Understanding Rental Scams and Precautions

A couple searches for their first apartment amidst high rent prices. They encounter potential rental scams, which have been increasing according to the FBI. These scams involve fake listings and data theft. Psychological factors like FOMO and positive illusion make people vulnerable. To avoid scams, it's crucial to see properties in person and be wary of too-good-to-be-true offers. Zell advises only sending money to trusted individuals.

What motivates the couple to act quickly on the apartment listing?

• They fear missing out on a great opportunity.

• They were pressured by a real estate agent.

• They received a discount offer.

• They have a deadline to move out.

What is a key characteristic of rental scams?

• They offer long-term leases.

• They involve fake listings.

• They require in-person meetings.

• They provide free utilities.

What additional risk do rental scams pose besides financial loss?

• Increased rent prices.

• Loss of personal data.

• Legal consequences.

• Damage to property.

What makes the couple suspicious about the apartment listing?

• The rent is higher than expected.

• They cannot view the apartment in person.

• The apartment is too far from their workplace.

• The neighborhood is unsafe.

Which psychological tendency makes people vulnerable to scams?

• Overconfidence in their judgment.

• Need for social approval.

• Desire for luxury living.

• Fear of missing out.

What is 'positive illusion' in the context of rental scams?

• Expecting to find the perfect apartment.

• Believing that scams are beneficial.

• Assuming that bad things won't happen to us.

• Thinking that all listings are genuine.

What is a major red flag when dealing with rental listings?

• The listing has many photos.

• The agent is very responsive.

• Excuses are made to avoid showing the property.

• The property is in a popular area.

What should you always do before sending money for a rental?

• Consult a lawyer.

• Check the neighborhood crime rate.

• Physically see the property.

• Read online reviews.

Why is it important to only send money to trusted individuals?

• To prevent falling victim to scams.

• To ensure the property is available.

• To avoid paying extra fees.

• To secure a better rental rate.

What is the main message of the video regarding rental scams?

• Rental prices are the main concern.

• Always trust online listings.

• Be cautious and verify before making payments.

• Rental scams are rare and easily avoidable.