Real estate fraud, along with the recent increase in identity theft, has become a major issue in the industry. This course identifies several types of real estate fraud schemes, both minor and major, and helps you, as a real estate professional, understand how you can protect and educate your clients on this growing problem.
Course highlights include:
- Details about property disclosures that are required in real estate transactions
- Statistics regarding fraud cases and the top 10 states with significant mortgage fraud problems
- An explanation of sub-prime lending and how it impacts mortgage fraud
- A summary of the steps of a purchase process that will help you identify where major buyer misrepresentation can occur
- A handout from the Federal Bureau of Investigation that will help you understand how "house stealing" can occur