WIRE FRAUD: Have the Conversation BEFORE Closing

In case you hadn’t heard a local buyer jsut lost their life savings of $105000 to Wire Fraud. It is still happening - Please educate your customers - sellers included.

Wire fraud is a very real threat in real estate transactions. Criminals can impersonate title companies, agents and other trusted parties using compromised emails, spoofed numbers and increasingly sophisticated technology. The FBI reported approximately $275 million in real estate-related fraud losses in 2025.

As REALTORS®, one of the best things we can do is educate our customers early.

Remind buyers and sellers:

• Never trust emailed wiring instructions without verification.

• Be suspicious of last-minute changes.

• Always verify wiring instructions using a known, independently verified phone number before sending money.

A two-minute conversation could help protect someone's life savings.

Talk about wire fraud. Talk about it early. And talk about it more than once.