- For Immediate Release –
Cupertino, CA - The Silicon Valley Association of REALTORS® (SILVAR), the local trade association representing over 4,000 REALTORS® and affiliate members engaged in the real estate business on the Peninsula and in the South Bay, has received reports from members doing business in Santa Clara County of a scam by individuals fraudulently posing as landlords and misrepresenting vacant properties for lease.
Using various websites, the scam artists advertise a home for rent, when the property is actually for sale. Prospective tenants who call the phone number provided in the false rental advertisement are then directed to provide an application fee and rental deposit immediately if they want to lease the unit.
The recent scam was discovered once prospective tenants contacted the actual listing agent to gain access to view the property. Law enforcement authorities have been notified of the attempted scam.
"It is tragic that people continue to prey on consumers who are in need of a place to rent. Potential renters are convinced to pay deposits and rent to unscrupulous people who take the money and run with the tenant left wondering what happened and with no funds to rent another property," said SILVAR President Suzanne Yost. "We are asking consumers to always verify the owner of the property you intend to rent and heed guidance issued by the California Department of Real Estate (DRE)."
The DRE has in the past issued a warning about "imposter landlords" and provides the following guidance to protect consumers from this type of scam:
If you feel you have dealt with a scammer in the area of a housing rental or have been defrauded in connection with a rental of a house, please contact the DRE at the following numbers: For Spanish-speaking consumers, call 1-877-DRE-4321; for consumers in the Bay Area, call (510) 622-2552.
The Silicon Valley Association of REALTORS® (SILVAR) is a professional trade organization representing over 4,000 REALTORS® and Affiliate members engaged in the real estate business on the Peninsula and in the South Bay. SILVAR promotes the highest ethical standards of real estate practice, serves as an advocate for homeownership and homeowners, and represents the interests of property owners in Silicon Valley.
The term "REALTOR®" is a registered collective membership mark which identifies a real estate professional who is a member of the National Association of REALTORS® and who subscribes to its strict Code of Ethics.
For further information, please contact Rose Meily at SILVAR Public Affairs, email , or phone (408) 200-0109.