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SFAR RELEASES MILLENNIUM TOWER ADVISORY FORM

Two newspaper articles regarding a condominium high-rise building in San Francisco known as the "Millennium Tower" came to the attention of the San Francisco Association of REALTORS® ("SFAR) on August 1, 2016.

The first, entitled "S.F. tower for rich, famous is sinking," was in the San Francisco Chronicle; the second, entitled "Finger pointing begins in Millennium luxury tower mess," was in the San Francisco Business Times. Other articles or sources of information in this regard may be available. 

Because the situation is still in flux and no one really knows how or when it will be resolved, the San Francisco Association of REALTORS® has released a new form intended solely for use with listings and sales of units in the Millennium Tower in San Francisco to help protect REALTORS®.

The SFAR forms committee has put together a packet of information to be included with the Millennium Tower Advisory Form. Buyers are urged to carefully review all such information and conduct their own investigation before the purchase of any unit in the Millennium Tower, preferably during Buyers' inspection contingency, if any. 

Click here for the Millennium Tower Advisory Form and related articles.

SFARMLS Wednesday Broker Tour

Welcome to the information page for SFARMLS Wednesday Broker Tour. You can bookmark this page as the hub of where to get the lastest news about the changes to how touring will work on Wednesday (and Tuesday) as we continue to evolve the program through 2016.

The launch annoucement from early June is here:

You can download the iOS app here:   (Android version coming this summer)

 

Urgent Alert: Sophisticated Email Scams Targeting the Real Estate Industry

NAR published this Urgent Alert back in December, but we feel it is so important that we are rerunning the article...

Criminals are hacking into the email accounts of real estate agents or other persons involved in a real estate transaction and using information gained from the hack to dupe a party into a fraudulent wire transfer. The hackers often send an email that appears to be from an individual legitimately involved in the transaction, informing the recipient, often the buyer, that there has been a last minute change to the wiring instructions.  Following the new instructions, the recipient will wire funds directly to the hacker’s account, which will be cleared out in a matter of minutes. The money is almost always lost forever.

In the next two weeks, real estate professionals will be contending with high transactional volumes during year-end closings. This is a busy and hectic time for real estate professionals, and many millions of dollars will be sent and received via wire before the end of the year. This is exactly the environment in which online criminals seek to operate.

The National Association of REALTORS® urges its members and state and local REALTOR® associations to be on high alert for email and online fraud.

In May 2015, NAR issued an alert regarding a sophisticated email wire fraud hitting the real estate industry.  Since then, the incidents of online scams targeting practitioners have continued to rise but the advice is the same.

Bottom line: Do not let your guard down.  Start from the assumption that any email in your in-box could be a targeted attack from a criminal.

For the full article with information onprevention and damage control, please click here.

 

For more information on this and other cyberscams, as well as further information on cybersecurity best practices, visit these resources:

http://speakingofrealestate.blogs.realtor.org/2015/05/19/alert-wire-fraudsters-targeting-real-estate-transactions/
http://www.realtor.org/law-and-ethics/protecting-your-business-and-your-clients-from-cyberfraud
http://www.realtor.org/articles/request-to-redirect-funds-should-trigger-caution
http://www.realtor.org/topics/data-privacy-and-security
http://www.realtor.org/topics/risk-management
http://www.realtor.org/articles/internet-security-best-practices
http://www.realtor.org/topics/realtor-safety/articles

New Fully Functional version of ZIPFORM® MOBILE Released!

A new and improved version of zipForm® Mobile was released at the end of May 2016.  The new version is now fully functional, and no longer requires you to lug around a heavy laptop to get access to zipForm®!

With the new version of zipForm® Mobile you can now complete an entire transaction on your iPad, tablet, or phone.  The new version has two key features:

  1. An ability to organize the forms in your transaction in the order you want them to be presented to your client, for example, “Disclosure Regarding Real Estate Agency Relationship” (the Agency form) should always be the first one your client receives for review and signature.
  2. An ability to export all forms (or just the ones you want now) in your transaction as a single PDF for your client’s review and signature.

With the new version of zipForm® Mobile simply prepare a listing agreement, or a purchase offer, with all the additional necessary forms.  Organize the forms in the preferred order, then export them as a single PDF.  Review the documents with your client, then sign with your favorite electronic signature app such as DocuSign® or TouchSign®, or annotation app such as neu.Annotate+®. Once signed by you and your client, email the signed PDF to your client for their records!

On an iPad or iPhone:

  1. Simply go to www.car.com and access zipForm®.  It will know you are on a mobile device.
  2. Or, sign up at www.zipform.com/zfmobile
  3. Download and open the zipForm® Mobile Companion app from the Apple app store
  4. Sign in using your zipForm® Plus account.

For an Android tablet or phone:

  1. Sign up at www.zipform.com/zfmobile
  2. Open your web browser (such as Google Chrome) and go to www.zipformonline.com
  3. Sign in using your zipForm® Plus account.

With zipForm® Mobile, you can work on any transaction directly from your iPad, tablet or phone.  Use zipForm® Mobile to open contracts, view PDFs, and complete paperless signatures from anywhere, at any time.

You can use zipForm® Mobile’s wireless capabilities to print documents directly from the application when you are in range of a printer.

Help is available from the zipLogix Help Desk at (586) 840-0140, which is open 24 hours a day Monday to Friday, and 7am-7pm Pacific Time on weekends and holidays.

zipForm® Mobile is a C.A.R. member benefit for California Realtors®.

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