August Updates 


Wire Fraud Series

Last week the final wire fraud seminar was held in Asheville.  These courses were designed by the Commission, the NC State Bar and Investors Title, to debunk myths about wire fraud, teach prevention tactics, discuss liability and reporting to authorities, and review recovery data.  If you were unable to attend one of these courses and would like information or resources on wire fraud, visit these links to assist you in wire fraud prevention and/or recovery. 

C.Y.B.E.R. – Overview of how to assess wire fraud risk and establish policies for prevention. 

S.I.M.P.L.E. – Seller and notary identity verification methods and red flags. 

W.I.R.E. – Process and worksheet to verify wires. 

F.A.S.T. – Step by step plan and worksheet to take quick action if wire fraud is discovered.

Do you know what a CoBRA flood zone means?

A CoBRA zone is an area designated by the Coastal Barriers Resources Act.  Properties located in CoBRA zones are not able to obtain federal flood insurance, or federal funds for mortgage products.  It is important to research properties before placing an offer to make sure that they qualify for federal funding if needed.  Failure to do so could result in the loss of due diligence fees, if the inability to obtain funding/insurance is discovered after entering into a contract to purchase a property.  See page 410 (9-19) of this document from for more details about CoBRA zones.

You are invited!

The monthly Real Estate Commission meetings are always open to the public, and you are invited to attend in person or online via Zoom.  The meeting this month is August 16th here at the Commission building.  A Zoom link will be available at on the day of the meeting.