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Estate agents often face great challenges like many other entrepreneurs. They have to demonstrate resilience and adaptability daily in the face of variables like crime statistics, fluctuating interest rates, and people’s livelihoods.
There are several factors that make an estate agent an entrepreneur:
The problem is that too many traditional estate agents don’t view themselves as entrepreneurs. They see themselves as employees getting commission and, as a result, have become blasé about staying up to date on the most current trends and technology.
Technology is changing the game for the property entrepreneurs out there. Today’s estate agents are tech-driven, data-driven and collaborative, with residential property platforms like Leadhome providing the technology foundation that automates time-consuming, low-value tasks (like scheduling appointments) and allows agents to get on with what they’re good at and add real value. And by allowing the costs of property transactions to be standardised, technology allows agents to pass on significant savings to consumers.
However, technology has not removed the need for personalised service in the industry. Leadhome’s client survey clearly shows that buyers and sellers want the easy customer experience and control that technology brings, but still demand the warmth and personal touch that is needed for what’s often the biggest transaction in a customer’s life. For agents, just like entrepreneurs, it’s all about finding the balance.
Technology enables agents. Using real-time data, agents are better able than ever to match the right buyers to properties, to value properties optimally and make quick sales. It helps agents to carry out productive, effective tasks, while servicing their clients in an efficient way.