Reducing the Risk of Real Estate Wire Fraud

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Our friend and technical guru has released a fantastic free resource for REALTORS.  Real estate transaction wire fraud threatens to damage the reputation of the real estate industry. He recognized that many summaries lacked specific guidance, and as such, created a paper providing information relevant for all those directly involved working with the consumer during the transaction.

The paper includes best practices – sample procedures and communications gathered from franchises, brokers, title companies and others. It also includes a sample company policy Clareity Consulting has created based on both these best practices and on our experience advising brokerages and other companies regarding information security. Not all aspects of this paper will apply to all companies involved in the transaction, and what is relevant will still need to be tailored to an individual company’s business processes. Still, it provides a valuable starting place toward reducing the risk of wire fraud.

Please download the paper here, in Adobe Acrobat format:  Reducing the Risk of Real Estate Wire Fraud