Special offer
Brian Burkhalter, New to all this. (NA)

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Rainmaker
1,712,676
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

For the umteenth time it it it looks too good to be true it isn't true.

May 15, 2017 02:07 PM
Rainmaker
2,220,323
Anthony Acosta - ALLATLANTAcondos.com
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Joe Pryor has your answer.

May 15, 2017 06:17 PM
Rainmaker
5,772,575
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

We agree with Joe Pryor for the umpteenth time.  LOL

May 15, 2017 02:39 PM
Rainmaker
5,104,931
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

In 25 years I've not come across any real estate fraud. Stupid agents, yes. Outright fraud, no.

May 15, 2017 01:48 PM
Rainmaker
5,868,482
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

If it feels bad, too good to be true, it is a red flag.

May 18, 2017 07:52 AM
Rainmaker
1,725,996
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

Please check the archives here in Q & A, or better yet; ask your instructor.

May 17, 2017 06:56 AM
Ambassador
6,393,179
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Always deal locally, never mail the rent money to Africa.

May 16, 2017 10:37 PM
Rainer
2,590
Jacque Bruening
Realtypath - Salt Lake City, UT
Real Estate serving Salt Lake and surrounding area

Fraud is defined as: Intentional misrepresentation or concealment of information in order to deceive or mislead. It is a willful intent that is both immoral and illegal. Never sign anything unless you are familiar with the document. Real estate contracts, in particular, are often absolutely crammed with clauses, conditions and terms. It takes time to look everything over and ensure that all additions and amendments have been noted.

May 16, 2017 03:36 PM
Rainer
1,115
chris walls
grandmark - Temple City, CA
general real estate

Be able to listen and ask the appropriate questions to verify the situation.  Know what you can and can not do.

May 16, 2017 02:50 PM
Rainmaker
1,502,998
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Why would you document it to be spiteful?  That makes no sense.  Spiteful is done out of malice.  You should document it to protect yourself and your clients.  The best way to document is to put it on a piece of paper that your client physically signs.  People can claim to have not read/received emails or texts.  Docusign can be forged.  Physical signature, that can be proved forensically to tie to the signer if they ever claim they weren't the one signing.

May 16, 2017 11:25 AM
Rainmaker
1,466,207
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Brian Burkhalter Joe Pryor summed it up nicely.

May 16, 2017 09:56 AM
Ambassador
3,345,091
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

Being spiteful?  Huh?

It is reported because it is the RIGHT thing to do.

May 16, 2017 07:43 AM
Rainmaker
3,071,489
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Joe Pryor nailed this one!

May 16, 2017 06:31 AM
Rainmaker
4,882,355
Richard Weeks
Dallas, TX
REALTOR®, Broker

Offers substantially higher than list price.

Soft seconds.

High appraisals.

Document and notify officials is you suspect fraud.

 

May 16, 2017 05:36 AM
Rainmaker
1,617,916
Harry F. D'Elia III
WEDO Real Estate and Beyond, LLC - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

just do the right thing

May 16, 2017 05:29 AM
Rainmaker
4,800,082
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

If it seems fishy, it probably is.

May 16, 2017 05:28 AM
Rainmaker
1,543,634
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
CEO of Vision Drive Realty - Coastal San Diego

The #1 Red Flag is a BLUE Face.

May 16, 2017 05:01 AM
Rainmaker
4,434,127
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

You will know it when you see it

May 16, 2017 03:00 AM
Rainmaker
4,319,419
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Brian Burkhalter - you got it from Joe Pryor ...

May 15, 2017 10:19 PM
Ambassador
5,049,058
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Joe Pryor has the answer once again!

May 15, 2017 08:06 PM
Rainmaker
3,988,007
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

I select my clients carefully and do not have a problem with them trying to commit real estate fraud

May 15, 2017 07:40 PM
Rainmaker
864,658
Les & Sarah Oswald
Realty One Group - Eastvale, CA
Broker, Realtor and Investor

I always say...research, research and research. If it sounds too good to be true...double time on your research.

May 15, 2017 07:21 PM
Rainmaker
7,836,129
Roy Kelley
Retired - Gaithersburg, MD

Be alert for things that appear too good to be true.

May 15, 2017 06:13 PM
Rainmaker
3,986,258
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Please go and find these answers in past questions.

May 15, 2017 06:11 PM
Ambassador
2,684,009
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

 Answers here.

More answers here.

Still more answers here.

May 15, 2017 04:29 PM
Rainer
1,460
Brian Burkhalter
NA - Draper, UT
New to all this.

Thank you all for answering my questions. To those that answered rudly and their supported please dont respond if you going to be rude. I dont need that kind of help.

And for the umteenth time this is for SCHOOL.

 

Thanks again everyone.

May 15, 2017 03:24 PM
Rainmaker
5,216,398
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Be  honet and follow joe Pryor's advice! Some call it the smell test!

May 15, 2017 02:54 PM
Rainmaker
5,583,278
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

there's very little real estate fraud.... just use common sense and you'll never need to think about it...

May 15, 2017 02:45 PM
Rainmaker
3,416,038
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

One should concentrate on how to do it right then there would not be any red flags. For me if it looks or sounds too good to be true, it usually is. Your senses are the best detector of fraud

May 15, 2017 02:23 PM
Rainmaker
921,504
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

I am unsure what you mean by 'being spiteful.'

However, fraud never presents itself wearing a red suit, sprouting horns or carrying a pitch fork. Fraud comes in innocent, seemingly harmless forms.

Undisclosed buyers are a good start. Some cases it legit.

Cash buyers. Some cases it is legit.

Assigns. Some cases it is legit.

Plural same day closings. Some cases it is legit.

Prepayment. Have not seen a legit case of paying ahead. 

Sourced to Zillow. There's the spite.

May 15, 2017 02:05 PM
Rainmaker
2,781,163
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

When people don't give straight answers to simple forward questions is a first flag. After that, ones own diligence (responsibility) needs to kick in. 

May 15, 2017 01:59 PM