What are the most effective strategies to prevent real estate wire fraud?
What are the most effective strategies to prevent real estate wire fraud?
Prevention of real estate wire fraud requires a proactive approach. Key strategies include:
- Secure Verification: Always confirm wire transfer instructions using a known contact number.
- Encrypted Communication: Utilize secure platforms for sensitive transactions.
- Education: Regularly update yourself and clients about fraud tactics and prevention.
By adopting these measures, individuals and agents alike can protect themselves against potential fraud attempts.