The article discusses the imminent transformation AI will bring to the real estate industry, particularly in how buyers and sellers interact with property listings. Traditional structures like MLSs exert control by restricting data access, but AI has the potential to democratize this information. As brokerages explore private listing networks to maintain exclusivity, AI is positioned to challenge and possibly dismantle these practices. The piece compares this evolving landscape to the music industry’s disruption through digital technology, indicating a shift towards transparency and better accessibility for all parties involved in real estate transactions.
AI will either break through these walled gardens or make them obsolete. It won't need industry approval—it will simply find the data wherever it exists and surface it to consumers.
Just as Napster made music freely available and Spotify rebuilt the industry around consumer choice, real estate data won't stay locked away.
Collection
[
|
...
]