From NAR
Wire fraud is a serious threat in real estate, especially for first-time buyers unfamiliar with the closing process. Scammers often pose as agents or title companies to trick buyers into wiring money to fake accounts—leading to major financial loss.
What to Know:
- Vulnerability – First-time buyers are common targets.
- Scam Tactics – Criminals spoof emails and texts to mislead.
- Preventive Measures – Encourage clients to verify all wire instructions through a trusted contact.
Stay alert and help your clients protect their investment with simple, proactive steps.
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