The hottest topic is a new cryptocurrency scam targeting real estate professionals. The Secret Service reached out to NAR last week to alert us to this scam in which some agents have lost significant sums, including their entire retirement accounts. The June Window to the Law will cover this topic, but in the meantime, please review the Hot Topics for details and best practices, and alert your members.
Next, deed fraud in its many forms continues to spread. NAR conducted an informal survey of Government Affairs Directors, state counsel and AEs and here are some highlights:
- 63% of respondents reported awareness of such fraud in their markets within the past 12 months.
- Efforts to combat title fraud and deed theft are in place in 76% of respondents’ areas, predominantly at the state level through internal REALTOR® association policies and state legislation.
- The most effective perceived solution is an electronic notification system for property owners, supported by 83% of respondents.
Finally, be sure to register for the next quarterly Risk Management Webinar on "Social Engineering Traps – and How to Avoid Them" on July 1 at 1 pm CT. The webinar will be recorded, and all registrants will receive the replay. Register here: https://realtors.zoom.us/webinar/register/WN_ioq4ywveSGixbL45kPe8Eg
This information is only accurate as of 5/30/25. You must contact SCR for updates and changes to this information after 5/30/25 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 information is intended only to provide general information and may not be relied upon as specific legal guidance. Legal counsel should always be consulted before acting in reliance on this information.