Always consult your broker for your office policies on how to handle certain sensitive material contained in all real estate transactions.  The dark side of life preys on people be too busy, uninformed or an attitude of not thinking it will ever happen to them.  Technology is not going away, and we have to participate in our own due diligence to do what we can to protect our clients.  The new Wire Fraud form on the Association transaction desk platform is certainly a “heads up” to clients who have other more important things they are dealing with and have put their trust in you to guide them through a home purchase.  The following is the article as it appeared in NAR’s legal website.

The internet brings unprecedented speed and convenience to handling your finances and managing your business—but today’s always-on, go-anywhere communications technology also mean it has never been easier for thieves to siphon funds, disrupt transactions and harm your clients. The same systems that allow you to access data from anywhere, handle approvals electronically and manage deals from your smartphone are magnets for sophisticated criminals, many hidden in obscure locations. To operate safely online, you need to actively protect sensitive information from hackers, steer clear of phishing emails and dangerous websites, and show buyers and sellers how to avoid scammers looking to steal their money by posing as people they trust.

Even a seemingly minor mistake while discussing a property, filling out disclosure forms, etc. can potentially lead to a fraud or negligence claim.

As a real estate professional, your job is to stay on top of every transaction you handle and pave the way to closing for your clients. But while serving as the go-to source for information and expert guidance is central to the value you bring, you could face a lawsuit if something goes wrong— even years after the sale is closed—and you’ve provided inaccurate information. Even a seemingly minor mistake or oversight while discussing a property, filling out disclosure forms, or handling another aspect of a deal can potentially lead to a fraud or negligence claim. In addition to the financial costs to you, such problems can distract you from your business and damage your reputation. That’s why it’s essential to know what you are expected to do under the law—and when to say “I don’t know.”