What will be more helpful to a home buyer when trying to select a house? A seasoned real estate broker or a computerized residential real estate robotic algorithm?
According to a recent test in Denver, the robot beat the humans in providing more homes preferred by the buyer.
The test was conducted by QValue, a Denver automated valuation model for the real estate industry created by Creed Smith and publicized in Inman News.
During the test last month, the recommendations of three Denver real estate professional brokers were compared with the homes recommended by the computerized algorithm. The recommendations were then ranked by the "buyer," (who in this case was played by John Rebchook, formerly the real estate editor of the Rocky Mountain News who now runs the DenverRealEstateWatch.com site).
The robot beat the humans in the test, according to Smith.
Read the full report in the Denver Business Journal: http://bit.ly/24OdJ0P.