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The Importance of Technology in Modern Real Estate Brokerage

The real estate sector, an industry that historically lagged in embracing technological advancements, is now rapidly catching up. The advent of digital tools is transforming the traditional landscape of real estate, making processes more efficient, transparent, and accessible. This article uncovers the crucial role that technology is playing in modern real estate brokerage.

 

1. Unraveling Real Estate Technology

Real estate technology, often dubbed as proptech, is a broad term covering a plethora of digital tools and platforms designed to streamline and enhance various facets of the real estate industry. These tools range from property management software to IoT-enabled smart home devices, all aiming to simplify transactions, manage properties more effectively, and deliver superior services to clients.

1.1 Tech-Driven Efficiency for Real Estate Companies

The primary motivation for real estate companies to embrace technology is the promise of increased business efficiency....

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NAR Report: Real Estate in a Digital Age + 9 Question Tech Quiz (Do you pass or fail?)

 

Where is the best place to find qualified real estate leads online? What social media markets are already saturated with REALTORS and which ones are full of opportunity? Where do buyers find information online and what are they looking for? 

These questions and more are answered during this video overview based on a new report from the National Association of REALTORS - Real Estate in a Digital World. Report Highlights

In the Real Estate in a Digital Age report, the process home buyers go through in the initial online search and how REALTORS® are connecting with customers in the digital space is examined. Some interesting findings (ton's more in the video overview)

  • In 2018, buyers worked with an agent 87 percent of the time to find their home, so trust in a REALTOR® is still king. While the initial process may start online, home buyers turn to the advice from a trusted real estate agent.

  • In addition to the home buying process, REALTORS® also...

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