Featured Form: OREF 043 – Advisory Regarding Electronic Funds
Electronic fund theft can put your clients’ closing funds at risk. In this week’s Form Focus, we review OREF 043 – Advisory Regarding Electronic Funds and strategies to help protect clients from increasingly sophisticated real estate scams.
Preparing clients starts with education. Help them understand the escrow and closing process and introduce them to their escrow officer early in the transaction. Establishing that connection gives clients a familiar resource as they prepare for closing.
Use the advisory to start a conversation about electronic fund theft and the importance of following the strategies it outlines. Taking time to review the advisory and discuss questions can help clients better understand the risks and feel more prepared to navigate the process.
▶️ Watch Form Focus: OREF 043 – Advisory Regarding Electronic Funds
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Always check with your principal broker or legal counsel to ensure that you are following any policy requirements of your brokerage. All comments and responses from OREF or its staff, managers, and volunteers are non-legal opinions made for general purposes. Each Forms subscriber must rely solely upon their Principal broker or personal legal counsel for specific advice and instruction. You and your client should independently confirm that the Form(s) you use are legally suitable for the purposes intended and that they are current with respect to all laws and regulations.
