Wire Fraud Advisory

Fraud Alert

Wire fraud is unfortunately a growing problem in real estate.  It starts when a hacker gains access to an agent's email account through a captured password which they then use to monitor the agent's emails to gather info about buyers.  As a closing approaches, they then send an email to the buyer that appears to be from the agent but contains instructions to wire funds to the hacker's account.

View the NAR video below to learn more about wire fraud and how you can help protect yourself and your buyers.  A shorter version you can show or send to buyers is available at: https://www.youtube.com/watch?v=amPQEO1n1rM

NAR also recommends that REALTORS consider adding the following wire fraud warning to your email signature: https://www.nar.realtor/law-and-ethics/wire-fraud-email-notice-template