A REALTOR® has reported that a company keeps contacting them with a suspicious offer. Several representatives from the same company (possibly a call centre) seem to be targeting real estate professionals through phone calls and emails.
The representatives appear to be reading from a script and say they have $750,000 cash to invest in a property and that they’d prefer a property that has been on the market for a long time, so they can renovate and flip the property. One caller said they didn’t care if they made $20,000 in profits and another said they didn’t care if they made $50,000.
The REALTOR® who reported the possible scam noted that they were contacted by telephone twice in the same day by two different representatives and emailed once. They felt uncomfortable and pressed one caller for more information. This caller shared that the company is based in the U.S. but started in Toronto 30 years ago. The REALTOR® still felt uncomfortable and pressed for further information, at which point the representative said they would just "call another agent."
They then reported this on their Facebook group and found that several REALTORS® were receiving similar calls.
This is a reminder to all REALTORS® to conduct due diligence when receiving all lead calls, as there is potential for fraudulent activity.