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Rainmaker
4,557,997
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

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

Mar 23, 2017 12:49 AM
Rainmaker
5,096,866
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte 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
1,533,163
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
CEO of Vision Drive Realty - Coastal San Diego

 

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
142,796
Diana White-Pettis
Bennett Realty Solutions - Upper Marlboro, MD
GRI, CDPE, CNE, WHC Upper Marlboro Homes for Sale

Any deal that seems too good to be true.

Mar 22, 2017 09:25 PM
Rainmaker
2,172,663
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Seller's Disclosure

Mar 23, 2017 03:12 AM
Rainmaker
3,415,644
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

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

Mar 23, 2017 03:05 AM
Rainmaker
761,233
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Group Valencia & Aliso Viejo

Evasiveness, quick talking without answer the questions.

Mar 22, 2017 09:05 PM
Rainmaker
1,499,368
Ryan Huggins - Thousand Oaks, CA
https://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
6,362,764
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - 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
Ambassador
3,340,605
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

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

Mar 23, 2017 09:55 AM
Rainmaker
292,635
Jack Lewitz
Exit Strategy Realty - 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
Rainmaker
1,712,551
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
4,800,082
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
3,071,489
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Michael Jacobs nailed this one!

Mar 23, 2017 04:36 AM
Rainer
213,263
Dennis Swartz
Full Circle Property Management - Columbus, OH
MBA, GRI...experience counts!

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

Mar 23, 2017 03:03 AM
Rainmaker
979,496
Troy Erickson AZ Realtor (602) 295-6807
HomeSmart - 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
2,680,289
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - 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
2,776,741
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
5,583,178
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

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

Mar 23, 2017 08:27 AM
Rainmaker
809,258
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID 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
5,197,704
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Michael Jacobs hit this one on the head!

Mar 23, 2017 06:54 AM
Rainmaker
1,466,207
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Bryson Lawrence Bait and switch.

Mar 23, 2017 06:44 AM
Rainmaker
1,723,426
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

Read Chapter 6, Avoiding Fraud

Mar 23, 2017 06:29 AM
Rainmaker
921,504
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
4,858,349
Richard Weeks
Dallas, TX
REALTOR®, Broker

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

Mar 23, 2017 05:06 AM
Rainmaker
898,368
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

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
7,799,079
Roy Kelley
Retired - Gaithersburg, MD

Be  alert for scams.

Mar 23, 2017 03:29 AM
Rainmaker
4,319,419
Praful Thakkar
LAER Realty Partners - 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
5,772,353
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Bryson,

You have excellent answers here. 

Mar 22, 2017 09:46 PM
Rainmaker
1,045,440
Dave Martin (703) 585-4687
Fairfax Realty - Fairfax, VA
Making Realty Dreams a Reality #WeWillGetYouHome

How many red flags do you need?? bottom line always do your Due Diligence 

Mar 01, 2018 03:59 PM
Rainmaker
1,617,866
Harry F. D'Elia III
WEDO 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
4,908,183
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
1,619,716
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas 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
5,205,375
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

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
Rainmaker
3,988,007
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

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

Mar 23, 2017 07:49 PM
Rainmaker
599,124
Nathan Gesner
American West Realty and Management - Cody, WY
Broker / Property Manager

One of my favorite signs:

Mar 23, 2017 07:43 PM
Ambassador
5,036,199
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

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

Mar 23, 2017 07:19 PM
Rainmaker
4,434,127
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
3,383,084
Chris Ann Cleland
Long and Foster Real Estate - Gainesville, VA
Associate Broker, Bristow, 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