Real estate fraud cost the industry approximately $3 billion last year. To put that figure in tangible terms, that’s an extra $1270 in the pocket of each and every one of the 2.5 million licensed real estate agents in the U.S. every year. Not a bad bonus, eh? Ralph Roberts, one of the most successful agents in the country for the past 12 years, is undertaking a complex battle against this entrenched criminality, particularly on the mortgage side, and this week he joins us to discuss how the effort is progressing. If you’ve ever wondered which steps in the transaction are in danger of being vultured by those with less scruples, or you want to make sure the mortgage arm of your closing process is 100% above board when it comes to the sale or purchase of a home, tune into this Counseling Call and learn:
- The hottest news in the real estate industry regarding fraud, from an insider’s perspective.
- The ruinous effects of fraud, on customers and agents alike, and the strides being made to reverse this ill-gotten gain.
- Why fraud has steadily increased within the industry over the past decade, and what the plans are to curb this trend.
- The most common types of fraud, and how you can spot and effectively ‘disarm’ them.
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