Real estate fraud, including false listings, double contracts, and deposit fraud, is becoming increasingly sophisticated.
There are many cases where the preliminary contract is written in duplicate or the contents of a verbal agreement are excluded from the contract and then signed. Recently, scams using phishing links disguised as fake real estate platforms or electronic contracts have emerged. There are also many cases of people suffering losses after relying solely on advertisements or word-of-mouth to make transactions.
To avoid losses, you must always check the broker's credibility before making a transaction.
How to Choose a Reliable Brokerage
● Whether or not registered as a certified real estate agent
You must check whether the real estate agent is registered through the Ministry of Land, Infrastructure and Transport's real estate transaction management system or local government website.
It is difficult to receive legal protection when dealing with unregistered and unlicensed brokers.
● A regular brokerage that has been in business in one location for a long time
Real estate agencies that have been operating in a local area for a long time have built trust. They value their local reputation over one-time transactions, so you can expect more responsible transactions.
Be especially wary of businesses that operate only briefly during the sales or move-in seasons and then disappear. Many businesses only make a quick buck and then disappear, potentially leaving them unaware of any issues that may arise after the transaction.
● Large brands - brokerage firms with standards and systems
Brand franchisees have systems in place to manage product information and transaction transparency, reducing the risk of false listings or fraud.
Global brands like REMAX are enhancing their services and reliability through head-level quality control, professional training, and exclusive property transactions with reduced risk of double contracting and high safety, based on proptech systems and safe property registration standards.
We also leverage economies of scale to enhance service quality through various partnerships and collaborations in legal, tax, and service areas, and continually strive to increase the trust of our franchisees.
Real estate transactions are not like buying ice cream. A single mistake can result in lifelong financial losses, so finding a trustworthy real estate agent is the best way to prevent this.
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