Tuesday, March 31, 2009

NAR Internet Rental Scam

We previously alerted renters to the Nigerian internet (Craigslist) scam. Well, they have a new one. The name of the National Association of Realtors (NAR) is being used as a part of the new scam.
Prospective renters are led to believe that NAR is functioning as an intermediary to receive rental deposits.
Be wary if any landlord wants you to send the deposit out of the country via Western Union. In this case, they requested deposits be sent to the NAR in the United Kingdom, and stated that NAR would deliver keys to the property.
The National Association of Realtors does not have an escrow service, nor do they function as an intermediary to receive rental deposits.
Consumers beware! The internet is very convenient, but if the offer sounds too good to be true, it most likely is.

No comments: