Artificial Intelligence Is the Latest Competition for Real Estate Agents

As we move further into the Futurization of Real Estate, Artificial Intelligence (AI) is transforming and enhancing real estate transactions for both buyers and real estate professionals. Of course, you will probably find that you will still need a real estate agent when it comes to selling/buying your home (if you are in need of one then you can easily go on getagent for this). Some people just like dealing with an actual person, rather then just a robot. However, times are changing.

tiago-rodrigues-390292-unsplashMerriam-Webster defines Artificial Intelligence as the capability of a machine to imitate intelligent human behaviour. According to CNBC, AI is the latest competition for real estate agents. While real estate has always been very relationship-driven, computers can process and analyze thousands of data points, targeting and assisting buyers in a way that humans can’t. AI improves efficiency, reduces costs, and can act as a round-the-clock source of information and support.

However, many people still prefer to deal with an actual person when purchasing a property. For that reason, AI is very effective when it is utilized together with real-life agents. AI can also assist agents themselves by automating work and increasing productivity. This can be put into practice by using synthetic data companies that can aid with constructing data annotations that will help by building on AI applications, making this process easier for agents.

REIN is Canada’s leading source of educational resources for real estate investors. Our unique & proprietary process defines shapes and configures one?s financial future by design achieved through profiling, planning, preparing and partnering inside the realm of real estate.

For more REIN resources, EXCLUSIVE national, provincial and local research, education & more, check out All Access.

Keep up to date with the latest REIN news and events! Subscribe now:

Stay Connected

All Access

Twitter Feed