LAS VEGAS (KTNV) — Artificial intelligence is redefining the way businesses operate across the country, and your local real estate company is hoping to be one of them.
But the question is, what do you think about using an AI real estate agent for your next home purchase?
Channel 13 introduces Luxora, America's first AI conversational luxury real estate agent.
Luxora was founded by a Las Vegas luxury real estate group. Broker and owner Bruce Hyatt said he partnered with a technology platform to make this possible.
“I thought it was amazing! This might finally be available.” [a] change [to] I think this is an old-fashioned, very traditional business,” Hyatt told me.
This is more than just your run-of-the-mill website. This conversational AI system is rewriting the rules of finding real estate here in Las Vegas. Potential buyers don't even have to leave their house or apartment to view the property.
“We've created our own, very unique database where you can search for elements of luxury homes,” Hyatt explained.
So how does it work?
The process of finding your dream home is as easy as having a conversation. Instead of sifting through an endless list, just tell Luxora what you're looking for.
Luxora finds vacant homes and provides immersive property tours and specific property details.
“Users who spend millions of dollars on a home will spend hours searching to find these elements,” Hiatt said. “They go through the photos. They spend hours looking through them, whereas we do it in seconds.”
Can AI replace the personal touch of a human real estate agent?
Chloe Rodriguez, who lives in Las Vegas, told me she doesn't think AI can do the job.
“Honestly, I want a real person,” she said. “Talking to people is more approachable, and communication and response times are faster.”
What about job security for real estate agents?
“That's a great question,” Hiatt said. “Avatars are not authorized agents. They are advisors. They need an agent to work with them.”
Hiatt added that the technology is aimed at improving the experience for both buyers and sellers. He says it's about combining cutting-edge technology with the human connections that are so important in the world of real estate.
While some locals say this is alarming, Hyatt said it will make buying and selling property more efficient and accessible to everyone.
“Our goal is to let buyers know everything there is to know about a home when they walk in. There are very few questions that buyers should ask when they walk into a home.”
Hyatt said the technology will first be used to allow buyers to meet with a real estate agent in person to have all their questions answered about the home before viewing it. He added that other real estate companies will soon use the technology.