Real Estate FRAUD In Toronto | KT CONFIDENTIAL EP219 | The Real Estate Podcast

Recent real estate frauds have been committed in Toronto; fraudsters impersonating real estate agents, homes being sold without the homeowners' consent, and apartments being rented out by scammers. Adrian and Ariel provide their knowledge and tips on spotting suspicious activity and protecting yourself from fraudulent deals. Learn more about the red flags of real estate fraud and make sure you don't get scammed!

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0:17 – Intro
1:49 – Rental fraud in Toronto
4:42 – Committing frauds through Airbnb
6:11 – Rent a place that's listed with a brokerage with a real estate agent
8:29 – Interview your tenants
9:49 – Use SingleKey to do a background check on tenants or landlords
10:50 – Confirm your tenant's identification
12:29 – Be mindful when sharing personal and sensitive information
15:18 – Outro

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Links to real estate fraud articles:

https://storeys.com/toronto-home-sold-without-owners-consent/

https://storeys.com/man-wanted-toronto-rent-scam/

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Want more real estate podcast discussions?

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After successful careers in the automotive industry, entrepreneurs Ariel Kormendy and Adrian Trott decided to inject their passion for growing a brand and providing unrivalled service into the real estate industry. Kicking off their careers in 2011, they quickly became a top-performing team in Canada. Originally a team of two real estate agents in Milton, The KT Team quickly grew to a large team of exceptional REALTORS®, an administrative department and an in-house media department, taking their proven processes and unique services across most of the Golden Horseshoe. Follow them on social for behind-the-scenes footage, real estate tips, industry secrets and more.