In this special episode of The Deal Room Podcast, recorded live at the 2023 AIBB national conference, Aron Rubulis and Matt Ensing join Joanna to dive into the fascinating world of AI in business broking. They share market trends they’re seeing with their broker clients and how AI is being adopted in their marketing and general business practices.
They also discuss the challenges brokers face in using AI tools effectively (including when NOT to use it or depend on it) and share their thoughts on the future of AI in business broking, AND they even throw Joanna a curve ball and ask if the rumours are true – will Ai be replacing lawyers any time soon?
So buckle up and get ready for a deep dive into all things AI, automation and business broking on this LIVE episode of the TDR Podcast!
ABOUT OUR GUEST
Our guests today are Chief Executive Officer, Aron Rubulis and Matt Ensing, Head of Business Development, leading the team at Aro Software.
Aro has been pioneering Australian Real Estate Technology since 2008. Aro Software works with more than 4000 real estate agents & business brokers across Australia to set up their business marketing systems to ensure their listings stand out in today’s competitive marketplace. They have a free 47-point checklist to show brokers how to get started today.
Visit
Connect with Aron on LinkedIn & Matt on Linkedin
[EP 269] AI, Tech & Automation Trends: Opportunities in business broking & will it replace lawyers? ( | Aspect Legal (
date 2024-11-16 06:33:49
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author UCzOYl7SyEeFmr0R86QaTodQ
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Episode Summary:
In this episode, the host, Joanna Oki, interviews Aaron and Matt from Aros Software, discussing the latest trends in business brokerage and the role of AI, tech, and automation. They share insights on how brokers are adopting AI to streamline their systems, improve communication with buyers, and increase efficiency. Aaron and Matt highlight that while AI can automate repetitive tasks, it won’t replace the importance of human lawyers in business transactions.
Key points:
- AI is gaining popularity in business broking, with brokers using it to write listing descriptions and market their business.
- Aros Software is focused on automation, helping brokers with database management, marketing, and automatic communication with clients.
- AI can create a lot of content, but 30-50% of it is inaccurate, emphasizing the need for human judgment and expertise.
- AI won’t replace the need for lawyers in business transactions, as it can’t provide the same level of advice, negotiation, and insight.
- Automation can free up time for lawyers to focus on higher-value work, such as driving deals and providing strategic guidance.
Overall, the episode highlights the opportunities that AI and automation bring to business broking, but also acknowledges the limitations and potential pitfalls. Lawyers can play a crucial role in navigating these changes and ensuring that AI and automation are used to augment their work, rather than replace it.
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