PropTech, FinTech, digital tools, automation, apps, software, blockchain, and AI applications.
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Foundation terms you need to know first (13 terms)
Professional real estate photography involves hiring skilled photographers to capture high-quality images of a property, showcasing its best features to attract potential buyers or tenants and maximize its market appeal.
Online real estate forums are digital communities where investors, agents, and other professionals connect to share knowledge, discuss strategies, and find opportunities in the real estate market.
Real estate software comprises specialized digital tools and applications designed to help investors, agents, and property managers streamline operations, analyze deals, and manage properties more efficiently.
A smart lock is an electronic and mechanical locking device that allows users to control access to a property remotely using a smartphone, keypad, or biometric data, enhancing security and convenience for real estate investors.
BiggerPockets is a leading online platform and community for real estate investors, offering extensive educational resources, forums, podcasts, and tools for all experience levels.
Complex strategies and professional concepts (9 terms)
Blockchain in real estate applies distributed ledger technology to enhance transparency, efficiency, and security in property transactions, ownership, and management through innovations like tokenization and smart contracts, fundamentally transforming the industry.
Disintermediation is the process of removing intermediaries from a transaction or supply chain, allowing direct interaction between parties. In real estate, this often means investors and borrowers or sellers engaging directly, bypassing traditional financial institutions, brokers, or other middlemen.
Smart contracts are self-executing agreements with the terms of the agreement directly written into lines of code, residing on a blockchain. They automate, verify, and enforce the negotiation or performance of a contract, eliminating the need for intermediaries.
A smart contract is a self-executing digital agreement with terms directly coded onto a blockchain, enabling automated, immutable, and transparent transactions without intermediaries.
Real Estate Tokenization is the process of converting real estate assets into digital tokens on a blockchain, representing fractional ownership or economic rights, and enabling enhanced liquidity and accessibility for investors.
BiggerPockets is a leading online platform and community for real estate investors, offering extensive educational resources, forums, podcasts, and tools for all experience levels.
Drones in real estate are unmanned aerial vehicles (UAVs) used to capture aerial photos, videos, and data for property marketing, inspections, and land surveys, offering unique perspectives and detailed insights.
The Multiple Listing Service (MLS) is a cooperative database used by real estate brokers and agents to list properties for sale and access comprehensive property information, facilitating real estate transactions.
Online real estate forums are digital communities where investors, agents, and other professionals connect to share knowledge, discuss strategies, and find opportunities in the real estate market.
An Online Travel Agency (OTA) is a digital marketplace that allows real estate investors to list and manage short-term rental properties, connecting them with travelers for temporary accommodations.
Professional real estate photography involves hiring skilled photographers to capture high-quality images of a property, showcasing its best features to attract potential buyers or tenants and maximize its market appeal.
PropTech, or Property Technology, refers to the application of technology and digital innovation to the real estate industry, streamlining processes like buying, selling, managing, and analyzing properties for greater efficiency and transparency.
A Real Estate CRM (Customer Relationship Management) system is a software tool designed specifically for real estate professionals to manage and analyze client interactions and data throughout the customer lifecycle, improving client relationships and driving sales growth.
Real estate data refers to any information collected about properties, markets, and economic factors that helps investors make informed decisions.
A real estate podcast is an audio program featuring interviews with investors and experts, offering education, strategies, and market insights for real estate investing.
Real estate software comprises specialized digital tools and applications designed to help investors, agents, and property managers streamline operations, analyze deals, and manage properties more efficiently.
A smart lock is an electronic and mechanical locking device that allows users to control access to a property remotely using a smartphone, keypad, or biometric data, enhancing security and convenience for real estate investors.
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