10. Scams (e.g., vacant land sale, wire fraud, rental scam with listings)...FOREWARN can help you to detect fake sellers, fake lawyers/paralegals, fake landlords and fake property managers. Google alerts for your name/brokerage/team and listing addresses can help detect fake landlords and property managers in the listing scrape rental scam and other issues. Contact the lawyers… Continue Reading Hotline Top Ten February 2023
https://landresellers.com/blog/how-to-avoid-land-selling-scams SCR offers FOREWARN for alternate contact for the deeded owner (e.g., phone, email, mail). The article mentions looking for the typical red flags (e.g., desire for quick discounted cash close) "too good to be true" aspect of scams and asking the potential scammer questions about the physical aspects of the land since many organized… Continue Reading Vacant Land Scams, Some Ways to Deter
IMPORTANT – COMPLIANCE: As a professionally licensed agent, you can use FOREWARN to verify the identity and potential risks associated with your business prospects. Please note that you must limit your FOREWARN searches to professional use only. FOREWARN is only to be used for verifying inbound prospects that have initiated the interaction, such as when… Continue Reading Risk Management – FOREWARN Compliance
https://llr.sc.gov/re/recpdf/Property-Condition-Disclosure-Statement-06.01.2023.pdf Posted by: Byron King on 03/09/23 (This information is only accurate as of 03/09/23. You must contact SCR for updates and changes to this information after 03/09/23 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org or email byron at screaltors.org) This information is not legal advice. This… Continue Reading LLR SCREC Posts the Seller Disclosure (Effective 6/1/2023 Version)
All SCR members have access to FOREWARN. Try to find contact information on the owners/sellers. FOREWARN has names, addresses, emails, and phone numbers. HOA has contact information on the owners/seller. Perhaps neighbors have contact information on the owners/sellers. Tax records have mail addresses and names. Quickly contact the owners/sellers via other various lanes of communication… Continue Reading Fake Sellers Land Sales Scammers
Time is critical for recovery...with the bank and FBI. Call early and often. https://www.fbi.gov/contact-us/field-offices SCR610 wire fraud form, consider using to educate consumers and agents and staff and paralegals and lawyers and lenders. https://screaltors.org/wp-content/uploads/Forms/610.pdf Consider regularly and properly changing all passwords. Using a two step authenticator (e.g., text code) login can help. Try to keep… Continue Reading Wire Fraud Reminder
https://www.nar.realtor/magazine/real-estate-news/technology/you-can-stop-ai-from-spreading-false-real-estate-info?utm_term=A535F674-1FE5-4DE7-86BF-2B71C40DD9BA&utm_campaign=3BFA9068-DFBC-477B-BC94-C168B9A999F1&nwsltr=navnar&utm_content=61A385D1-5680-4DAE-AD90-9AC99EB4219E Posted by: Byron King on 03/08/23 (This information is only accurate as of 03/08/23. You must contact SCR for updates and changes to this information after 03/08/23 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org or email byron at screaltors.org) This information is not legal advice. This… Continue Reading NAR ON AI IN RE
https://www.scbar.org/public/get-legal-help/common-legal-topics/domestic-violence/ Posted by: Byron King on 03/08/23 (This information is only accurate as of 03/08/23. You must contact SCR for updates and changes to this information after 03/08/23 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org or email byron at screaltors.org) This information is not legal advice. This… Continue Reading Domestic Violence
How can the seller limit the amount of dollars that the seller agrees to pay for the buyer's transaction costs? The hotline has been getting this question, the seller can counter offer $0 or a lower number of dollars in the blank (e.g., At Closing, Seller will pay Buyer's transaction costs not to exceed $… Continue Reading Seller’s Transaction Costs in SCR310
There are some tragic stories appearing online about fentanyl deaths in real estate properties (e.g., fentanyl material inadvertently/intentionally left behind to be discovered/encountered, fentanyl production via a clandestine laboratory in rental property, drug use, accidental contact/ingestion). ...see link below regarding potential legal actions regarding a toddler's death that experts believe was fentanyl caused by accidental… Continue Reading Fentanyl Opioids Risk Management, Issues, Employees, Contractors, Real Estate