Commissions on transactions will decline as a percentage, but agents will be making more money because the number of transactions will go up as they become increasingly frictionless.
Watch Leo Pareja, CEO of Remine, and Kevin Foreman, vice president and general manager of Inrix, discuss innovative uses of huge sets of data in the transportation and real estate industries.
Foreman predicts that commissions on transactions will go down as a percentage, but agents will be making more money because the number of transactions will go up as they become increasingly frictionless.
Inrix is a big data company that collects and uses traffic data both from road and vehicle sensors. It’s used across a wide range of companies including real estate.
Remine is a real estate data company known for its ability to predict which homes are likely to sell based on its analysis of consumer and real estate data.
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