NCJAR News
Issued in Collaboration with the U.S. Secret Service and NAR
Real estate professionals are being targeted in a sophisticated cryptocurrency scam that has drawn the attention of the U.S. Secret Service and the National Association of REALTORS® (NAR). As digital financial transactions become more common in the industry, scammers are taking advantage of new vulnerabilities. NCJAR urges all members to remain alert and take precautions.
How the Scam Works
This scam involves impersonation and social engineering tactics designed to trick real estate professionals and clients into transferring funds via cryptocurrency. Here is a common scenario:
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Impersonation: Scammers pose as real estate agents, title officers, or clients using spoofed or hacked email accounts.
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Urgent Requests for Crypto Payments: Victims receive messages requesting immediate cryptocurrency payments for deposits, escrow, or closing costs.
The National Association of REALTORS® (NAR) released its May 2025 edition of “Hot Topics in Broker Risk Reduction,” addressing current legal concerns and best practices for brokers navigating an evolving real estate environment. This report is an essential tool for brokers aiming to stay compliant and minimize exposure to liability.
Key Topics Covered
1. Multiple Listing Options for Sellers
NAR’s new MLS policy expands listing flexibility, complementing the Clear Cooperation Policy. Brokers should be familiar with two primary listing types:
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Office Exclusive Listings: Listings are submitted to the MLS but not shared or marketed publicly, honoring seller requests.
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Delayed Marketing Listings: These allow sellers to delay marketing while still filing the listing with the MLS, useful for strategic sales planning.
2. Antitrust Compliance
June marks Pride Month, a time dedicated to honoring the history, struggles, and triumphs of the LGBTQ+ community. At North Central Jersey Association of REALTORS® (NCJAR), we proudly stand in solidarity with our LGBTQ+ members, clients, neighbors, and allies. This month—and every month—we recognize the importance of fostering inclusive communities and promoting equal opportunity for all.
Upholding Fair Housing for Everyone
As REALTORS®, we are guided by a strong Code of Ethics and the Fair Housing Act, which prohibit discrimination based on sexual orientation, gender identity, and other protected characteristics. These principles are more than legal obligations—they reflect our deep commitment to ensuring that everyone has the right to live freely and safely in the home and community of their choosing.
NCJAR® extends our heartfelt thanks to everyone who joined us at Noches de Colombia in Randolph on May 29, 2025, for an energizing and insightful Global Real Estate Lunch & Learn event.
A Powerful Exchange of Global Insights
The event brought together an incredible lineup of NAR Global Ambassadors—Yoshi Takita, Steven Pagan, and Aldo Iemma—who captivated the audience with their expertise and personal experiences navigating the international real estate landscape. From decoding cultural nuances to forging international referral networks, our panelists delivered real-world advice that attendees can immediately apply to elevate their global real estate strategies.
What We Learned
Attendees walked away with:
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Proven strategies for managing cross-border transactions
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Insights into cultural and language barriers, and how to turn them into strengths
