iCE iBuyers - the Good, the Bad and the Ugly! (2CE)

Description

This course is being offered through the Florida Realtors iCE program. (Interactive Continuing Education)

iBuyers (Instant Buyers) are a relatively recent phenomenon that is attracting a huge amount of attention from Venture Capitalists, Consumers and the Real Estate Industry. This business model offers quick sales at narrow margins and is intent on gaining a share of the 100 billion dollars earned annually by real estate professionals. As iBuyer companies garner headlines and news articles, there is, as always, a lot of confusion about who they are and how they operate. It is imperative that real estate agents be abl e to clarify that place in the industry for consumers who have concerns or questions. 

Objectives: After taking this class students will be able to: Understand the current state of the real estate industry and the impact of venture capitalist in the space.

• Understand the concepts of FinTech and PropTech
• Understand the concept of iBuyers 
• Identify the differences between iBuyers and traditional investment guaranteed sale programs
• Review and understand the current crop of iBuyers 
• Review the surprises of iBuying 
• Review and understand “iBuyer Adjacent” models 
• Define the benefits and weaknesses of iBuyer programs for consumers 
• Techniques for agents to use in markets with iBuyers 
• Identify business opportunities generated by iBuying platforms 
• Identify the strengths and weaknesses of iBuyer programs and the consumer

Instructor: Bill Lublin