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Rainmaker
2,462,669
Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
Los Angeles Pasadena Area Real Estate 818.516.4393

It must be the start of a new semester....

Mar 23, 2017 12:49 AM
Rainmaker
1,690,052
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Waxhaw/Fort Mill Area Realtor

This question has been asked and answered more times than I can count recently right here in AR. I suggest you check on past responses and maybe do some more research on your own and then write a blog post about what you learned. You will learn, retain, and understand much more that way.

Mar 23, 2017 04:00 AM
Rainmaker
537,586
Thomas J. Nelson, Realtor, CRS
Big Block Realty 858.232.8722 - La Jolla, CA
Co-Host of Mail-Right's: Real Estate Agent Podcast

 

Agents that look like this...

Sorry, had to have some fun... this question gets asked weekly by students, it's best to look in the Q&A achieves for commonly asked questions.

Mar 23, 2017 06:14 AM
Rainmaker
114,614
Diana White-Pettis
Exit Bennett Realty - Upper Marlboro, MD
GRI, CDPE, CNE, Upper Marlboro Homes for Sale

Any deal that seems too good to be true.

Mar 22, 2017 09:25 PM
Rainmaker
1,461,663
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Seller's Disclosure

Mar 23, 2017 03:12 AM
Rainmaker
2,108,364
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

If it sounds too good to be true, then it usually is

Mar 23, 2017 03:05 AM
Rainmaker
424,897
Tony Lewis
RE/MAX of Valencia (Hall of Fame) 30 year Valencia Resident - Valencia, CA
RE/MAX Valencia, Stevenson Ranch, Santa Clarita

Evasiveness, quick talking without answer the questions.

Mar 22, 2017 09:05 PM
Rainmaker
779,737
Ryan Huggins - Thousand Oaks, CA
www.HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

A school pretending to educate you by sending you to us to teach you.

 

Nothing against you, but we really would like to get the school's number so we can tell them to do their own education.

Mar 23, 2017 01:33 PM
Ambassador
2,668,238
Bob Crane
Woodland Management Service - Stevens Point, WI
Forestland Experts! 715-204-9671

"Please head on down to western union and wire the money to me in Africa where I am doing missionary work"

Mar 23, 2017 10:10 AM
Rainmaker
2,252,607
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale - Probate Broker

When when knows their craft the red flags can easily be seen ... far too often ignored. 

Mar 23, 2017 09:55 AM
Rainmaker
266,359
Jack Lewitz
IL Real Estate Specialists - Evanston, IL

I knew someone that accepted a brown paper bag of money to use for her downpayment. The money came from the seller and seller agent. I would say that is a huge Red Flag.

 

Mar 23, 2017 09:32 AM
Ambassador
930,819
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

If the flag is red run away.

Mar 23, 2017 05:19 AM
Rainmaker
805,259
Corinne Guest, Managing Broker
Barrington Realty Company - Barrington, IL
The Choice of Professionals

Common sense.

Mar 23, 2017 05:15 AM
Rainmaker
3,482,068
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

If it looks too good to be true, it probably is.

Mar 23, 2017 05:08 AM
Rainmaker
2,130,368
Tony and Suzanne Marriott, Associate Brokers
Haven Express @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

Michael Jacobs nailed this one!

Mar 23, 2017 04:36 AM
Rainmaker
161,959
Dennis Swartz
Rickert Property Management - Columbus, OH
ABR, CRB, CRS, GRI, MBA...experience counts!

A deal that seems to good to be true, or documents with changes or kickbacks.

Mar 23, 2017 03:03 AM
Rainmaker
698,669
Troy Erickson
Diverse Solutions Realty www.ChandlerRealEstate.weebly.com - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Bryson - Everything everybody else said, plus, if there is anything that makes you think something could be fraudulent, talk to your broker immediately. Sometimes you just get this feeling that something is not right.

Mar 22, 2017 11:14 PM
Ambassador
1,636,247
Fred Griffin
Frederick Griffin, Exclusive Buyer's Broker - Tallahassee, FL
Licensed Florida Real Estate Broker

  Wrap around mortgages, we pay cash for houses, lease to own, bounced deposit checks, no title insurance.

Mar 23, 2017 12:34 PM
Rainmaker
2,070,080
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Double talk, non responsiveness, evasiveness and lack of transparency

Mar 23, 2017 10:46 AM
Rainmaker
3,526,905
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
"Franklin MA Homes"

just remember, do unto others and you won't get in trouble.... and use common sense....

Mar 23, 2017 08:27 AM
Rainmaker
415,295
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise, Meridian, Ada/Canyon/Gem/Boise Counties

Have a good knowlege of your state and federal law and then the red flags will be obvious.

Mar 23, 2017 07:24 AM
Rainmaker
2,028,320
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker

Michael Jacobs hit this one on the head!

Mar 23, 2017 06:54 AM
Rainmaker
1,196,248
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Bryson Lawrence Bait and switch.

Mar 23, 2017 06:44 AM
Rainmaker
1,185,534
Sandy Padula and Norm Padula, JD, GRI NMLS#1483386
Allison James Estates & Homes & Realty One - Carlsbad, CA
Presence,Persistence & Perseverance

Read Chapter 6, Avoiding Fraud

Mar 23, 2017 06:29 AM
Rainmaker
510,789
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Buyer not identifiable.

Assignable

Over list, not seen.

Being purchased by some form of royalty.

Unsolicitedoffer.

Eventually requires a payment of some kind..

Of course I have to answer a question from someone with the name "Lawrence."

Mar 23, 2017 05:59 AM
Rainmaker
1,964,360
Richard Weeks
Dallas, TX
REALTOR®, Broker

Soft seconds, offers significantly over list price, questionable appraisals.

Mar 23, 2017 05:06 AM
Rainmaker
571,503
Olga Simoncelli
Veritas Prime, LLC - New Fairfield, CT
Broker-Owner, RE Consultant, Licensed in CT & NY

Fraud can be difficult to detect, unfortunately. In credit, for example, that is the one area against which banks can't protect themselves if borrowers present fraudulent informations.

Mar 23, 2017 04:48 AM
Rainmaker
3,776,185
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Be  alert for scams.

Mar 23, 2017 03:29 AM
Ambassador
3,170,408
Praful Thakkar
Keller Williams Realty - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Bryson Lawrence - cool few answers here.

Anything that sounds too good to be true...

Mar 22, 2017 10:10 PM
Rainmaker
2,988,544
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding and Marketing

Bryson,

You have excellent answers here. 

Mar 22, 2017 09:46 PM
Ambassador
1,458,263
Harry F. D'Elia
Real Estate and Beyond, LLC - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

just do the right thing

Mar 25, 2017 06:24 AM
Rainmaker
2,007,678
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Always about bedrooms without closets.

 

Mar 24, 2017 02:23 PM
Rainmaker
1,046,673
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Los Angeles CA

#1 agent with no experience. If both principals are represented knowledgeable ethical agents ( or dual agency) all should be fine.

Mar 23, 2017 10:33 PM
Ambassador
1,790,768
Debe Maxwell, CRS
www.AtHomesCharlotte.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

We really do need Q&A archives here or the instructor needs to be fired - he/she should be giving you this information in class! 

Mar 23, 2017 10:19 PM
Ambassador
2,904,985
Debbie Reynolds
Berkshire Hathaway HomeServices PenFed Realty, Your Clarksville Real Estate Professional - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

If it seems ot good to be true, it probably is.

Mar 23, 2017 07:49 PM
Rainmaker
252,443
Nathan Gesner
American West Realty & Management - Cody, WY
Broker / Property Manager

One of my favorite signs:

Mar 23, 2017 07:43 PM
Ambassador
2,996,948
Jeff Dowler
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude - Carlsbad

Common sense should tell you in most cases. Things that seem too good to b

Mar 23, 2017 07:19 PM
Rainmaker
3,349,148
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

There are many

Mar 23, 2017 05:52 PM
Ambassador
2,700,380
Chris Ann Cleland
Long and Foster REALTORS®, Manassas, VA - Bristow, VA
Associate Broker, Northern VA

Here's one I just heard.  A lender that told unrelated buyers and sellers that they could claim in the contract they were related so the sellers could "gift" money to the buyers so they would have down payment money.  HUGE red flag.

Mar 23, 2017 02:30 PM