Watch out for rental scam
April 7, 2009
I feel like I write about scams a lot. Unfortunately there are plenty out there that everyone should be aware of.
The latest scam involves property rentals. According to ConsumerAffairs.com, prospective renters are being led to believe that the National Association of Realtors (NAR), a very real and reputable group, is acting as an intermediary for rental properties. The would-be renters are instructed to send money with the false belief that the NAR will deliver keys to the property. Some of these supposed properties are listed on Craigslist.
The NAR has made it very clear that they are not involved in any such transactions.
Like all business transactions, it is very important that you know exactly who you are dealing with. Before renting a property, make sure to get the name and address of the business so you can do some research with the Better Business Bureau, your state Attorney General’s office and the Federal Trade Commission. Get all details in writing, before you make a payment, and make sure you understand all aspects of the transaction.
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