Not a certainty this transaction will happen has been what have been told last time better half and I purchased a home. Don’t purchase a home often but was told it was a wire transfer and the money was not insured and if was lost their was no recourse to get the money back. I was shocked but at that point was too late to stop the already begun transfer
Now maybe what they were referring to is that it can’t be undone. You can’t challenge it like a card or regular check transaction. Which would mean that if somebody has scammed you into giving them a wire transfer nothing can be done. That’s part of why the real estate industry likes them. Once you wire transfer that money it’s THERE, you can’t get it back. Depending on how things go down they might refund it, but you can’t suck it back from your end.