Forewarn gives realtors access to buyers' histories with a phone number
Forewarn, a tool in real estate, offers detailed homebuyer data for a fee. It raises privacy and discrimination concerns despite aiding in client verification and scam prevention. Critics question its biases and ethical implications, emphasizing transparency and accountability.
Read original articleA little-known tool called Forewarn is revolutionizing the real estate industry by providing instant access to extensive homebuyer data for a monthly fee. Real estate professionals like Susan Hicks are amazed by the detailed information Forewarn offers on prospective clients, including criminal records, financial indicators, and more. While marketed as a safety tool, Forewarn's rapid adoption raises concerns about privacy and discrimination. Despite its benefits in verifying clients and preventing scams, critics worry about potential biases and the impact on marginalized groups. The app's ability to provide quick and comprehensive data sets has led to its widespread adoption among real estate agents, but its secretive nature and lack of awareness among fair housing advocates raise questions about its ethical implications. As Forewarn continues to grow, concerns about privacy, discrimination, and the accuracy of its data persist, highlighting the need for transparency and accountability in the real estate industry.
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So discrimination is ok because you know, we have to make as much money as possible
Information on credit reports is routinely wrong, and there in many cases it is virtually impossible to remove. I've had some random addresses listed as "previous addresses" on my credit report for decades, and no matter what sort of letters I write or how many hoops I jump through, they remain.
I got a new phone number last year, and still occasionally receive calls from whoever it was in South Carolina who previously had this number. What are the odds that a realtor is getting that person's data, instead of mine?
What if you are on a family plan, it is a business phone, or registered in someone else's name?
These may sound like edge cases but even if it is only 5% of people that's tens of millions of people in the USA alone who could potentially get screwed by this.
Part of me thinks it would be a service for some newspaper to just publish a searchable website of all of it, so people can really feel the impact of it. It would be impossible to ignore. Or maybe just the info for all politicians in Washington.
Of course, this would enable all of the bottom-feeding scammers to get it too, so it would probably do more harm than good.
Attacks on Real Estate Agents: Be Prepared
Last month, the attack on a real estate agent in Encino, California, was brought to light as the incident was caught on camera. While we have all heard stories regarding the increase in attacks on agents, seeing it happen live on video made it very real for many and greatly impacted the agent community. No one wants to go to work afraid, not knowing who they will encounter each day.
Above is from Forewarn's blog https://www.forewarn.com/blog/attacks-on-real-estate-agents-...
So, while every real estate agent has cheap and instant access to all this data, the public is behind a paywall to see which doctors have been sanctioned. Where did we go wrong?
> In addition to those records, the product — owned by the data broker red violet — also supplies a given individual’s address history; phone, vehicle and property records; bankruptcies; and liens and judgements, including foreclosure histories.
> “It can be real creepy and you have to swear that you’re not going to use it in a wrong manner,” Hicks added, referring to Forewarn rules which say real estate agents can’t share data from the app publicly or with third parties, or use the app to pull information on non-professional contacts.
And with ~1.5M Realtors in the US, working for ~1/3M real estate firms, you know there will only be a trivial number of cases where it this product is misused...right?
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