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Real estate tech shifting from Swiss Army knives to scalpels
Home » Finance  »  Real estate tech shifting from Swiss Army knives to scalpels
A growing number of agents, teams and brokerages are abandoning general-purpose tools in favor of highly specialized solutions.

For nearly two decades, real estate technology followed a predictable playbook: Build an all-in-one platform that does everything, with the CRM, dialer, transaction management and nurture campaigns all under one roof.

But a quiet reversal is underway. A growing number of agents, teams and brokerages are abandoning general-purpose tools in favor of highly specialized solutions designed to do one thing exceptionally well.

To illustrate this shift, HousingWire sat down with Troy Palmquist, founder of HomeCode Advisors — a peer-driven directory and review platform that helps real estate professionals navigate the fast-growing world of proptech.

Palmquist pointed to a new wave of startups redefining specialization.

“I think Rezora was really the first, the one that kind of made me start really realizing what I was seeing,” he said. “Prospecting can be done 1,000 different ways and much of it can now be automated. With voice and outbound dialing, you have more ability to create specific or niche products that serve the purpose of one type of thing.”

Rezora IO — launched in January — is an artificial intelligence (AI) voice prospecting agent that automatically makes calls, qualifies leads, books meetings and syncs calendars. Company co-founder Aidan Richards said seeing real estate move toward specialized tools was a green flag for product development.

“The whole reason that we built this is there are plenty of companies that offer AI voice agents to make phone calls, but not specifically for real estate agents,” he said. “You can pretty easily and quickly create an AI voice agent, but you have to build it from scratch and test it and deploy it.

“Then on top of that, it’s not going to be able to speak specifically like a Realtor would, handle objections the right way and be personalized for this type of conversation.”

Rezora solved this by building its own large language model trained on more than 60 sales books and thousands of real conversations.

During an alpha test in October 2024, agents saw three times the conversion rate versus manual calling, according to the company.

Specialized tools winning on cost, integration

One concern with specialized tools has always been cost — paying for five niche products instead of one bundled platform.

But Palmquist argues that the math favors specialization, especially when integrations are done right.

“Most of these products aren’t that expensive,” he said. “If you get one listing appointment that you didn’t have because of it, did you get a return in your first 30 days? I’d say yes.”

The key enabler, he said, is open integration.

“The companies that are doing really well and seeing growth right now integrate with everything they can,” Palmquist said. “They go about building with the mindset of, ‘I need to plug into X software so I have the most beneficial product and output for my customer.’”

Richards echoed this philosophy.

“Another goal of ours is to integrate on as many platforms as possible, so adding Rezora to people’s CRMs and to lead generation websites and anywhere that Realtors are already spending time,” he said. “We want it so they don’t also have to sign up for this tool and can continue using it. This is supposed to modify your tech stack and not necessarily add to it.”

‘Amazon for AI voice agents’

What makes this moment different, according to Palmquist, is that many of these specialized tools are genuinely novel.

As for whether larger proptech platforms will simply copy the approach of Rezora and similar specialty tools, Richards is unfazed.

“I’d be surprised if any company really tried to get into this, just because the tech investment and the complexity of the agents is really complicated,” he said. “It’s going to get easier, in a sense, but also, at the same time, we’ve got a pretty substantial headstart in terms of tuning in agents, specifically for real estate.”

The road map, he said, is to become “the Amazon of AI voice agents.”

“It would be where there’s one (agent) for every kind of conversation,” Richards said. “So that means you log on, you pay the regular subscription price, and then it tells you, ‘OK, do you want buyer leads, seller leads, expired listings, open houses, wholesale, circle prospecting? All those are already ready to go.’

“Then, hopefully at that point, we would have been deployed to enough brokerages where they wouldn’t even need to create their own agents, because we can just tweak any of ours a little bit for whatever a Compass wants or whatever an eXp wants.”

For agents tired of bloated dashboards and unused features, the shift toward specialized tools that actually replace — rather than multiply — their tech stack could prove welcome.