This course was created just for real estate licensees to provide a broad overview of the Big Data explosion and how the square footage information within public records is impacting home values. Students will look inside the public records data collection process, analyze automated valuations and the revolution happening within the mortgage industry. You will discover the inside world of the MLS and how tax records influence all comparisons and valuations, explore the role of “Grade” in MLS and tax records, and examine CMAs and the power of price-per-square-foot using inaccurate property details. Public records and the Big Data myth of the “Official Record” for square footage will be revealed and students will learn why not to trust in Big Data, and specifically how it could impact Realtors® in the future.
This class will help agents better understand how public records, MLS, AVMs and CMAs are all intertwined, and how big data will impact the future for us all.