Monthly Archives March 2018

Artificial intelligence is the latest competition for real estate agents

Instead of hiring a real estate agent, Ron and Marilyn Hougardy essentially recruited a computer to sell their four-bedroom home in Thousand Oaks, California last December.

The couple was motivated by the 2 percent commission they would pay the artificial intelligence-driven service run by REX Real Estate Exchange instead of the typical 5 to 6 percent paid to a human broker who would find buyers for them.

"It was kind of swimming upstream to make this decision, but we decided let’s try it out," Ron Hougardy, a project manager, said. The home was listed for $880,000 and sold for $890,500 in January, he said.

The bidders for the Hougardys’ home weren’t found by an agent adding the home to a multiple listing service, which feeds that information to Zillow, Trulia and Realtor.com.

Instead, com...

Read More

University Sends Acceptance Emails to Wrong Students

Waiting to hear back from colleges just got a whole lot more stressful. The University of Colorado, Colorado Springs (UCCS) accidently sent out 11,000 acceptance emails last week, CBS Denver reported on Friday.

The incorrect email read “Welcome to the UCCS Mountain Lion Family.” The email also referred to “next steps,” including registration for the university’s orientation and applications for housing and financial aid, Fox Denver reported Sunday. Around 15 minutes after sending the email, UCCS started receiving calls about the acceptance news.

One of those applicants was Connor Ireland, a high school senior living in Aurora, Colorado for whom UCCS was a top choice.

“I applied for UCCS and a couple other places...

Read More