Non-Credentialed Interlopers

I added an article about “non-credentialed interlopers”. This a serious problem of folks fraudulently misrepresenting themselves as an owner, broker, or some other form of legal relationship with the principal party.

The problem of “non-credentialed interlopers” is growing. I am talking about folks who advertise properties for sale, especially apartment buildings, and when I request the operating data, rent rolls, debt structure, etc., they send what they call a “confidentiality agreement” (CA). Then I read the CA to learn that it is actually a “non-circumvention non-disclosure agreement” (NCND) that prohibits me from speaking directly to anyone that was introduced to me by the other party without first paying a “consulting fee”…

Read more by clicking here.

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About Jeffrey Smith

Real estate investor and syndicator.
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