Real Estate Scam Artist Warning

CAR has received several warnings about a scam artist working in several areas across the state posing as a high-profile buyer (specifically, requesting showings of million-dollar properties and horse properties). This scam artist has been known to provide fraudulent checks in large denominations to attempt access to properties prior to closing and has also succeeded in persuading buyer’s agents to pay for hotel accommodations, which has resulted in damaged hotel property and financial liability for the duped agent. We have heard reports that this con artist has been attempting this scam in Grand Junction, Aspen, and Colorado Springs, but could be active anywhere in Colorado.

CAR would like to remind REALTORS® to remain cautious and practice due diligence in any situation where any prospective client is requesting live-in access to a property by offering checks or is asking you to pay for their accommodations while they search for properties. Remember that your safety – and your professional/personal liability – should remain a top priority!