The Transforming Role of AI In the Real Estate Industry

This CPD event is designed to equip real estate professionals with essential knowledge and strategies to navigate the transformative impact of artificial intelligence in the real estate industry. As AI continues to revolutionize various aspects of property management, valuation, development, and market analysis, understanding its applications and implications is crucial for maintaining a competitive edge. Gain valuable knowledge on AI governance, regulation, and the potential challenges and opportunities that AI presents in the real estate sector.


Event Date: 18 December 2024, Wednesday, 8.00pm to 11.00pm

CPD Credits: 3 CPD hours APPLIED with BOVAEP

PEPS Member price: RM150

Non PEPS Member Price: RM200

Online CPD


For Non-PEPS Members

For PEPS Members Only

Key Topics

  • Introduction of AI
  • The working of AI system
  • The importance of AI
  • Components of AI
  • AI Governance and Regulation
  • Usage of AI in Real Estate
    • Property Valuation
    • Property Management
    • Property Development
    • Lead Generation
    • Fraud Detection
    • Market Analysis
    • Virtual Tours
  • Potential Impact of AI on Real Estate Industry
  • Issues and Challenges
  • The way forward with AI in Real Estate

Learning Outcomes

These learning outcomes aim to provide non-tech real estate professionals with a general understanding of AI and its applications in the real estate industry, equipping them with the knowledge to leverage AI technologies effectively.

  • Comprehend the foundational principles and concepts of artificial intelligence (AI).
  • Describe the workings and components of AI systems.
  • Appreciate the significance of AI in modern technology and its impact on various industries.
  • Identify and understand the components that constitute AI systems.
  • Discuss the governance and regulatory frameworks surrounding the use of AI.
  • Understand how AI can be used to improve accuracy and efficiency in property valuation processes.
  • Understand how AI can help in property management tasks such as maintenance scheduling and tenant interactions.
  • Leverage AI for strategic planning and execution in property development.
  • Implement AI-driven strategies for effective lead generation in real estate marketing.
  • Detect and prevent fraudulent activities using AI-based fraud detection mechanisms.
  • Conduct comprehensive market analysis using AI to forecast trends and inform strategic decisions.
  • Create and manage immersive virtual tours to improve property accessibility and buyer engagement.
  • Assess the potential impacts of AI on various facets of the real estate industry, including economic and operational aspects.
  • Identify and address key issues and challenges related to the integration of AI in real estate, such as data privacy, security, and ethical considerations.
  • Formulate strategies for the effective adoption and implementation of AI in real estate practices, ensuring sustainable growth and competitive advantage.
  • Recognize the importance of continuous improvement, training, and ethical development in maximizing the benefits of AI in real estate

Who Will Benefit

  • Real Estate Agents
  • Property Managers
  • Real Estate Valuers
  • Compliance and Risk Management Professionals
  • Marketing and Sales Team in Real Estate Firms
  • Real Estate Consultants

Speaker

Dr Ethan Yeoh

Ethan's career journey began as a Software Engineer and progressed into pivotal roles within AI, data, and automation. His academic accomplishments included earning a doctorate and master's degree, demonstrating his deep involvement in technology research. He has held positions at esteemed organizations such as Fraser & Neave (F&N), AXA, Petronas, Accenture/Avanade, Mercedes Benz, and AMD, where he led groundbreaking projects in AI, Automation, Data analytics, and software development, showcasing his talent for driving innovative digital solutions. Ethan embodies a lifelong commitment to learning, continuously adapting to industry changes, a quality that underpins his highly successful career

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