How to spot a fake realtor

Fake real estate agents seem to be growing in numbers despite the strict laws that govern the sale purchase of any property. While this may not be the news you want to hear prior to buying a home and moving in with the help of best movers in Florida, it is best that you are aware of the truth. Namely, there have been many recent cases of crooks deceiving property owners as well as buyers by posing as registered real estate negotiators. So, the question stands: how can you spot a fake realtor? We will now explain.

Telltale signs that will help you spot a fake realtor

There are four simple yet common signs that will help you avoid fraudulent transactions:

1. The landlords are out of the country

So, the realtor may seem great, and all is going perfectly well. However, when it comes the time to meet the landlords, it turns out they are not there. Know that this is likely a con. Especially if the realtor is asking you to transfer money in an account. To get out of this, say that you cannot proceed without seeing the landlords, even if there are other buyers willing to offer the money and take the place.

A man looking at his computer with concern
Trust your nose in order to spot a fake realtor.

2. Foreclosure home

This is a case where a fake agent is selling a foreclosed on a home. The scammer will break in a home and will take you on a tour. The moment you show interest, the ‘agent’ will ask for a tiny token deposit to close the deal before someone else supposedly gets ahead. In order to avoid this scam, make sure that you do not pay anything without a contract. And when presented with one, make sure that you read it thoroughly. Do not sign anything that seems fake.

3. Sudden drops in price

When a fake agent realizes you are not interested, they might cheapen the deal by sharing insightful knowledge of some pre-determined price drops. In other cases, they can also play other tricks to make you believe that you are getting the same home for much less. As is with the majority of other things, if it seems too good to be true, it probably is. Even if you find movers Oakland Park FL that seem perfect, you want to check their credentials. Don’t worry, a trustworthy company will be able to tell all that you need to know regarding their legitimate service.

4. Their Real Estate Authority Tag

Here are the signs of it:

  • the tag comes in two colors: red (denoting that the bearer of the tag is a Real Estate Negotiator or a Probationary Estate Agent) and blue (identifying the tag bearer as a Registered Estate Agent)
  • it needs to have a QR code. You can use your smartphone and verify that the negotiator is legitimate.
  • agency. Always check on the name of the agency that the negotiator is registered with. It is easy to spot a fake realtor if the agency’s name does not show up on Google.
  • REN name. There are two names on the card, one being the name used by the negotiator in conducting business, and the other is the full birth name in accordance with the individual’s NRIC.
  • REN number. Every Real Estate Negotiator is assigned with a unique REN number. This number needs to be displayed in all forms of communication and marketing collaterals.

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