CEO/Founder of Ask DOSS, a voice-activated digital real estate assistant that’s like having a REALTOR in your pocket. #proptech
Today, everything that could technologically cause real estate agents to become obsolete already exists. As the old phrase says, “What goes up, must eventually come down!” The real estate industry was more formally founded in 1908 as the National Association of Real Estate Exchanges in Chicago, Illinois. It went through two separate name changes in 1916 and 1972, it became the National Association of Realtors (NAR) known to today’s consumers. Created more than eight decades before the internet was commercialized in 1995, the real estate industry, along with everybody else, was unsure if not outright skeptical about the World Wide Web and its potential of becoming the next paradigm shift.
Fast forward to 2021, 26 years after the internet was commercialized, and the core structure of the real estate industry still hasn’t changed much. Given all the technological advancements and law changes over the decades, the cost — commissions — to transact real estate is still relatively the same with real estate agents still indispensably at the center of the real estate transaction. Buyers almost always need to be