The article discusses the potential impact of artificial intelligence (AI) on the real estate industry, specifically the role of real estate agents. According to a report by Zillow, AI and machine learning technologies could make real estate agents obsolete for the home-buying process by 2024. The report suggests that AI algorithms will be able to analyze vast amounts of data, including property listings, market trends, and buyer preferences, to provide personalized recommendations and guidance to buyers. This could potentially eliminate the need for human agents, who traditionally serve as intermediaries between buyers and sellers. However, the article also notes that real estate agents may still play a role in the selling process, as negotiating skills and personal relationships remain important factors. Additionally, the adoption of AI in the real estate industry could lead to cost savings for buyers and sellers, as well as increased efficiency and transparency in the home-buying process. The article highlights the ongoing debate surrounding the impact of AI on various industries and the potential displacement of human workers.
Source: https://www.businessinsider.com/real-estate-agent-not-need-for-buying-home-2024-4