Protecting Our Seniors

Protecting Our Seniors: Advice from an SRES® on Avoiding Scams

As a Seniors Real Estate Specialist (SRES®), I’ve had the privilege of working closely with older adults and their families during some of life’s most important transitions. Unfortunately, I’ve also seen how vulnerable this population can be to financial scams—especially in real estate and investment contexts.

In 2024 alone, elderly Texans (those over 60) reported nearly 9,500 scams, resulting in a staggering $490 million in losses, according to the FBI. And that’s just what was reported. These scams often go unrecognized or unreported due to embarrassment or confusion.

Why Are Older Adults Targeted?

Scammers often target seniors because they may:

• Be more trusting of strangers
• Have accumulated savings or assets
• Be less familiar with digital threats
• Experience cognitive decline that makes them more susceptible

Common Scams to Watch For

Here are a few scams I always warn my clients about:

• Real estate fraud: Fake listings, forged documents, or pressure to sign confusing contracts.
• Investment scams: Promises of high returns with little risk—often targeting retirement savings.
• Tech support scams: Calls or pop-ups claiming your computer is infected.
• Government impersonation: Scammers pretending to be from the IRS, Social Security, or Medicare.

What I Recommend as an SRES®

As someone trained to serve the unique needs of maturing Americans, here’s my advice:

1. Stay Informed
   Resources like the AARP Fraud Watch Network and the Federal Trade Commission’s Pass It On campaign are excellent for learning about current scams and how to avoid them.
2. Verify Everything
   If something feels off—whether it’s a phone call, email, or even a real estate offer—pause and verify. I always encourage my clients to call me or a trusted advisor before making any decisions.
3. Use Trusted Professionals
   Whether buying, selling, or refinancing, work with professionals who understand the needs of older adults. The SRES® designation means I’ve received specialized training to help protect your interests.
4. Talk About It
   Scammers thrive in silence. If you or a loved one has been targeted, report it to ReportFraud.ftc.gov or IdentityTheft.gov. Talking about these experiences helps others stay safe.

Final Thoughts

World Elder Abuse Awareness Day, observed on June 15, reminds us that protecting our seniors is a shared responsibility. Whether you’re a family member, caregiver, or professional, staying informed and vigilant can make all the difference.

If you ever have questions or concerns about a real estate transaction—or just want to talk through something that doesn’t feel right—I’m here to help.

This post was informed by the June 16, 2025 article from Texas REALTORS® magazine and additional resources from the FTC, AARP, and other trusted organizations.