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Intensive joint investigation into real estate scams
Five government agencies have launched a joint investigation into recent real estate scams to determine if extra protections are necessary to prevent identity theft in the buying and selling of property and the land titles system in Western Australia. The Commercial Crime Division of WA Police, Consumer …
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SASB Issue Updated Property Scam Warning
This updated advisory has just come through from the Settlement Agents’ Supervisory Board and is a timely warning for both real estate and settlement agents. Recent events have prompted a further scam alert being issued by the Chairwoman of the Settlement Agents Supervisory Board (the Board), …
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Property scam highlights the importance of identifying clients
Knowing your client has taken on a new meaning in the wake of a recent scam where a Perth investor had his property sold without his knowledge. Now, more than ever, it’s essential for both real estate and settlement agents to carefully identify their clients. …
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Nigerian real estate scam highlights the need for increased vigilance
The recent case of a man losing his house as a result of a Nigerian real estate scam highlights the need for increased vigilance by everyone involved in real estate transactions. Although it’s the first time such a crime has been committed in Australia, it’s …
