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Be Vigilant to Potential Scams

 
 
INDUSTRY
INSIDER
   
Industry Insider is a publication distributed by MIBOR every other Friday to Managing Brokers. 


 
 
 
HOT TOPIC

Be Vigilant to Potential Scams
 
 
Last week, a notice was posted to the BLC® Welcome Screen regarding reports of a potential scam occurring around the country and most recently reported within our market. Based on the information that we were able to obtain, it is highly likely that this is fraudulent and we encourage all members to be aware. 

A caller indicating that he/she is an Asset Manager for "Team Lear" indicates that they are looking for brokers in your area to do BPO's (Broker Price Opinion) that will result in an REO listing that will go to you. They may even give an address that is truly a foreclosure. They will typically ask for a $400 deposit/preservation fee and a monthly fee of $49 to secure the assignments and listings and access to their website (now flagged as unsafe) which they claim is all refundable if you don't get at least one listing in the first year. 

While some people have reported that they have done BPO's none have been paid and most are filing complaints or disputing their credit card charges. If you experience this type of call, please report it to Jeanette Langford in the Professional Services Department at (317) 956-5241 or by email at jeanettelangford@mibor.com.
 
   
   
 
 
 
 
 
 
 
 
 
     
  TECH TIP 
 
  Matrix™ Tip: The Power of Control and Broom
 
   In Tempo and Fusion™, when you selected items from a pick-list to your search, you did it by clicking on one item to begin, clicking on a second item to add it and so on. In Matrix™, to add items from a pick-list to your search, use the Control (Ctrl) on your keyboard. Hold Ctrl while clicking on the selection. Also use the Ctrl key to un-select an item. To clear all your selections in your search and start over, use the Broom Icon to clear all criteria. In Tempo and Fusion™, the clear function icon was a pink eraser. Now look for the broom. MORE
 
 
         
  QUICK STAT  
  Bookmark the MIBOR Snapshot and check regularly for the latest industry and membership stats. Click here
 
         
  OTHER NEWS      
  Monthly Newsletter Takes Global Industry View
 
  You are likely familiar with RealTrends, a publishing, communications and consulting company focused on the residential real estate industry. Their publication offerings are vast and they provide focused content for associations to share. We will begin to reprint a monthly newsletter here for Managing Brokers. The August issue includes interesting reading on the Upstream project, millennials and technology and more. Click here to download. 
 
     
  Matrix™ Training Update 
 
  Train. Train. Train. It’s been our mantra for months and we are tracking the activity to make certain members have enough training opportunities. Currently, 2,817 members have attended a hands-on or presentation style training since January 1st. Live webinars have been attended by 348 members. Countless more have viewed recorded webinars or accessed the on-demand video library. MORE 
 
     
  CALENDAR      
  All Month: Meeting Dates and Topics for MIBOR Division meetings. MORE
 
  Ongoing: Online Calendar of Events. MORE
 
  Sept. 9: Matrix™ Transition Complete, Fusion™ and Tempo Retired. MORE
 
  Sept 11: REALTOR® Foundation Grant Application Deadline MORE
 
  Sept 17: REALTOR® Foundation Golf Outing MORE
 
 
 
2015 Metropolitan Indianapolis Board of REALTORS®
1912 N. Meridian St., Indianapolis, IN 46202
317­-956­-1912 
www.mibor.com
 
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