $2,500 so we can set up your account portal. You will be reimbursed at closing.

I'm from the government and I'm here to help

The list is endless.
lack of Transparency and poor communication may equal shenanigans