April 2017   Volume 43, Number 4      


Iowa Realtor Warns Agents about Email Scam

Wire fraud scams are a trending topic in real estate. However, Sue Dietz, CRS, a sales associate with RE/MAX Advantage Realty in Dubuque, Iowa, warns about a different type of scam. She says that scammers used her identity to create fake email addresses in her name and then sent fraudulent emails to offer referrals to other real estate agents.

The emails also contained fake contact information for Dietz. Unsuspecting recipients who responded to the emails were directed to download a file from Google Drive. However, the link was actually a link to a computer virus that allowed the scammers to scrape passwords and other personal information from her clients.

“Unfortunately, it is nearly impossible on the front end to prevent a fraudster from using your name in a scam,” says Jessica Edgerton, associate counsel for the National Association of REALTORS®. “If you are the victim of any kind of identity theft, the best course of action is to immediately contact the Federal Trade Commission, the FBI, and your local authorities.”

Edgerton recommends that real estate agents avoid using email to send sensitive or confidential information. Agents should also consider using two-factor (or multi-factor) authentication to protect their email accounts from hackers.

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In this issue:

Top U.S. Markets for Buying and Selling Real Estate

Big Institutions Sell off Commercial Real Estate

Fed Chair Says Rising Real Estate Prices Put Small Banks at Risk

Iowa Realtor Warns Agents about Email Scam

Mortgage Delinquencies Spike among Some Homeowners

Next-Generational Homes Are the Latest Real Estate Trend

Silicon Valley Is the Top U.S. Real Estate Market

Top Three Legal Issues Facing Brokers

Trump Cut Causes FHA Applications to Decline by 3.2 Percent

Real Estate Agents: Stop Commoditizing Your Services


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