RealTrending The Importance of community involvement in title and real estate
In this episode of the Real Trending Podcast, Dru Wischhover, CEO of Inspired Title, discusses the often-overlooked role of title companies in real estate transactions. He emphasizes the importance of community involvement, fraud prevention and the critical nature of communication between real estate agents and title companies. Dru also addresses the rising threats of cybercrime, particularly with the advent of AI, and shares insights on the significance of title insurance in protecting property ownership. The conversation concludes with a lightning round of common myths and best practices in the industry.
Takeaways
- Dru Wischhover emphasizes the importance of community involvement in the title industry.
- Communication is key in preventing fraud during real estate transactions.
- Real estate agents should build strong relationships with their title companies.
- Title insurance is crucial for protecting property ownership.
- AI has increased the risk of identity fraud in real estate.
- The first hour after a fraud incident is critical for response.
- Educating clients about the title process can prevent issues.
- Many people underestimate the value of title insurance.
- Real estate agents should be proactive in understanding title issues.
- Timing is essential when dealing with wire fraud in transactions.
Related to this episode:
https://www.housingwire.com/title-escrow/
The RealTrending podcast features conversations with the brightest minds in real estate. Every Monday, brokerage leaders, top agents, team leaders, and industry experts join us to share their secrets to success, trends, and the lessons they’ve learned. Hosted by Tracey Velt and produced by the HousingWire Content Studio.