The special agent is the most common type of agent in the real estate business. A special agent is someone who is hired to perform a specific task, typically to represent a client in the buying or selling of a piece of property.
Our top pick of the best AI for real estate agents is Epique – “an artificial intelligence-powered platform for modern brokers” – this is how the company defines itself.
Narrow AI or weak AI. This is the most common type of AI that exists today. It's called narrow AI because it's trained to perform a single or narrow task, often far faster and better than humans can. Weak refers to the fact that the AI doesn't possess human-level general intelligence.
For real estate businesses, generative AI is revolutionary because it can analyze data and assist in making better judgments. It can also predict changes in market circumstances and property values. It provides realtors with information to help them make decisions about whether to buy, sell, or develop a property.
How to generate leads in real estate using AI? AI generates real estate leads by analyzing customer behavior, market trends, and online activities. Tools like AI chatbots engage prospects on websites, while predictive analytics identify high-potential buyers or sellers.
Predictive analytics Perhaps the most common and practical use of AI in real estate is predictive analytics. When you see an estimate on the value of a property, it's generally based on predictive analytics from AI.
Entera. Entera, one of the leading examples of AI in business, operating in the real estate industry, offers a residential real estate investing platform that leverages AI to provide automated processes and intelligent analytics for discovering, purchasing, and managing single-family homes.