ABSTRACT
Artificial Intelligence (AI) has become a transformative force in real estate and is being used in real estate in a variety of ways - Predictive analytics, 3D modelling, smart home devices, AI chatbots and financing, including mortgages. AI is also gaining popularity in underwriting to evaluate credit scores or employment history.
As AI continues to evolve, its role in shaping the future landscape of real estate is likely to become increasingly significant. To prepare ourselves for a future with AI in real estate, it is essential to focus on actionable steps that we can take to harness the full potential of AI effectively.
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KNOWLEDGE PARTNER
Patrick Yan has over two decades of experience in various domains and markets. In his role as Chief Innovation Officer, he is responsible for exploring and developing new products and opportunities that leverage and integrate REA’s unique combination of data, AI and technology.
He holds a Bachelor of Commerce degree from The University of British Columbia and has a global perspective, having worked in the US, UK, Canada and Singapore. He has witnessed and survived the dot-com crash and the 2008 financial crisis, gaining valuable insights and resilience in the process.