This document outlines 4 common real estate scams and provides advice on how to protect oneself. Scam 1 involves a foreign buyer asking for help purchasing a property but then not following through with payment. Scam 2 has fraudulent property listings posted online to collect application fees. Scam 3 is a local buyer claiming they can make a cash payment but never wire transferring funds. Scam 4 has scammers casing open houses to later rob the properties. The advice includes verifying buyers' identities, following normal broker procedures, monitoring online listings, and ensuring all entry points are securely locked during showings.

1. 4
3
2
1
Scam 1
Scam 2
Scam 3
Scam 4

2. 1 Scam 1
2 Scam 2
3 Scam 3
4
Types of scam
scam 44

3. The best tools for
shielding yourself
against these
themes is to be
aware of the fact.
Real estate Scam?
Real estate companies
regularly receive
information on real estate
scam from customers who
were affected by the
scandals or know other
people who were victims
to the scam

4.  Purchaser from another country and he calls you to assist
him buy one.
 The person says he is affluent, and he is from an affluent
family.
 The person conveys his plan to relocate to the vicinity
because he is a surgeon at a hospital in the area.
 Claims that he is residing in a nearby luxury hotel.
 The buyer’s relative is desperate requiring your financial
help just until the buyer could be reached.
what one can do?
 Many scams include some person who appears to be desperate to purchase
the property.
 If you are emotionally thinking about the situation, one has to put forth the
question, what would the broker do?
 If one suspects that buyer and his family are scammers, endeavor to
document as much information as possible and report the scenario to higher
authorities.

5.  There are property listings that are fraudulently posted on
websites.
 During such an instance, customers were encouraged to
send money to an account in exchange for real contract or
keys.
what one can do?
customers on the Do’s and Don’ts if transaction over the net.
 You have to set up a Google Alert on the addresses of the listings
to watch out for the internet postings related to the properties.
 If you find any fraudulent postings, post a complaint.
 In case you find fraudulent postings on Craigslist.com, forward
the property link from that site to Real comp.
 They will ensure that the listings are removed.

6.  A local buyer’s agent before going home.
 He will make cash payment and they request quick closing
of the deal.
 The purchaser may furnish copies of foreign bank
statements that reveal sufficient funds for the purchase of
the property.
 However, a proper wire transfer never occurs. But, as a
matter of fact, the buyer requests to retain the keys
before the closing of the deal.
what one can do?
 Take the necessary steps to assure that the person is legal
 Follow the normal methods established by the broker, do not make
exceptions to the process.

7.  The scammers make an arrangement to observe the listed
properties.
 During the showings, they will test opening and closing
windows and doors, and in fact leaving one among the
entries unlocked.
 Then, they return to the property to rob you off the
appliances.
what one can do?
 Make sure that all the windows and doors are locked before you
leave a showing even if it looks like a buyer has already done that.
 Also, have in mind that MLS subscribers should never reveal
lockbox codes to any other person than MLS subscribers.

8. ZACK CHILDRESS
Zack Childress, real estate investor and multifaceted real estate kingpin
has staged a number of seminars regarding the existing real estate
scenario. One could listen to his seminars to be aware of the real estate
scams.