Transaction paperwork and process

Real Estate Agent

Being replaced

“Transaction paperwork and process” (Real Estate Agent) is being replaced by AI: it entered in 2022 and is projected to be largely replaced by 2029.

AI enters
2022
Largely replaced
2029
Replacement progress
57%
Technology / key factor
E-signing + AI paperwork

What this task is

After a deal is agreed, agents prepare purchase contracts and help with mortgage approval, contract registration, title transfer and taxes, a long process with many steps and a lot of paperwork.

How AI replaces it

E-signing and online government services expanded from 2022, and AI now drafts contracts, checks documents and tracks deadlines. Most paperwork and process steps should run online and automatically by about 2029.

What stays human

Agents deal with exceptions such as stalled loans or title problems, and coordinate buyers, sellers, banks and registries so the transaction closes safely and on schedule.

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