Proptech company Real Report has announced new features for its AI-powered assistant, Aiden, the company announced Thursday. This new feature leverages the power of multimodal artificial intelligence to instantly analyze and summarize complex real estate documents such as inspection reports, appraisals, and seller disclosures.
Multimodal AI technology allows advanced artificial intelligence systems to process and integrate different types of data inputs, such as text, images, and audio.
“Property documents provide important insights for real estate agents and their clients. However, they are often long, legalese-heavy, and poorly formatted, making them very cumbersome to review and understand. ” RealReports co-founder and CEO James Rogers said in a statement.
“Aiden, the AI co-pilot that powers RealReports, can now extract important details from documents, summarize them, and answer any questions you may have about the content, all in seconds.”
RealReports is a real estate platform that collects real estate data such as construction permits, climate risks, rental rates, flood insurance costs, remodeling potential, and appraisals in one place. Get information from over 30 data providers. Aiden can answer questions about a property and integrates multimodal capabilities with an AI assistant that can pull in property documents to reveal the latest information about a home.
According to RealReports, in an environment where agents are increasingly monitored, having a clear understanding of data trends is a competitive advantage. It also helps agents clearly communicate their unique values and services to homebuyers, sellers, and others.
This product is marketed to real estate agents, who can use it to build credibility during buyer and seller presentations, research before showings and offer submissions, and to generate leads. Rogers said it could also be used for open houses. .
RealReports has gained momentum in recent months, announcing numerous partnerships with major real estate brokerages and multiple listing services (MLS).
Earlier this month, the company partnered with New England-based PrimeMLS. In February, Illinois-based independent real estate brokerage Baird & Warner partnered with Real Report to allow the brokerage’s more than 2,000 agents to benefit from a wide range of real estate data.
