Lately, I have been doing something I do not often allow myself to do. I have been wondering if I am becoming obsolete.
Not
because the phone has stopped ringing or because deals have dried up. Quite the
opposite. But artificial intelligence has arrived with such speed and
capability that it forces an uncomfortable question.
What
happens if a machine can do what I do?
Last
year, I wrote a book titled The SEQUENCE, a framework that outlines the
lifecycle of a commercial real estate transaction. Source. Evaluate. Qualify.
Under Control. Execute. Negotiate and Close. Expand.
Every
deal follows this cadence. Every broker, whether they realize it or not, is
executing some version of this sequence daily.
So
I began to ask myself what it would look like if AI replaced each step.
Let’s walk through it.
Let’s walk through it.
Source
AI already knows who owns what, when their loan matures, what they paid, what their tenant roster looks like, and whether they are likely to sell. It can scrape, sort, and predict motivation faster than any human prospecting effort.
AI already knows who owns what, when their loan matures, what they paid, what their tenant roster looks like, and whether they are likely to sell. It can scrape, sort, and predict motivation faster than any human prospecting effort.
The
days of pounding the phones may give way to prompting the machine.
Evaluate
Need a comp analysis. Done in seconds. Need a lease versus own model. Instant. AI can analyze market trends, demographic shifts, and financial scenarios with precision and speed no human can match.
What used to take hours, sometimes days, can now be done almost instantly.
Need a comp analysis. Done in seconds. Need a lease versus own model. Instant. AI can analyze market trends, demographic shifts, and financial scenarios with precision and speed no human can match.
What used to take hours, sometimes days, can now be done almost instantly.
Qualify
Here is where it gets interesting. AI can ask questions. It can even ask good questions. It can analyze responses, detect patterns, and score the likelihood of a deal closing.
Here is where it gets interesting. AI can ask questions. It can even ask good questions. It can analyze responses, detect patterns, and score the likelihood of a deal closing.
But
can it read hesitation. Can it sense when a client says one thing but means
another.
That
remains to be seen.
Under
Control
Proposals, presentations, and follow-ups can be automated. Perfectly formatted. Delivered instantly. AI does not forget to send the email. It does not get nervous in a meeting. It does not miss a detail.
Proposals, presentations, and follow-ups can be automated. Perfectly formatted. Delivered instantly. AI does not forget to send the email. It does not get nervous in a meeting. It does not miss a detail.
But
it also does not build trust over lunch. It does not shake a hand. It does not
look someone in the eye and say, I have got this.
Execute
Transaction management is already being streamlined by technology. AI can coordinate timelines, track documents, and ensure deadlines are met without error.
Transaction management is already being streamlined by technology. AI can coordinate timelines, track documents, and ensure deadlines are met without error.
No
dropped balls. No missed signatures.
Negotiate
and Close
Now we enter the gray area.
Now we enter the gray area.
AI
can model outcomes. It can suggest optimal terms. It can even simulate
negotiation scenarios.
But negotiation is not just math. It is emotion. It is timing. It is knowing when to push and when to pause.
But negotiation is not just math. It is emotion. It is timing. It is knowing when to push and when to pause.
It
is reading the silence on the other end of the phone.
That
is harder to replicate.
Expand
AI can absolutely help here. Marketing the deal. Broadcasting success. Identifying the next opportunity before the ink is dry.
AI can absolutely help here. Marketing the deal. Broadcasting success. Identifying the next opportunity before the ink is dry.
In
fact, this may be where AI becomes a broker’s greatest ally rather than its
replacement.
So where does that leave us.
So where does that leave us.
If
I am being honest, parts of what we do are already being replaced. The
administrative. The analytical. The repetitive.
And
that is not necessarily a bad thing.
Because
what remains, the part that is hardest to automate, is the part that matters
most.
Judgment. Trust. Relationships. Experience.
A
machine can process data. It cannot sit across from a business owner who has
built something over 30 years and understand what that building truly means to
them.
At
least not yet.
So
no, I do not believe brokers are going away.
But
I do believe the brokers who ignore AI might.
The
future is not a world without brokers. It is a world where the best brokers use
AI to eliminate the noise and focus on what only humans can do.
The
SEQUENCE does not disappear.
It
evolves.
And
maybe the brokers who embrace that evolution will find themselves more valuable
than ever.
Allen C. Buchanan,
SIOR, is a principal with Lee
& Associates Commercial Real Estate Services in Orange. He can be reached
at abuchanan@lee-associates.com or 714.564.7104. His website
is allencbuchanan.blogspot.com.

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