The May 2016 Red Flag Award Winner goes to... the National Association of Realtors! The trade association representing the real estate industry teamed up with the FTC to warn home buyers about email and money wiring scams. They explain that scammers have been hacking real estate professionals' email accounts, sending bogus messages to home buyers about last minute changes to money wiring instructions. These emails will then instruct home buyers to wire closing costs to a different account. Are you a home buyer with a closing date approaching? The National Association of Realtors and the FTC provide tips to avoid this scam here.
*Name: National Association of Realtors
*Location: Washington, D.C.