Please wait as we prepare your PDF file ....

Mission Chronicle Blog

Search Blog

our goal is to help you stay informed by providing timely and interesting articles.

NAR warns members about conference email scam

10/23/2019

Download PDF

The National Association of Realtors (NAR) warned its members Wednesday about an ongoing scam that fraudulently asks recipients to register for an upcoming conference.

The scam involves an email that, according to a NAR statement, includes a subject line inviting people to “Register for the 2019 REALTORS Conference.” However, the email is in fact a fake from a Comcast address, though it “displays as if it was from NAR,” according to the statement.

Any real estate professionals who have received the email should take a screenshot of it and report it the FBI. NAR has also already alerted the FBI about the message.

Though Inman has not had the opportunity to review the message itself, it appears to bear many hallmarks of a phishing scam. Phishing involves criminals sending someone a fake email that looks legitimate. When the recipient clicks on the email or eventually enters personal information, believing the request to be real, the scammer is then able to collect sensitive data.

Earlier this year, federal officials warned that there had been a 1,100% rise in real estate phishing scams. Collectively, such scams led to a $1 billion loss in real estate transactions in 2017 alone.

A report released late last year further explained that real estate companies are often prime targets for scammers because, among other reasons, they handle large online financial transactions.

The single most important ingredient for leads Leads need the one thing they’re not getting — until now READ MORE

The stakes in such scams can be huge. Last December, for example, an Oregon man lost his entire downpayment when he followed money wiring instructions that had been sent to him by a scammer. The instructions arrived in an email that appeared to be from his title company.

(In that case, the title company eventually hired the man so that he could recoup his lost downpayment, though that kind of happy ending is the exception rather than the rule in such incidents.)

In the case of the current scam, NAR advises potential targets to look closely at the details of their messages.

“One sign of the email’s fraudulent nature is that the subject line does not include the registration mark after the word REALTORS®,” the organization explained Wednesday. “Emails from NAR will always include the mark. Scammers may include it, so recipients should always be alert to verify the email using the address and other information, but if it is not there, it is not an official NAR communication.”

Email Jim Dalrymple II

Source: click here

Read More

INSPIRED, INTELLIGENT, INSIGHTFULL

STAY INFORMED WITH TIMELY AND INTERESTING ARTICLES FROM OUR BLOG, MISSION CHRONICLE. OUR ASPIRATION IS TO PROVIDE REALTORS AND OTHER REAL ESTATE INDUSTRY PROFESSIONALS WITH EXCEPTIONAL RESOURCES AND SHARE OUR KNOWLEDGE TO PROPEL YOU TO YOUR GOALS.

  • Mission Chronicle Newsletter July 24, 2023

    Mortgage rates continued to press downward last week after the previous week's CPI data pointed to e...

  • Mission Chronicle Newsletter Feb 20, 2023

    Despite the recent downward trend in mortgage rates and hopes that the Fed was nearing the end of it...

  • Mission Chronicle Newsletter Feb 6, 2023

    The Federal Reserve meeting ended as market participants expected, with a quarter-point increase and...

  • Mission Chronicle Newsletter Dec 26, 2022

    Mortgage rates held relatively steady last week as most economic news came in better than expected.C...

  • Mission Chronicle Newsletter Dec 12, 2022

    Rates managed to move slightly downward last week as recession fears grew amid hopes that the Fedis ...

  • Mission Chronicle Newsletter Dec 5th 2022

    Mission Chronicle Newsletter Dec 5th 2022. Platforms: Browser, mobile-responsiveIdeal for: Leasing a...

  • Inman Review: Tenants and leasing teams get better connected with RentTango

    Have suggestions for products that you’d like to see reviewed by our real estate technology ex...

  • Tech Review: Smart Alto puts people first in its innovative lead qualification solution

    Have suggestions for products that you’d like to see reviewed by our real estate technology ex...

  • Refreshed and nurture-savvy, Market Leader’s CRM deserves your attention

    Have suggestions for products that you’d like to see reviewed by our real estate technology ex...

  • The top 4 tips to improve your negotiation skills

    In today’s luxury real estate market, strong negotiation skills are an asset—you might even say ...

October 2024
Mon Tue Wed Thu Fri Sat Sun
 123456
78910111213
14151617181920
21222324252627
28293031  

  • Polls

    What information you are looking for?

    View Results

    Loading ... Loading ...
  • Last month Results

    How Is My Site?

    • Good (100%, 3 Votes)
    • Excellent (0%, 0 Votes)
    • Bad (0%, 0 Votes)
    • Can Be Improved (0%, 0 Votes)
    • No Comments (0%, 0 Votes)

    Total Voters: 3

    Vote

    Loading ... Loading ...