Source: Inc.com —
Real estate has been a constant economic factor since the time of the pyramids. But its venerable nature has also meant that it can be slow to adjust to the times.
The pandemic created a unique push that vaulted the real estate industry into the 21st century. From tokenization to remote technology and more, here are a few lessons that other business sectors can learn from how the real estate industry has adapted to the modern world in recent years.
1. Tokenized Real Estate Investments
Real estate has always had a high barrier to entry. Individual home buyers need to tether themselves to lengthy 30-year mortgages. The cost to buy, fix, and maintain investment properties is steep. Commercial real estate isn’t just expensive. It comes with significant additional environmental, appraisal, survey, and loan origination fees.
