Tag: real estate technology
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Compass Just Became the World’s Largest Brokerage. What Buyers and Sellers Should Know
Compass Inc. announced this month that it successfully acquired Anywhere Real Estate for $1.6 billion. A bargain. Consider the high-profile brands that AnywhereSM holds: Century 21, Coldwell Banker, Sotheby’s International, Better Homes and Gardens Real Estate, and Corcoran. Headquartered in New York, Compass is now the biggest real estate brokerage on Earth.
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From the Head of the Central Arizona Association of Realtors®: Hot Take on AI in Real Estate
Writing to agents about the impact of AI, Dennis Riccio, president of the Central Arizona Association of REALTORS®, offered a helpful take on the use and future of the technology in various stages of our deed transactions. Let’s look at the main points that came up involving the residential side of real estate.
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Get Up to Speed: Updated Guide to AI Fraud in Real Estate Deals
With home values as high as they are now, it’s no wonder swindlers target people involved in deed transactions and mortgages. High-stakes scammers tend to be smooth operators. Smoother than ever, with artificial intelligence (AI). So it’s good to know the warning signs, and investigate concerns when in doubt. Read on for a quick view…
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Game-Changer for Deed Transactions: Biometric Identity Checks
Fidelity National Financial (FNF®), the leading U.S. title insurance and settlement services company, will now integrate a biometric security system. FNF is partnering with CLEAR (Clearme.com), the airport security group. The goal? To protect home buyers, sellers, and agents from impersonation, malicious messages, and wire fraud. A safe deed is a wonderful thing. Then again,…
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The Amazon of Housing? Opendoor Styles Itself as Ecommerce for Homes
Eric Jackson, a hedge fund manager who founded EMJ Capital, is an activist shareholder in the real estate tech company Opendoor. On social media, Jackson uses the hashtag #OPENArmy to draw attention to the company. Jackson has also targeted the rapper Drake in marketing stunts. He says Opendoor’s stock could be worth hundreds of dollars.…
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What’s Next (And Do We Need It)? Real Estate AI Specialist Certification
At Deeds.com, we’ve been tracking the impact of artificial intelligence on the real estate industry for quite some time now. The Colibri Real Estate company is the latest to make its mark at this nexus. It’s rolling out a new AI certification for agents — the first of its kind. Colibri says 75% of the…
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AI Is Replacing Real Estate Professionals: True or False?
AI tools have been automating real estate sites, personalizing home searches, and handling a good deal of desk work for some time now. AI (artificial intelligence) gleans information from government records, the Multiple Listing Services, and other data sources. It’s used in marketing, budgeting, and communications. The vast majority of brokerages surveyed this year say…
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Can AI Empower Home Buyers to Represent Themselves? This Month, Homa Debuts in Florida
A new real estate company, Homa, says it can cut the “red tape, middlemen, and mystery” from the home buyer’s experience. It’s an AI-powered tool that helps customers handle their own purchases, step by step. Homa also claims to cut out the pressure and bias that buyers face in the traditional market.
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Real Estate, Meet the Bots. Not Everyone’s Amused.
Digs, a purveyor of software for home builders and managers, is doing what many companies are doing these days. It’s revving up the artificial intelligence (AI) tools on its platform. With Digs, home builders and deed holders collaborate and store information. They make digital twins to simulate touring or working in the actual homes. Builders,…
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What’s the Latest With AI in Real Estate? Ask Claire.
A company named reAlpha is a publicly traded firm focused on property technology — proptech. And it’s very big on artificial intelligence. But who’s Claire? That’s reAlpha’s Smart Buyer’s Agent. Claire is powered by generative AI. Claire helps the home buyer pick out the best homes to consider. Claire then provides data-informed virtual tours, and…
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Deed Records Go Digital: Getting Up to Speed in Delaware County, PA
Delaware County (“Delco” to the locals) is home to more than a half-million residents, making it Pennsylvania’s 5th most populated county. It borders the southwest edge of Philadelphia. It’s a little bit country, a little bit urban. It includes scenic Ridley Creek State Park. Several universities stand at least partly within it: Cheyney, Villanova, and…
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Tech in 2024: Real Estate’s Transformation Speeds Ahead
Tech continues to transform the real estate world. It helps us assess the value of property. It enables people to spot trends. It assists real estate pros as they market, map, and make predictions. It enables “dream home” buyers to participate in the design work. Most important of all, technology plays a housing affordability role.…
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eRecording Is Next-Level Deed Processing. Know What It Is, and Why It’s Legal.
For centuries, deeds went through a manual filing process for transmitting, recording, and storing. This is changing, with eRecording emerging as the new standard. Why the shift? The shutdowns in the early days of Covid jolted offices into a different mode of operating. Around the same time, county offices began strongly recommending eRecording. Electronic signatures…
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Can We Use AI Instead of Real Estate Agents Yet?
Real estate sites use AI to offer cutting-edge listing searches. And lenders use artificial intelligence when sizing up an applicant’s financial strength. Tech-focused online lenders employ AI to help them approve or reject loan applications right away. Additionally, AI can automate various business tasks, thereby reducing the risk of fraud. But can AI manage a…
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Ahoy There, Matey! Look Out for the Title Pirates
We all know about porch pirates… but look out for title pirates. They’ll take your whole porch. Title piracy is deed fraud. It happens when someone uses a deed to deliberately take over someone else’s real estate. It’s an unusual crime, but according to the National Association of REALTORS® (which cites FBI figures), it’s been…
