The real estate technology segment of the brokerage industry has steadily grown over the last decade. This growth underscores the increasing reliance of brokerages on technology to streamline operations, enhance customer experiences and power profitability.

At the same time, the industry appears at a true inflection point.

After years of consolidation of production among the nation’s largest brokerages and with steadily increasing competition of a dwindling number of transactions among agents, the benefits of scale and the challenge of competition have never been clearer. Throw in a fundamental restructure to how brokerages collect a significant amount of their revenue with the buyer brokerage changes, and we have a time of remarkable change as the industry hurtles toward 2025.