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Real Estate Guide to Identity Theft
In the world of mobile phones and social media, gaining access to one’s personal information is easier than ever. Many professionals publish their full name, birthday, and home/work addresses to sound more authentic. However, identity thieves may not even need this much information to do their job.
Real estate professionals work with a lot of people and companies on a daily basis, so they need to be very careful with how they share their personal information, and more importantly, that of their clients.
In this article, I am going to define identity theft and discuss its implications for real estate agents and brokers. Also, I will provide some tips at the end on how to prevent being subjected to identity theft.
What Is Identity Theft?Like most crimes, identity theft is a broad term and may cover a wide range of illegal and harmful activities. Most commonly, identity theft is when someone steals your personal information and uses it without your approval.
It is very common in the deals or transactions that are too risky for one party. The thief will handle the transaction with another person using someone else’s personal information, then leave the actual person to deal with consequences.
Common forms of identity theft are:
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