A prediction by Institute of Real Estate Management (IREM) president E. Craig Suhrbier, CPM, is that the real estate management industry is ready to adopt new technologies that will improve business processes, generate revenue, and increase value for both client and customer. “With 4,400 new Web sites launching every day and 500 technology companies targeting real estate exclusively, the real estate industry has now opened the floodgates to adopting new technologies,” he said.
In addition, Suhrbier identified 12 key technology trends that the real estate management industry will face in the next 12 to 24 months. The trends range from using B2B exchanges to developing customer e-services based on the organization’s core competencies.
Suhrbier, who spoke during the recent National Association of Realtors annual convention, concluded by saying, “By creating e-opportunities that are based on their organization’s strengths, not weaknesses, and by adopting a business approach that combines creativity, innovation, and risk-taking, the real estate management professional of tomorrow will be well prepared to succeed in the New Economy.”
For additional information on IREM, visit www.irem.org.
