In your opinion, describe the most exciting advancement in the real estate industry this year?
By testing how current and relevant your industry knowledge is, or what periodicals or resources you look to for staying up to date with current or trending developments in your field, they'll be able to ascertain how engaged you are in your own career pursuits. Discuss some exciting advancements you found memorable or noteworthy to inspire a connection and generate conversation.
"I recently read an article on blockchain technology and how it's impacting the real estate industry. In a nutshell, because of something called tokenization, landlords may be able to use blockchain to sell portions of ownership in their properties. The article also touched on how property titles could be more securely and more conveniently stored, thanks to blockchain ledgers. This topic is one that I am sure impacts the approach at Zillow for future offerings on your platform."
"I have been learning more about virtual reality, and it's fascinating how VR is impacting the real estate industry. Viewing a property is one of the most critical steps to renting or selling a property so, the implementation of VR for walkthroughs is a game changer. VR allows prospective tenants and homebuyers to walk through properties in off-hours and without an appointment. I look forward to seeing how Zillow will leverage VR on your platform this year."
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Anonymous Answer
The most exciting advancement in the RE market right now would be the one-stop-shop in all areas of the home buying, selling, or renting process. Ease of use that Zillow has created.
Stephanie's Feedback
To improve your response, I would suggest focusing on this ease of home buying, selling, and renting specific to this year.
Anonymous Answer
I think the most exciting advancement besides Zillow being the market leader in using big data to disrupt a very traditional real estate market, is the power that virtual reality and augmented reality can bring to the entire home buying experience especially with the pandemic still going rampant forcing people to social distance and stay home. Imagine demonstrating how to use the complex new thermostat for new tenants or home buyers virtually rather than giving them a long step-by-step documentation or trying to explain the process over the phone when you can't see the actual thermostat.
Marcie's Feedback
Excellent! The advancement you mention is exciting, interesting, relevant, and timely. Great job! Including an example (the thermostat) supports your assertion and will impress the interviewer. You come across as very knowledgeable and passionate about the industry.
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