Listed real estate software company reAlpha Tech Corp (AIRE) has launched a so-called “super app” that will provide an end-to-end free solution for home buying agents.
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Listed real estate software company reAlpha Tech Corp (AIRE) has launched a so-called “super app” that will provide a free solution for end-to-end homebuying representation and service, powered in part by artificial intelligence called Claire.
In an Aug. 20 press release, reAlpha directly cited the new rules established as part of a settlement agreement between the National Association of Realtors and a class of consumers seeking change from traditional methods of paying real estate commissions. Make compensation.
The app does not charge homebuyers a commission for use and includes human intervention and support from licensed sales professionals, according to the release. It offers home search, boat ownership and escrow services.
The app was once called Claire, but its new version reflects deeper integration with artificial intelligence and a more comprehensive consumer-first experience in a mobile environment.
“The timing of this launch coincides with a shift in the real estate industry, as the National Association of Realtors (NAR) recently reached a settlement that eliminated the standard 6% sales commission on home purchases. These rule changes took effect on August 17, and reAlpha believes these The changes make its commission-free product more attractive to homebuyers,” the release said.
All in all, this app is a digital buyer service solution. Highlights include “commission-free home buying,” support from artificial intelligence real estate agent Claire, and artificial intelligence-based natural language house search and recommendations.
Claire provides 24/7 support for general app usage, as well as market insights and answers to questions about the home buying process, including offer submission and negotiation. The company said it can also review and extract transaction documents. This will include a home inspection overview, settlement statement, and an easier-to-understand analysis of the contract, addendums, and other related paperwork.
“At reAlpha, we know that buying a home is the largest and most important decision many people make,” reAlpha President and Chief Operating Officer Mike Logozzo said in a press release. “We believe in using artificial intelligence to create more personal and supportive experiences. Home Buying Experience. The reAlpha Super App is designed to provide home buyers with all the tools and support they could need to find their dream home at a great price and with the best possible experience, all from their mobile device.
The July 2024 acquisition of Hyperfast, a title company licensed in Florida, Virginia and Tennessee, will allow reAlpha to provide built-in title services and provide more meaningful custom home buying needs when the company A licensing agent can step in.
The company acquired the artificial intelligence investment analysis tool in 2023, when it was focused on income properties.
An Inman report said the company sold a retail-grade fractional investment platform that provides a broad range of users with the ability to take stakes in Airbnb homes and other STR opportunities. Its GenA product uses artificial intelligence to create marketing content for STR landlords, similar to what many tools in the residential sales world do for listing agents.
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