Skip to content Skip to navigation

Polley Blog

Avoiding Wire Transfer Fraud In NJ Transactions

TRENTON PA – Wire transfer fraud “can have a devastating effect on consumers and other parties involved in the financing of real estate transactions,” New Jersey Department of Banking and Insurance Commissioner Marlene Caride said during April 2018 in issuing a two-page bulletin on the topic.

Caride reminded “all licensees to be vigilant and diligent when handling or arranging wire transfer transactions.” She asked licensees to familiarize themselves with the bulletin and “exercise all reasonable care with such transactions.

An image of a portion of the bulletin appears below. Clicking on the image will open an Adobe Acrobat copy of the bulletin in your web browser, which can be downloaded to your computer and read or printed for your convenience.

Avoiding Wire Transfer Fraud In NJ Transactions

This item is reproduced by Polley Associates as a public service for its students or others interested.

Recent Articles

Complying With NJ’s Housing Discrimination Laws

Download a notice about NJ’s housing discrimination laws for distribution by real estate licensees to those from whom they accept sale or rental listings.

Read More

Get Into Trouble? Make Sure You Report It

If you’re the subject of disciplinary action brought by another state, or another agency in this state, or if you enter a plea in or are the subject of legal action involving a crime, it must be reported to Pennsylvania.

Read More

Politicians Issue Wednesday Cell Alert Reminder

Several state representatives serving Montgomery County constituents included reminders in their weekly newsletters of an national cell phone alert test scheduled for Wednesday.

Read More

No One Wants To Deal With Second Banana

You enter a store, looking for a product. Which sales person do you want to work with: the newbie who started yesterday, or the knowledgeable veteran? Yep. Real estate prospects want the expert too.

Read More

At Least, Ask. At Best, Ask Open-Ended Questions

Open-ended questions avoid yes-or-no answers. Want your clients to tell you something meaningful about the home of their dreams? Let them talk!

Read More

Prove To Prospects You’re As Good As You Say

Clients are your clients because you’ve proven you can succeed for them. Are you visibly offering the same kind of proof to prospects who don’t yet know you from Adam?

Read More

A Lesson In Fostering Real Estate Clients For Life

Clients gravitate to brands and representatives who repeatedly offer the best experiences, the best relationships. Relationship builders win clients for life, not just for one transaction.

Read More

How Taking ‘The Leap’ Will Surprise You

Occasionally, we all make leaps of faith. Some take longer strides than others, but whether you land near or far there can be exhilaration in every jump.

Read More

Wednesday Wisdom: Urge Buyer Clients To Do This

Our Wednesday Wisdom post to Instagram for June 27 (2018).

Read More