iCE iBuyers - the Good, the Bad and the Ugly! (2CE)
Thursday, October 5, 2023 (1:00 PM - 3:00 PM) (EDT)
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
General Education
Continuing Education