AI Explained: How AI is used in real estate
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Artificial intelligence is increasingly being used in the real estate industry to benefit sellers, buyers, and agents. However, there are also risks associated with the unchecked use of this technology.
The real estate industry is leveraging artificial intelligence to improve its operations. Sellers, buyers, and agents are using AI to their advantage, according to Rhode Island Association of Realtors President Mike Pereira and John Breault of Statewide MLS. The use of AI in real estate has grown significantly over the past three years, becoming a dominant topic at the National Association of Realtors convention. While AI offers benefits, it also poses risks if not used properly. The technology is being used in various ways, but the specifics of its applications were discussed on the AI Explained program. The program featured Pereira and Breault discussing the opportunities and challenges presented by AI in real estate.
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