On this week’s episode of RealTrending, Tracey Velt sits down with Lennox Scott, the CEO of John L. Scott Real Estate. Lennox has been in the industry for almost 50 years, and John L Scott is a family brokerage with a rich 94-year history.

Lennox talks about how AI is reshaping industries, the critical role of MLS consolidation, and maintaining personal relationships in a tech-driven world. He also discusses the challenges posed by institutional investors and strategies brokerages can adopt to stay relevant in an AI-enhanced future.

Here’s a glimpse of what you’ll learn:

Team culture, continuous learning, and strategic meetings are important for brokerage relevance.
The benefits of a national MLS and AI in enhancing data infrastructure and efficiency.
The importance of full inventory access and the challenges of shadow MLSs.
How to work with AI tools to focus on trusted relationships and personal representation.
The impact of institutional investors on housing markets and potential legislative solutions.

Related to this episode:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

The RealTrending podcast features conversations with the brightest minds in real estate. Every Monday, brokerage leaders, top agents, team leaders, and industry experts join us to share their secrets to success, trends, and the lessons they’ve learned. Hosted by Tracey Velt and produced by the HousingWire Content Studio.

Learn more about your ad choices. Visit megaphone.fm/adchoices

Lennox Scott on how AI is reshaping the real estate industry