Cyber Crime Continues, Education is Needed

January 30, 2020
Brokers around the country tell horror stories about buyers losing hefty deposits to hackers posing as real estate agents, mortgage lenders, or escrow company representatives. Some 11,300 people were victims of wire fraud in the real estate and rental sector in 2018, representing a 17 percent increase compared to 2017, according to FBI data. Losses…To read more — login/sign up

 

Pocket Listings to Go Away in 2020

January 16, 2020
Realtors and consumer advocates long have argued that there’s no place in the industry for pocket listings, those properties that are for sale but don’t appear in the multiple listing service. In November, the National Association of Realtors moved definitively to end pocket listings. NAR’s board of directors voted 729-70 to forbid the contentious marketing…To read more — login/sign up

 

Lawsuits Illustrate New Legal Risks from Marketing by Text Message

June 13, 2019
Realogy Corp. and two brokerages in Florida are defending themselves against potentially costly allegations that, in the course of marketing homes, their agents sent text messages in a manner that broke federal law. The Telephone Consumer Protection Act (TCPA) prohibits sending text messages using auto dialers without first getting consumer consent and giving the consumer…To read more — login/sign up