How to detect Fake buying agents

Augusta

VIP Contributor
Buying agents are those agents that access properties or assets to buy for a client. They are used for this service as they are knowledgeable and in the industry so you can have a better buy from the legit ones.

But the real estate industry is not devoid of scammers and fraudsters as such you need to be careful when picking a buying agents. The fraudulent ones show the following characteristics.

They are most times unavailable to give information and sometimes the information given are too much information that are not related to the transaction

The buyer agent is always eager to get money off you.

They uses sketchy advertising and are unprofessional. ...

They hardly have references.
 

Holicent

VIP Contributor
You can't totally be safe here but you can reduce the risk. Vigilance is needed to identify fake customers. First, scrutinize the agent and check their credentials and online presence. See reviews and comments from previous customers. If possible, verify their contact information and physical address. Be wary of agents who ask for upfront payment or demand payment through unattended channels. Rely on trends and take precautions if something looks suspicious. When in doubt, ask for recommendations from trusted sources or consider other ways to ensure safe and appropriate practices.
 

Leah Kelvin

Active member
To avoid real estate scams, it is important to check the buying agent’s credentials. Verify them fully and completely. See if they have professional online presence or ask for references from past clients. Find out if they belong to well-known associations or organizations. Meeting face to face? Request for identification! Also ensure that the agent has knowledge in your specific area of interest and look out for things like pushiness or making impractical promises which may signify lack of professionalism. Legitimate brokers must be licensed; should be registered under regulatory bodies; need always keep their manners professional as well as give clear details about whatever you need to know concerning them because this will help you not fall into wrong hands when transacting on properties . Make sure you only use these tips so that nobody can cheat you during such deals since anything could happen anytime anywhere especially now that many people are desperate to own houses hence ready do anything including conning others!
 
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