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  1. Future Prospects

Meta Agent

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Last updated 8 months ago

Benefits For Real Estate Agents Adopting Real Estate NFTs

Innovative Ways To Transfer Homeownership:

By embracing tokenized real estate realtors can provide a layer of security and transparency to clients and document sharing. Offering experience and knowledge in this new avenue to sell property positions themselves, to their younger clients, which might lead to more sales and commissions.

Gain Greater Trust From Clients:

Through the use of blockchain technology, all transaction records are stored securely on the blockchain for easy access and complete transparency. Hence the agents may gain greater trust from their clients as they can be sure that no one is tampering with or manipulating any data.

Simplify Property Transfers:

By tokenizing a property, agents can significantly simplify the process of transferring ownership rights over an asset. This potentially leaves more downtime for the realtor or opportunities to sell more property.

Open Up New Opportunities:

Realtors may choose to expand their agents’ market reach internationally by allowing buyers and sellers to connect and transact with one another regardless of location or border. This may potentially lead to better commissions and more sales.

Meta Agent benefits Fractional Ownership:

By allowing fractional ownership, blockchain also lowers the barriers to real estate investing. Typically, investments would require significant money upfront in order to acquire property. Alternatively, investors could also pool their money to acquire bigger ticket properties. Through blockchain, investors would simply have to access a trading app to buy and sell even fractions of tokens as they see fit. In addition, fractional ownership would also help them avoid managing the properties themselves such as maintenance and leasing.

Upkeep alone can add up to significant costs and dealing with tenants may be a troublesome effort. This also affects related activities such as lending where property owners often have to put their properties as collateral for loans in order to get quick access to cash. Depending on the terms, property owners may also continue enjoying the use of their property.

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