FOREWARN - Prospect Screening App

By
Real Estate Broker/Owner with Providence Group Realty TREC# 0608931
https://activerain.com/droplet/58xZ

Perhaps you saw this quick report on CNBC featuring a new app Realtors® can use to research prospects ahead of meeting with them? 

The opioid crisis brings new risk to real estate agents from CNBC.

Want to know more?

The app is branded under the moniker of  "Forewarn", and they offer several solutions including a subscription based service for individual agents as well as offices and Associations.  The app advertises:

  • Using only the incoming phone number, FOREWARN can positively identify over 80% of prospective buyers.
  • Identify if your prospect has a criminal history.
  • Verify current property and vehicle ownership.
  • Verify financial risks (bankruptcies/liens).
  • Verify additional phone numbers and full address history.
  • Agents can properly and safely plan for showings with a higher level of confidence.

They don't currently offer published pricing information; however you can request a consultation online via http://forewarn.com/forewarn-for-real-estate

According to BusinessWire, that the Greater Hartford Association of Realtors has engaged this solution for the benefit of ALL Connecticut licensees (not just GHAR members). Now THAT is forward thinking!

Discussion Questions

  1. Fellow Realtors®, will you petition for this solution in your state as well?
  2. If your Association or Office isn't in a position to provide the service for you, would you consider an individual subscription?
  3. Do you anticipate any negative impact for consumers relating to industry adoption of this or similar technology?
  4. Any negative impact for Realtors®?
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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Peter Mohylsky, Beach Expert 12/29/2018 07:57 AM
Topic:
Real Estate Technology & Tools
Location:
Texas Collin County Plano
Groups:
Realtors®
Collin County, TX Real Estate Professionals
Dallas, TX Real Estate Professionals
Bananatude
Texas Independent Broker Network
Tags:
safety
caution
due diligence
realtor protection
app for realtors
forewarn
screening prospects
research leads

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Ambassador
1,950,093
Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

The opioid crisis is scary in itself - factor in listings where agents haven't informed their clients to remove valuables and drugs from the home, or lock them up, there is a potential for problems.  We generally don't have much of an issue - or haven't as of yet, but I can see where some areas would be especially vulnerable. I still tell all my listing clients it's best to remove drugs or lock them up in a hidden safe. 

 

Back to the app, hope we never have to use it. Although, we both attend all showings with new prospects and do try to get quite a bit of information before we meet them for the first time. 

Nov 30, 2017 06:39 AM #1
Rainer
353,677
Jim Smith
The Property Management Company - Round Rock, TX
Broker,CRS,GRI,RMP,CNE,TRLP

How does this app compare to the TrustStamp app that NAR is now providing for free to our national membership?  I have requested more information from Forewarn; and will share what I find out.  As the Broker and President of The Property Management Company, we are always concerned for our leasing agents' safety!

Dec 02, 2017 06:07 AM #2
Rainmaker
195,675
Michael McGlynn -Buyers Like Mike!
Re/Max The Producers - Omaha, NE
Buyers Like Mike!....Find Out Why!

Interesting how all the new technologies have advanced enough to provide us Realtors with more options to protect ourselves.  Remember basic safety measures, such as meeting a future client at your public office, can help prevent a criminal who is just trolling for an oportune time to strike.

Dec 02, 2017 02:58 PM #3
Rainmaker
322,593
Andy Brown-Climer School of Real Estate
The Climer School of Real Estate - Orlando, FL
The Best Real Estate School in Florida

Amanda, this is a good blog. Remember that blogging needs to keep Google happy. Make sure that you keep up with Google's ever changing rules about content, keyword density, keyword types, and length!

Dec 30, 2018 08:54 AM #4
Rainer
353,677
Jim Smith
The Property Management Company - Round Rock, TX
Broker,CRS,GRI,RMP,CNE,TRLP

Follow-up:  The Property Management Company has been using this app for the last year.  It is fantastic for several reasons:

Independently verify Tenant information on applications

Pre-screen customers/clients prior to engaging in business with them

Shows housing history for accuracy and stability

We are very happy and satisfied with this tool - it has smoked out a few bogus applications that the background checks failed to pick-up on, and likely saved us from headaches down the road.

Dec 31, 2018 06:38 AM #5
Anonymous
Debbi Beene

This company is bull shit and provides the users with inaccurate data and blatant lies about people! I would not recommend any one use it

Nov 03, 2019 06:03 PM #6
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Rainmaker
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Amanda Thomas

​Broker, SRES®, BPOR, MCNE, ​Certified DRS Agent™
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