Posted: Oct 3, 2013 3:24 PM by MTN News
MISSOULA - Nearly 200 people filled a conference room at Ruby's Inn on Thursday to learn about scams in Real Estate transactions.
Real Estate Agents, Appraisers and Bankers participated in a first ever series of classes offered that aim to educate people in how to prevent becoming victims of fraud.
The Missoula Organization of Realtors brought in an appraiser and fraud profiler to teach two days of courses.
Thursday's course examined the 25 most common scams that occur up to closing and buying a house.
Course speaker Richard Hager says real estate professionals around the country violate numerous laws without even knowing it.
"It shocks many of them, because they didn't really understand it until I explained it to them," Hager said. "And the hope is that we have fewer bad loans, fewer people losing their houses and so if we can get them trained up, everyone wins!"
The Montana Board of Realty Regulation helps people with fraud reports. You can find out more by visiting their website.