Is There Financial Liability for Agents with Respect to Cyber Fraud?

What can you do as an agent to prevent electronic theft of your client’s money in a real estate transaction? Watch the video!

Resources:

Wiring Instructions Agent Indemnity Policy – by Andy Hartman of Hartman Law Firm – www.HartmanLawFirm.com – https://maximumonerealty.files.wordpr…

Beyond Computer Solutions – Chris Noles – https://beyondcs.com/

Email Protections for Real Estate Agents – https://maximumonerealty.files.wordpr…

Computer Protection – https://maximumonerealty.files.wordpr…

Office 365 Security Monitoring – https://maximumonerealty.files.wordpr…

Real Estate Brokerage Cyber Protection Insurance – Annie Neal – Real Estate Insurance Solutions – www.REISPC.com

Cyber Coverage for Real Estate – https://maximumonerealty.files.wordpr…

Cyber Security Awareness Training – https://maximumonerealty.files.wordpr…

Multi-Factor Email Authentication Resource – https://maximumonerealty.files.wordpr…

00:00 – Intro

00:43 – The Real Estate Industry as a Target for Wire Fraud & Cybertheft

04:10 – Points of Practice for Real Estate Agents

06:07 – What type of funds are getting stolen

06:59 – Warnings About CyberFraud in the Georgia Real Estate Contracts

08:12 – Best Practices for Real Estate Agents

09:49 – What About Agent Liability if Wired Funds are Stolen?

12:13 – Contractual Consequences to Electronic Theft of Buyer’s Down Payment

12:38 – CyberSecurity Tips for Real Estate Agents

15:34 – BONUS TIP!!

Please browse “Videos” or “Playlist” for so many more!

FYI… there are more videos on the YouTube Channel,

“Real Estate Made Crystal Clear” ahead of what is presented in this Newsletter.

Unique Ways to Give Your Buyers a Competitive Edge for New Construction

Do this before anyone else does! How do I find Buyers new construction houses before anyone else? Watch the video to find out a unique method – could get you a listing or two also!

0:00 – Introduction

0:58 – Usual Methods

02:03 – Search MLS Sites

03:33 – Unique Method

06:10 – Additionally

07:15 – Summary

08:29 – Bonus

Please browse “Videos” or “Playlist” for so many more!

FYI… there are more videos on the YouTube Channel, “Real Estate Made Crystal Clear” ahead of what is presented in this Newsletter. Click to Watch More Videos

How Much Cash Does a Buyer Actually Need per an Appraisal Gap Stipulation?

Additional considerations with an “Appraisal Gap” stipulation… how much does a Buyer actually need? What if the Buyer doesn’t actually have the cash at closing? How may a Seller protect themselves up front? Stay tuned for a Bonus Tip at the end!

Also watch:

Appraisal Stips vs. FHA & VA Loans – https://youtu.be/aGiaaBGg9QU

A Unique Twist on the Appraisal Gap Stip – https://youtu.be/qGaj0Ipg_w0

00:00 – Intro

01:19 – Buyers Trying to Compete

01:48 – Basic Overview of Appraisal Gap Stipulation

02:15 – Reminder about Appraisal Gap Stip & FHA & VA Loans

02:55 – Conventional Loan & Appraisal Gap Stip – Important Questions

04:10 – What if Gap is Bigger or Buyer Doesn’t have enough cash?

05:05 – Default Clause in contract – May be Different in Different Contracts

05:45 – Many Expenses for Buyer buying a House

06:40 – So Cash for Gap PLUS….

07:08 – For Example…

10:34 – Buyers’ Agents….

11:01 -Listing Agents…

11:35 – What a Buyer’s Agent Should Do

12:21 – What a Seller’s Agent Should Do

13:52 – Proof of Funds

15:39 – Bonus Tip!

Please browse “Videos” or “Playlist” for so many more!

FYI… there are more videos on the YouTube Channel, “Real Estate Made Crystal Clear” ahead of what is presented in this Newsletter.

Click to Watch More Videos