What are some examples of cyber-crime claims that Better Homes And Gardens Real Estate could face?
Better_Homes_And_Gardens_Real_Estate Franchise · 2025 FDDAnswer from 2025 FDD Document
- cyber-crime claims, including claims related to the diversion of homesale transaction closing funds;
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 75–76)
What This Means (2025 FDD)
According to the 2025 Franchise Disclosure Document, Better Homes And Gardens Real Estate could face cyber-crime claims related to the diversion of homesale transaction closing funds. This means that the company or its franchisees could be targets of cyberattacks aimed at stealing funds involved in real estate transactions.
For a prospective franchisee, this highlights the importance of robust cybersecurity measures. Franchisees should ensure they have systems in place to protect sensitive financial information and prevent unauthorized access to transaction funds. This may include investing in advanced security software, training employees on cybersecurity best practices, and implementing strict protocols for verifying fund transfer requests.
The risk of cyber-crime is a growing concern for all businesses, but real estate companies are particularly vulnerable due to the large sums of money involved in each transaction. Better Homes And Gardens Real Estate franchisees should be aware of this risk and take proactive steps to mitigate it. Franchisees should also confirm what support Better Homes And Gardens Real Estate provides in terms of cybersecurity training, software, and protocols.