
Entrust defines deepfakes as “realistic, AI-generated fake videos, images, or audio recordings that mimic a real person’s likeness.”
Scammers might use deepfake-generated audio or video to impersonate buyers, sellers, real estate agents, real estate lawyers, title agents, or other professionals. By pretending to be real people involved in a real estate transaction, criminals can change the wiring or money transfer instructions to divert down payments or closing funds to their own bank accounts. They can also manipulate property photos or virtual tours to hide defects, exaggerate home features or even fabricate nonexistent properties to sell to unsuspecting buyers.
Your real estate agent will help you navigate the purchase or sale of a home. An attorney can provide guidance on the laws in the state where you’re purchasing. Only real estate professionals who are members of the National Association of REALTORS® may use the term REALTOR®. Under NAR’s Code of Ethics, REALTORS® must work in their client's best interest and treat all parties fairly. Visit lirealtor.com to find a REALTOR® or click HERE.
Shared with permission from the National Association of REALTORS®.
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