AI-generated deep fakes increase wire fraud risk in property transactions; the National Association of Realtors advises professionals to enhance education.

Real estate experts warn that AI-generated "deep fakes" are increasing the risk of wire fraud in property transactions. The National Association of Realtors urges industry professionals to enhance their education to fight against this growing threat. With AI, scammers are now able to create convincing fake recordings and documents, tricking consumers into handing over sensitive information used for real estate transactions.