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7.1. EDSR 12-20-2021
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7.1. EDSR 12-20-2021
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12/17/2021 12:42:20 PM
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12/17/2021 10:19:43 AM
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City Government
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EDSR
date
12/20/2021
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F <br />WIRE FRAUD ALERT <br />Internet fraud — the use of Internet services or software with Internet <br />access to defraud victims — is on the rise in real estate transactions. <br />THESE SOPHISTICATED CRIMINALS COULD: <br />• HACK INTO YOUR E-MAIL ACCOUNT or the e-mail of others <br />involved in your real estate transaction and`may direct you to wire <br />money to the hacker's account. <br />• SEND FRAUDULENT E-MAILS that`appear to be from your real <br />estate licensee, lender, or closing -,agent. <br />• CALLYOU claiming they have revised wiring,. instructions. <br />Buyers/Tenants and Sellers/Owners are advised to: <br />(1) Never wire funds without confirming the wiring instructions"directly with the intended recipient. <br />(2) Verify that the contact information for the wire transfer rgcipient is legitimate by calling a known <br />phone number for the broker or closing�ager L Do not rely\on the information given to you in an <br />e-mail communication. <br />(3) Never send personal information through�unsecu'red/unencrypted e-mail. <br />If you suspect wire fraud in your transaction: <br />(1) Immediately notify yduT bank, cloying agent,_ and real estate licensee. <br />(2) File a complaint online ahe Interne# Came Complaint Center (IC3) at http://www.ic3.gov. <br />The undersigned acknowledge receipt of this'wire fraud alert and understand the importance of taking <br />proactive measures to avoid being a'victim�of wire fraud in a real estate transaction. <br />(Signature) (Date) (Signature) (Date) <br />This form approved by the Minnesota Association of REALTORS®, which disclaims any liability arising out of use or misuse of this form. <br />© 2018 Minnesota Association of REALTORS®, Edina, MN <br />MN-WFA (8/18) <br />TRANSACTIONS <br />Tr n Kt1w0"kEdltlon <br />
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