I was out on tour yesterday looking at some new listings with some colleagues when we stopped at a house listed by a co-broke. After walking through the house and hearing a little bit about it, conversation turned to how things were going in the world of real estate. And soon it turned into a discussion of some scams that are occurring in our area.
I've heard and read about mortgage fraud, forged documents, and outright dishonesty about pre-approvals. But because I like to believe I live and work in an area that is somehow exempt from these sorts of activities, I listened with my jaw dropped as this agent told us of two recent scams she found herself involved in. My colleagues and I were stunned -- how do we deal with these situations?
I'm not sure yet what the answer is to that question, but yesterday served as a reminder that while we are each other's competition, we are also each other's best allies.
The more we communicate and work with each other, the better we can protect our buyers, sellers and ourselves from falling victim to one of these scam artists. And the more likely we will succeed at putting these ruthless activities to rest.