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VARi knowledge partners in collaboration with Cambridge Finance deliver this course which is an essential primer on generative AI for real estate professionals. It covers the basics of what AI is and how to use it in an accessible way tailored to the real estate industry. It requires no technical knowledge or AI skills.

Duration – 1 day

CPD Hours – 7

Location: Virtual

Level – General

  • Overview
  • Prices & Dates
  • Content
  • Participants
  • Testimonials

Certificate in Real Estate Financial Modelling

Course Overview

VARi knowledge partners in collaboration with Cambridge Finance deliver this course which is an essential primer on generative AI for real estate professionals. It covers the basics of what AI is and how to use it in an accessible way tailored to the real estate industry. It requires no technical knowledge or AI skills.

We use experiential learning techniques that are both engaging and effective in delivering applicable knowledge fast.

The course is extremely practical and features multiple cases studies designed by a team of world-leading academics from University College London (ranked #1 in the world for Built Environment) specifically for this course.

Each case study demonstrates an application of state-of-art, research-based use of AI techniques to solve a very relatable problem.

All uses cases we present have been developed in-house by academics collaborating with industry experts. They have been extensively tested on real life problems by course instructors.

Pricing

Prices exclude VAT (if applicable) Contact us for Partner discounts.

Virtual Live

Attend the course, live from anywhere in the World.

£750

Early Booking
SAVE £75

Early Bird Discount when you book & pay at least 30 days in advance.

On Demand

Instant download of course materials & videos.

£600

Lifetime Instant
Access

Early Bird Discount when you book & pay at least 30 days in advance.

In House

Book this course for your in house team.

Price On Request

Please contact if your would like to discuss specific requirements or simple fill out our booking form below.

Dates

24
Jan
2025

Practical AI for Real Estate – in collaboration with VARi

Clock Icon 09:30 AM - 04:30 PM

Location Icon Virtual Online Live

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Course Content

Session 1 – Practical Introduction to AI Models

This session offers the essential knowledge of what AI is and how it operates, tailored for real estate professionals eager to incorporate AI into their business practices. It is designed to be accessible to everyone, irrespective of technical background, providing a necessary foundation for all subsequent sessions and future independent work with AI. More specifically, the session covers:

Strategies for minimizing AI output errors, effective prompting techniques, and an overview of the top AI products.

An accessible overview of artificial intelligence, with a particular focus on conversational AI and advanced language models like GPT-4.

The distinction between AI and traditional software, highlighting AI’s ability to derive rules from objectives, in contrast to the predefined rules in conventional software.

The inner workings of neural networks, the AI learning process, and text understanding through techniques such as tokenization, embedding, and self-attention.

Session 2 – Market Research with Generative AI

The session follows an office market research project to explain and demonstrate key skills for leveraging AI in handling documents and reports such as:

  • prompt engineering
  • AI-powered searching
  • critical thinking with AI
  • insights and recommendations with AI
  • limitations of AI in working with text

It delves into AI’s capability in enhancing document analysis, underscoring the significance of context in communication and the development of effective AI prompting strategies.

The session highlights the crucial role of AI in synthesizing vast amounts of market data, drawing objective, context-aware conclusions. It stresses the importance for real estate professionals to not only understand but also effectively utilize these advanced tools for gaining competitive insights.

Session 3 – Analysis, Strategy and Forecasting

The session introduces using generative AI in business analysis, in the real estate sector.

It starts by covering the integration of qualitative information in analysis, outlining the benefits and challenges of using qualitative data and how generative AI can enhance precision and speed in this context.

Then, it delves into the creation of strategies with AI assistance, highlighting steps like setting context, defining problems, specifying tasks, and prompt generation for effective strategy formulation.

It considers two key case studies: using AI as a tool to execute strategy generation and using AI as a consultant to develop a complete strategy for a specific problem.

Next, the session explores the application of AI in mathematical operations, contrasting the capabilities of Excel and large language models (LLMs) in handling mathematical tasks.

Finally, it progresses to practical aspects of strategic real estate analysis, like simple valuation, sensitivity analysis, and Monte Carlo Analysis, demonstrating how these can be approached using gen AI. It concludes with a case study on forecasting and building custom models using AI.

Session 4 – Data Visualisation

This session presents AI capabilities to write and execute code from natural language prompts using the example of creating data visualizations relevant to real estate professionals. In particular, it covers:

  • Basic data processing and analysis tasks using real data and how to turn it into an advanced analysis by entering the right prompts.
  • Creation, customization, and analysis of diverse chart types, including bar charts, pie charts, and time series plots, all made accessible through natural language commands.
  • How to effortlessly generate maps with your own data, regardless of technical skills or background.
  • Animated visualizations of graphs and maps, adding an engaging dimension to data presentation.
  • Development of interactive visualizations such as dynamic dashboards or even interactive maps.

Key takeaways include the ability to handle diverse data types, the use of AI to interpret code and generate visuals, and techniques for creating compelling, interactive data presentations.

Session 5 – Navigating AI in Real Estate

The session consists of three diverse presentations that delve into advanced aspects of AI and its practical applications in real estate.
First, Monika offers a deeper insight into the philosophical and technical intricacies of AI, discussing future trends, ethical considerations, and the impact of AI on the workforce.
Second, Thomas provides a more hands-on approach, detailing how AI can be pragmatically implemented in business operations, with a focus on efficiency and innovation.
Third, Niko concentrates on the practical aspects of integrating AI into businesses, particularly emphasizing the skills required for successful adoption and the transformation of job roles in an AI-driven corporate landscape.

Together, these lectures provide a comprehensive understanding of AI’s potential, challenges, and the evolving dynamics of its integration into various industries.

Who Should Attend?

This course is designed for real estate professionals who are eager to harness the power of artificial intelligence to gain a competitive edge in the industry. Whether you are a seasoned veteran or new to the field, this course offers valuable insights and practical tools to elevate your real estate business.

Ideal Participants:

  • Real Estate Agents: Looking to enhance their property listings, improve client interactions, and predict market trends with AI tools.
  • Property Managers: Interested in optimizing property management through predictive maintenance, tenant behavior analysis, and automated systems.
  • Real Estate Investors: Seeking to make data-driven investment decisions, identify lucrative opportunities, and manage portfolios more effectively.
  • Real Estate Brokers: Aiming to streamline operations, improve team performance, and leverage AI for market analysis.
  • Developers: Wanting to integrate AI into project planning, site selection, and market feasibility studies.
  • Marketing Professionals in Real Estate: Eager to utilize AI-driven marketing strategies, personalized advertising, and customer segmentation.
  • Real Estate Consultants: Looking to offer clients cutting-edge solutions and insights powered by AI technology.
  • Tech Enthusiasts in Real Estate: Interested in exploring the intersection of real estate and AI to drive innovation and efficiency.

Key Characteristics:

  • Curious and Innovative: Individuals who are open to adopting new technologies and are excited about the potential of AI in transforming the real estate landscape.
  • Data-Driven: Participants who value data and understand its importance in making informed business decisions.
  • Forward-Thinking: Professionals who are looking to stay ahead of industry trends and position themselves as leaders in the market.
  • Problem-Solvers: Those who seek practical solutions to common real estate challenges through the use of advanced AI tools.
  • Collaborative: Willing to engage with peers, share experiences, and learn from industry experts.

Benefits of Attending:

  • Hands-On Learning: Gain practical experience with AI tools and techniques specifically tailored for real estate applications.
  • Expert Insights: Learn from industry leaders and AI specialists about the latest trends and technologies.
  • Enhanced Skills: Develop a strong understanding of how AI can be applied to improve various aspects of the real estate business.
  • Competitive Advantage: Equip yourself with the knowledge and tools to stand out in a competitive market and drive business growth.

Join us to explore how AI can revolutionize your approach to real estate and unlock new opportunities for success!

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Practical AI for Real Estate – in collaboration with VARi