The C.R.I.B. will operate a platform much like the current
crowdfunding websites. Members of The C.R.I.B. buy "time to pitch" on
the platform and pay a fee for the amount of time it takes to raise the
funds. [Current estimate is $100 for 30 days.]
The
platform will facilitate collecting funds, and Buyer and Investors will
decide where to deposit the funds, e.g. Bank Checking Account, Lawyer's Escrow Account, etc...
Once raised, the BUYER AND INVESTORS will form a Limited Liability Company (LLC) to facilitate all business under their agreement. The C.R.I.B. will provide templates and/or referrals when asked by members.
BUYERS still obtain the services of a lawyer, real estate agent, home inspector and others to assist in the process.
INVESTORS pay for the formation of the LLC that will constitute the Investment Group, their own legal representative, and Title company.