Artificial intelligence is the latest competition for real estate agents

  • Brokerage REX Real Estate Exchange uses artificial intelligence and machine learning instead of real estate agents to sell homes.
  • REX computers crunch over a hundred thousand data points to find the likely buyers for a home and targets them with digital ads.
  • REX also deploys robots at open houses in order to answer questions.
  • The company charges a 2 percent commission instead of the typical 5 to 6 percent that real estate agents charge.

Related Post

Artificial intelligence (AI) AND Freight & Shipping

Artificial intelligence (AI) AND Freight & Shipping Transportation companies use AI and the IoT to mitigate costly repairs…

Read more

AI’s Growing Impact on Healthcare and Medical Education

AI’s Growing Impact on Healthcare and Medical Education will Open up Countless Future Opportunities for Technology Innovators Artificial…

Read more

Selecting Property Management Software: Problems and Solutions

Selecting Property Management Software: Problems and Solutions The key difficulties of implementing property management software systems as the…

Read more
You have already added 0 property

Login

Forgot Password?

Register