Millions of Americans are being duped by scam artists to buy homes or other property for a profit, according to a new report from NBC News.
The new report, titled “Real Estate Scams: What to Do When a Scammer Calls and Tells You They’re Selling Real Estate for $14,000 or More,” details how real estate brokers are often selling property for as little as $14k, with the typical commission ranging between 10-15 percent.
The report also outlines how fake brokers can scam consumers into buying a home or other real estate with a fake name, or a real estate agent posing as a realtor or real estate broker.
The NBC News investigation found that in 2017, more than $6.6 billion in real estate transactions were completed through fake or fraudulent brokers.
The latest scam is taking place on the West Coast.
The California attorney general recently issued a subpoena to investigate a scamming scheme targeting consumers in Los Angeles and Orange counties, where a fake realtor is posing as an agent.
California Attorney General Xavier Becerra said in a statement that his office is also investigating a California real estate fraud scheme targeting California homeowners.
The attorney general’s office is investigating several real estate scams that involve a fraudulent agent posing himself as a homeowner.
Real estate agents are the primary way that real estate developers sell homes and other real property to unsuspecting consumers, and they can make huge profits by selling them at inflated prices.
The real estate scam is so prevalent that many homeowners don’t even realize that they’re being dupes, according a study from Credit Suisse, a global credit analysis and consulting firm.
According to the report, the vast majority of real estate agents will tell consumers that they are licensed to sell real estate.
However, the majority of the fake agents are licensed as real estate salespeople.
The average commission charged by real estate investors varies from 5-15%.
Real estate salesperson scams are typically done by agents posing as realtors, real estate managers or agents from real estate companies, and many agents will say that the property they’re selling is for sale, the report states.
Many real estate schemes rely on deception to attract buyers and sellers.
For example, many real estate websites offer incentives for potential buyers to visit the website, such as free shipping, and then pay an upfront fee to purchase a property.
Other incentives include free delivery and discounts.
Real Estate Insider found that many realtoring websites do not disclose that realtor agents are also real estate professionals, and that realtores often claim to have more than 30 years of realtor experience.
Realtoring sites also often offer promotions for real estate listings.
The websites often offer free shipping or free delivery to make it appear that they have more people on the list than they actually do.
The fake agents can also use a number of tactics to convince potential buyers that they can sell the property for much more than the asking price, including using the home’s history to make the purchase appear more desirable.
For instance, realtorettes may claim to own the property in question, or claim that the buyer was referred to them by a friend or family member.
In some cases, the realtor may also use social media to promote the property, such on Facebook, Instagram or Twitter.
In other cases, realtor will claim to be the “first buyer,” and they will offer discounts on the property to potential buyers.
RealtyScams.com analyzed listings of realtored properties from the first quarter of 2018 through the third quarter of 2019, and found that the vast bulk of realestate scams are carried out by realtorturers and real estate buyers.
Many of these scamsters use fake online profiles to claim to live in the home, such the property is a vacation home, a vacation property or a vacation rental property.
In addition to using fake social media accounts, many scammer websites include links to fake properties that appear to be located in the same cities and counties.
In some cases the realtor and the real estate company may attempt to use a third-party agency to obtain the property.
For instance, a realtorer may contact the real owner of the property through an agency that represents the realty company.
The real estate agency may then use the agent to negotiate a sale.
Realtor Scams.net analyzed more than 8,000 real estate deals from the third-quarter of 2018, and identified 3,300 instances where the realist and realtor misrepresented the home location or location information of the home.
The majority of scammer transactions are conducted by agents who are licensed realtourists and realtoyers.
The vast majority (95%) of scam cases are related to the sale of vacation homes, vacation rentals and vacation condominiums, according the report.
A realtor’s business card can often be mistaken for a real agent’s business cards.
In the case of real estates, the scammer’s phone number, home address, date of birth