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Each week on The Download, Inman’s Christy Murdock takes a deeper look at the top-read stories of the week to give you what you’ll need to meet Monday head-on. This week: There are some bad actors out there. It’s up to you to protect yourself and your clients from fraudsters, scammers and cybercriminals.
Real estate agents are a hard-working lot, and they’re constantly fielding calls from new leads, new agents and out-of-town referring agents. The best agents operate with an openness and authenticity that allows them to connect with all of the people they meet in a given day. However, that same openness can put them in the path of nefarious bad actors.
When there’s a lot of money at stake, there’ll almost inevitably be people in the mix who are looking to take advantage. Whether they’re operating outside the law altogether or employing ethically questionable tactics to get more than their fair share, it’s up to everyone to pay attention when something sounds too good to be true.
Today on The Download, we’re looking at a real estate company whose practices have been called into question time and time again, then look at great advice from experts who understand how to keep yourself and your clients safe and secure.
“Deliberately tricking people to make money off their homeownership is a shameful business model,” said Ohio Attorney General Dave Yost in a statement announcing his state’s lawsuit against MV Realty. Now, that Florida-based brokerage, which has been embroiled in scandal and lawsuits around allegations of deceptive business practices, has initiated a Chapter 11…