Agentology, the referral network for real estate agents, closes on $4.5 million

Real estate is one of those industries that has been rather slow on the uptake of technology, which makes a lot of sense. Buying and selling a home is one of the biggest, most personal decisions in a person’s life, and the shift to online browsing, transactions, etc. was bound to take longer than other sectors.

Brokers, too, have grown accustomed to their ways and are usually hesitant to use technology to upgrade their processes.

But Agentology hopes to change all that.

According to Agentology, agents are 21x more likely to convert cold leads into clients if they engage with those leads within five minutes of the buyer or seller reaching out.

Unfortunately, many of these leads go unanswered. Agentology says that brokers spend billions for lead generation and yet often leave around half of those leads unanswered, either because they can’t get to them quickly or because those leads don’t make sense for their particular skill set.

Agentology tries to solve this by using a combination of machine learning and humans to respond to every lead within five minutes, 24 hours a day, 7 days a week, across multiple channels like text, phone, and email.

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These conversations work towards qualifying the lead, and the full conversation around any lead is handed over to agents with full transparency, where those agents can check on all back-logged communication.

But even with a service that qualifies leads and keeps them warm right from the get-go, agents still can’t take on every single qualified lead that comes their way, either…

Read the full article from the Source…

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