** Canceled ** iBuyers: The Good, The Bad, and The Ugly (2CE)

Description

** Canceled ** iBuyers (Instant Buyers) are a relatively recent phenomenon that is attracting a hug 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 able 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: Edgardo Balentine