Seller Impersonation Fraud Quiz

1

What type of properties are most commonly targeted by fraudsters in seller impersonation fraud?* This field is required.

Properties with high mortgages

Properties with multiple liens

Vacant land and rental properties owned by foreigners or the elderly

Newly constructed properties

2

How do fraudsters typically initiate contact with a real estate agent when attempting seller impersonation fraud?* This field is required.

In-person meetings

Through internet requests, emails, or text messages

By mailing letters

By making phone calls

3

What is a common characteristic of properties listed by fraudsters?* This field is required.

Priced above market value

Priced at market value

Priced below market value

Not listed publicly

4

Why do fraudsters often request to use a mobile notary during the transaction?* This field is required.

To expedite the process

To avoid personal interaction

To provide falsified documents without being present

To save costs

5

What happens to the buyer's funds once the fraudulent transaction closes?* This field is required.

They are unknowingly wired to the fraudster's bank account

They are held in escrow

They are transferred to the legitimate property owner

They are refunded to the buyer

6

Which of the following is a red flag that could indicate seller impersonation fraud?* This field is required.

The seller wants to meet in person frequently

The seller provides ample documentary evidence linking them to the property

The seller has lived on the property for many years

The seller insists on a quick closing and offers incentives

7

What precaution can be taken to verify the seller’s identity?* This field is required.

Accepting documents via email

Mailing a letter to the address listed on tax records

Using the seller’s preferred notary

Avoiding any direct contact with the seller

8

How can property owners establish additional protection against seller impersonation fraud?* This field is required.

Ignoring unsolicited offers to buy their property

Signing up for free property monitoring services offered by their local county recorder’s office

Not listing their property for sale

Only accepting cash transactions

9

Calculation