{"id":280,"date":"2024-03-31T18:38:05","date_gmt":"2024-03-31T18:38:05","guid":{"rendered":"https:\/\/www.spokeo.com\/pathfinder\/?p=280"},"modified":"2024-03-31T18:49:24","modified_gmt":"2024-03-31T18:49:24","slug":"skip-trace-real-estate","status":"publish","type":"post","link":"https:\/\/www.spokeo.com\/pathfinder\/skip-trace-real-estate\/","title":{"rendered":"Why Skip Tracing is Key for Real Estate Professionals"},"content":{"rendered":"\n<p>Making contact with potential sellers or clients is a core activity for real estate agents and their support staff.\u00a0 Much of an agent\u2019s time and promotional budget goes to advertising, networking, open houses, and other activities aimed specifically at making contacts that can yield leads, listings or sales.<\/p>\n\n\n\n<p>Yet not all potential sellers or clients can be reached through those means.\u00a0 Motivated agents can still find them, but doing so requires creativity and the use of unconventional tools and techniques.\u00a0 Some of those tools are borrowed from the skip tracing industry, usually used by collections and law enforcement agencies.\u00a0 It\u2019s slightly more challenging to skip trace in real estate, but the rewards can be significant.<\/p>\n\n\n\n<p>This article will explore the essence of skip tracking, underscore its pivotal role for real estate agents and realtors, and reveal why Spokeo For Business is the premier skip tracing solution for real estate professionals.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">What is Skip Tracing in Real Estate?<\/h3>\n\n\n\n<p>The term skip tracing derives from the slang phrase \u201cskip town,\u201d meaning that a debtor or fugitive is on the run.\u00a0 Skip tracing stands as an investigative method designed to uncover the whereabouts, contact details, or assets of hard-to-locate individuals, proving indispensable in the real estate sector for identifying elusive prospects or property owners.<\/p>\n\n\n\n<p>While the owner of a given property may indeed be on the run or incarcerated, typical reasons to skip trace in real estate are more prosaic.\u00a0 For example:<\/p>\n\n\n\n<ul>\n<li>Property owners in highly-desirable areas may be barraged with calls from agents, and take measures to actively avoid contact.<\/li>\n\n\n\n<li>A property\u2019s ownership may be murky because of a tangled inheritance, or because it\u2019s owned by a trust or LLC and its principals\u2019 identities are obscure.<\/li>\n\n\n\n<li>Agents may receive referrals with incomplete or no contact information beyond a name, or incorrectly note the name or telephone number of a contact made during an open house or other interaction.<\/li>\n<\/ul>\n\n\n\n<p>It\u2019s sometimes possible to resolve those situations through simple internet searches, but those surface-level searches are often unreliable, time-consuming, and offer a relatively low success rate. Skip tracing, however, relies on a diverse array of data sources, from public records, such as court, property, and tax documents, to the vast expanse of social media, offering a glimpse into personal and professional lives of individuals, alongside private databases that provide in-depth information on location history and financial backgrounds.<\/p>\n\n\n\n<p>Utilizing more powerful investigative methods and tools learned from the skip tracing industry can improve agents\u2019 likelihood of success, and with it their return on the time and money invested.\u00a0 These methods include more creative and comprehensive use of public sources, such as social media, as well as paid tools including specialized databases.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Limitations of Skip Tracing for Real Estate<\/h3>\n\n\n\n<p>There are plenty of extremely powerful skip tracing tools available on the market today.\u00a0 However, due to the regulated nature of the data they provide, most skip tracing tools necessitate permissible use cases.\u00a0 Typically, the data provided by skip tracing tools is sensitive personal information that\u2019s <a href=\"https:\/\/www.privacyworld.blog\/summary-of-data-privacy-protection-laws-in-the-united-states\/\">protected by law<\/a>, and only available to third parties under the <a href=\"https:\/\/www.ftc.gov\/business-guidance\/privacy-security\/gramm-leach-bliley-act\">Gramm-Leach-Bliley Act<\/a> (GLBA), for example.\u00a0 Because much of the data available through those services is derived from regulated data, it is also inaccessible to agents even if it can be replicated from unregulated sources.<\/p>\n\n\n\n<p><em><em>For more information about navigating the world of regulated and unregulated data for prospecting in real estate, check out <a href=\"https:\/\/www.spokeo.com\/pathfinder\/navigating-data-in-real-estate-the-advantage-of-having-spokeo-for-business-in-your-toolkit\/\">Spokeo\u2019s guide to Navigating Data in Real Estate<\/a>.<\/em><\/em><\/p>\n\n\n\n<p>This is where Spokeo for Business offers a distinct advantage for real estate professionals. It does not require real estate agents to demonstrate permissible use for skip tracing prospects because its scope is limited to publicly available, non-regulated data, providing a streamlined approach to locating elusive clients or property owners. This flexibility is pivotal, as it allows agents to conduct their searches without the stringent prerequisites that might limit the utility of other services.<\/p>\n\n\n\n<p>However, it&#8217;s essential for agents to remain mindful of ethical considerations and adhere to best practices in data usage, ensuring their activities are conducted with respect and due diligence.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/www.spokeo.com\/pathfinder\/wp-content\/uploads\/2024\/03\/pexels-andrea-piacquadio-3756681-1024x683.jpg\" alt=\"\" class=\"wp-image-287\" srcset=\"https:\/\/www.spokeo.com\/pathfinder\/wp-content\/uploads\/2024\/03\/pexels-andrea-piacquadio-3756681-1024x683.jpg 1024w, https:\/\/www.spokeo.com\/pathfinder\/wp-content\/uploads\/2024\/03\/pexels-andrea-piacquadio-3756681-300x200.jpg 300w, https:\/\/www.spokeo.com\/pathfinder\/wp-content\/uploads\/2024\/03\/pexels-andrea-piacquadio-3756681-768x512.jpg 768w, https:\/\/www.spokeo.com\/pathfinder\/wp-content\/uploads\/2024\/03\/pexels-andrea-piacquadio-3756681-1536x1024.jpg 1536w, https:\/\/www.spokeo.com\/pathfinder\/wp-content\/uploads\/2024\/03\/pexels-andrea-piacquadio-3756681-2048x1365.jpg 2048w, https:\/\/www.spokeo.com\/pathfinder\/wp-content\/uploads\/2024\/03\/pexels-andrea-piacquadio-3756681-1920x1280.jpg 1920w, https:\/\/www.spokeo.com\/pathfinder\/wp-content\/uploads\/2024\/03\/pexels-andrea-piacquadio-3756681-1170x780.jpg 1170w, https:\/\/www.spokeo.com\/pathfinder\/wp-content\/uploads\/2024\/03\/pexels-andrea-piacquadio-3756681-585x390.jpg 585w, https:\/\/www.spokeo.com\/pathfinder\/wp-content\/uploads\/2024\/03\/pexels-andrea-piacquadio-3756681-263x175.jpg 263w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">Spokeo for Business is Your Best Source of Unregulated Data<\/h3>\n\n\n\n<p>Spokeo for Business stands out by offering comprehensive insights within a framework that is optimal for the real estate sector.<\/p>\n\n\n\n<p>Spokeo\u2019s data is aggregated from billions of publicly available records and over 5,000 individual data sources, including property tax and court records, databases from all levels of government, social media accounts, and public datacollected by private partners.\u00a0 All of that data (and much more) is available through Spokeo\u2019s simple, intuitive search interface, within seconds.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Using Spokeo for Skip Tracing in Real Estate<\/h3>\n\n\n\n<p>Whatever partial data you have at your disposal \u2013 a name, a phone number, an address, an email, or even an online username \u2013 a simple Spokeo search will help you fill in the missing pieces.\u00a0 The information returned by that initial search will vary, based on what\u2019s available and depending on the individual, but will typically include some combination of:<\/p>\n\n\n\n<ul>\n<li>A list of people with the same name, and their salient personal details, if the name you\u2019ve searched matches more than one individual.\u00a0 In most cases you\u2019ll quickly determine which of those possible matches is the correct person.<\/li>\n\n\n\n<li>Additional telephone numbers associated with the name, address, email or telephone number you\u2019ve searched, including guidance on their recency and likelihood of being a currently-active number.<\/li>\n\n\n\n<li>The individual\u2019s most recent home address, a comprehensive location history, and property ownership records.<\/li>\n\n\n\n<li>Current employment data.<\/li>\n\n\n\n<li>Estimated value of properties known to be owned by the search subject.<\/li>\n\n\n\n<li>The individual\u2019s criminal history, if applicable (in some cases, a property\u2019s difficult-to-find owner may\u00a0 be incarcerated).<\/li>\n\n\n\n<li>Contact information for others who may be related to the subject of your search.<\/li>\n\n\n\n<li>Usernames for your search subject spanning over 120 apps and online platforms, including all major and many minor social media apps and sites.<\/li>\n<\/ul>\n\n\n\n<p>The latter is among the most powerful tools at your disposal.\u00a0 Spokeo launched originally as a social-media aggregator, and still offers unparalleled insight into your search subject\u2019s online life.<\/p>\n\n\n\n<p>Often the results of a single search, delivered within seconds, will provide all the data needed to successfully make contact.\u00a0 If not, using information from the initial results to craft additional searches will typically provide any still-missing data.\u00a0 Depending on the results received, agents might then (as long as done ethically and in a legally-compliant manner, especially related to telephone and online\/email solicitations):<\/p>\n\n\n\n<ul>\n<li>Reach out directly to the subject, using newly-acquired alternative contact information.<\/li>\n\n\n\n<li>Review the subject\u2019s public social media posts, and those of friends and acquaintances, either to establish the subject\u2019s location and\/or gauge the best methods for making contact.<\/li>\n\n\n\n<li>Reach out to the subject\u2019s personal connections, directly or through social media, to appeal for assistance in making contact.<\/li>\n\n\n\n<li>Draw on the financial and property records information in the search results to assess the subject\u2019s\u00a0 potential motivations for buying or selling.<\/li>\n<\/ul>\n\n\n\n<p>For those agents or agencies operating in a team setting, with multiple agents or staff performing searches, Spokeo For Business\u2019 streamlined dashboard allows administrators to easily oversee and monitor their team\u2019s search history, add and remove team members, and view saved reports.<\/p>\n\n\n\n<p>Aside from the innate efficiency gains, this enables administrators to gauge their usage and (if necessary) change their subscription level to match their actual needs.\u00a0 Administrators can also hold individual agents or staffers accountable for searches that may indicate unethical or inappropriate use of Spokeo\u2019s powerful data tools.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Skip Trace in Real Estate with Spokeo for Business<\/h3>\n\n\n\n<p>Spokeo For Business provides real estate professionals at any career stage with a competitive advantage.\u00a0 The product\u2019s user-centric design ensures that even tech-averse agents and staffers can use it with little to no training, but should training be required it\u2019s available as part of Spokeo\u2019s onboarding process.<\/p>\n\n\n\n<p><span id=\"docs-internal-guid-30a8dafb-7fff-5ea5-986d-6b57505a4659\"><span style=\"font-size: 11pt; font-family: &quot;Proxima Nova&quot;, sans-serif; color: rgb(0, 0, 0); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-variant-position: normal; vertical-align: baseline;\">Spokeo For Business is a safe choice for real estate professionals due to its offering of publicly available information.\u00a0 To be clear, it is still possible for individual agents to use their search results in ways that are unethical or potentially illegal; it remains the responsibility of agents and agencies to familiarize themselves, and remain in compliance with, any laws applicable in the jurisdictions where they operate. <\/span><\/span><\/p>\n\n\n\n<p>Ultimately, a hands-on trial is the best and most reliable way to assess the potential of a new tool. Ambitious agents and growth-minded agencies can arrange a demonstration of Spokeo For Business, or a trial of the product, by reaching out to our team through the contact form at the bottom of <a href=\"https:\/\/www.spokeo.com\/business\">this page<\/a>.<\/p>\n\n\n\n<p><em><em>Fred Decker is a prolific freelance writer based in Atlantic Canada, with articles appearing in print and online since 2007. He writes primarily on technology, personal finance, and food and foodservice, drawing on previous careers in those industries. He was educated at Memorial University of Newfoundland, Nova Scotia Community College, and the Northern Alberta Institute of Technology.<\/em><\/em><\/p>\n\n\n\n<p><em>Disclaimer: The information provided in this article does not, and is not intended to, constitute legal advice; instead, all information, content, and materials available are for general informational purposes only<\/em>.&nbsp; <em>Spokeo is not a consumer reporting agency as defined by the Fair Credit Reporting Act (FCRA). Do not use this site to make decisions about credit, employment, tenant screening, or any purpose covered by the FCRA.<\/em><\/p>\n\n\n\n<p>Sources<\/p>\n\n\n\n<p>Squire Patton Boggs: <a href=\"https:\/\/www.privacyworld.blog\/summary-of-data-privacy-protection-laws-in-the-united-states\/\">Overview of Privacy and Data Protection Laws: United States<\/a><\/p>\n\n\n\n<p>National Association of Realtors: <a href=\"https:\/\/www.nar.realtor\/washington-report\/ftc-issues-new-requirements-for-non-banking-financial-institutions\">FTC Issues New Requirements for Non-Banking Financial Institutions<\/a><\/p>\n\n\n\n<p>US Federal Trade Commission: <a href=\"https:\/\/www.ftc.gov\/business-guidance\/privacy-security\/gramm-leach-bliley-act\">Gramm-Leach-Bliley Act<\/a><\/p>\n\n\n\n<p>Squire Patton Boggs: <a href=\"https:\/\/www.privacyworld.blog\/summary-of-data-privacy-protection-laws-in-the-united-states\/\">Overview of Privacy and Data Protection Laws: United States<\/a>US Federal Trade Commission: <a href=\"https:\/\/www.ftc.gov\/legal-library\/browse\/statutes\/fair-credit-reporting-act\">Fair Credit Reporting Act<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Making contact with potential sellers or clients is a core activity for real estate&hellip;<\/p>\n","protected":false},"author":4,"featured_media":282,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What is Skip Tracing in Real Estate? 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