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Former Firehouse in Rhode Island Needs a Buyer to Deliver New Spark

The chance to continue the evolution of an old Rhode Island firehouse should set off sparks in the minds of enterprising buyers. We found this mixed-use, 7,305-square-foot property in Providence on the market for the bargain price of $537,000. The bottom ...

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The next time you buy a house, it might not be from a real estate agentAt least, not an agent of flesh and bloodReal estate agencies and some startups have started employing robots to do some of the perfunctory jobs that their realtors typically do, incorporating artificial intelligence (AI) into their workplace. The Wall Street Journal (WSJ) highlighted three of these companies: A brokerage firm in Woodland Hills, California named REX, another California property management company, Zenplace, and a Brooklyn-based startup called VirtualAPTBoth REX and Zenplace employ robots to interface with clientsThe former places a robot named REX in seller’s homes to answer questions and collect data, while Zenplace uses robots to help their human agents communicate remotely with clients. VirtualAPT built a bot that can make three-dimensional videos of real estate propertyVirtual property tours are a convenience for prospective buyers with busy schedules, or who can’t physically visit a location. Robots may be able to simplify the process of buying property. They might also cut down on potential real estate agent commission costs that buyers typically have to payREX, for example, charges only a 2 percent commission — that’s below the 5 to 6 percent commission that agents usually bill sellers.freestar.queue.push(function () {

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