Is AI going to take over Real Estate Agents?

Dan Lok Show

Dan Lok

Careers, Management, Entrepreneurship, Business

4.8 • 826 Ratings

🗓️ 8 January 2024

⏱️ 3 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this thought-provoking episode, we explore the fascinating topic of AI's potential impact on the real estate industry and the role of real estate agents. Join us as we delve into the question on everyone's minds: Is AI going to take over real estate agents? Gain valuable insights into the advancements of artificial intelligence and its growing presence in the real estate sector. Discover how AI technologies are transforming various aspects of the industry, from property search and valuation to customer interactions and predictive analytics. We'll examine the potential benefits and challenges that AI brings to the table and explore the evolving role of real estate agents in this changing landscape. Whether you're a real estate professional or an interested observer, this video provides a balanced perspective on the intersection of AI and real estate, helping you understand the possibilities and potential future scenarios that lie ahead. Join us to uncover the fascinating journey where technology and human expertise converge in the dynamic world of real estate.

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Transcript

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0:00.0	Is AI going to take over the real estate agents?
0:19.4	No, no, no. They talk about that, a agents? No. No, no.
0:21.6	They talk about that a lot.
0:23.6	No.
0:24.6	Now, is AI going to take over the business or replace agents?
0:28.6	No.
0:29.6	Because we invest in technology as a venture capital firms.
0:33.6	I think the agents who use AI to be more efficient, they would dominate the market.
0:38.5	Think about this. With internet, with even a lot of automation for real estate, let's say contract or everything else,
0:49.3	real estate is a very personal business. You need to talk to people.
0:55.0	As an agent, you are kind of the middle person
0:57.0	between the buy and seller.
0:59.0	There's a reason why there's a buffer for so many years,
1:02.0	if you think about it.
1:03.0	They could have easily buy and sell on their own.
1:05.0	But why such a big industry?
1:07.0	Because there needs to be their buffer.
1:09.0	Seller don't want to show their home themselves.
1:11.2	They need someone in between.
1:12.6	That's being the facilitator.
1:14.3	So I don't think so.
1:15.3	But it is going to change the industry a lot for sure.
	...

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