Eric elfman, ceo, moxiworks
Illustration by Lanette Behiry/Adobe Stock

Eric Elfman, the newly appointed CEO of MoxiWorks, is charting a bold course for disruption in the real estate technology sector. With his appointment in June, Elfman aims to challenge industry complacency by harnessing the power of artificial intelligence and reinforcing a customer-centric approach.

Elfman, speaking to Real Estate News, criticized many vendors for resting on their laurels in the “old world” of real estate tech. He believes the industry, including MoxiWorks, is “ripe for disruption.”

With a background in fast-paced tech startups, Elfman sees untapped opportunities in leveraging AI to process the industry’s vast data reserves. “We are hiring data scientists to begin crawling through our data to figure out where the best, highest value, earliest use of AI will be for us,” he stated.

Revamping the MoxiWorks Platform

Under Elfman’s leadership, MoxiWorks is revamping its platform to adapt to the “new reality for agents.” This involves rethinking the economics for brokerages and agents, especially in light of the NAR’s $418 million settlement. The new platform is expected to launch at the end of the year, with full availability by next summer.

Startup Perspective in Proptech

Elfman brings an entrepreneurial drive to MoxiWorks, a trait honed over 25 years of leading companies he founded. He aims to inject this dynamism into an industry he claims is “totally disruptable.” He argues that as B2B companies mature, they often prioritize profitability over innovation, a trend he intends to reverse.

AI: The Key to Untapped Data

Elfman sees real estate as lagging behind other content-rich markets in utilizing AI. “What you won’t see from MoxiWorks is marketing-speak about AI with no teeth. We will announce our strategy when we have something meaningful for the market,” he assured.

Competing in a Changing Market

Elfman’s vision for MoxiWorks is to focus on helping agents secure listings. “If MoxiWorks were a factory, the single widget that we produce is a listing for an agent,” he explained. This strategy involves taking on competitors to expand market share and offering advanced capabilities against both established and emerging players.

For more insights into Elfman’s plans and the future of MoxiWorks, read the full article on Real Estate News.

More Articles

Getting licensed or staying ahead in your career can be a journey—but it doesn’t have to be overwhelming. Grab your favorite coffee or tea, take a moment to relax, and browse through our articles. Whether you’re just starting out or renewing your expertise, we’ve got tips, insights, and advice to keep you moving forward. Here’s to your success—one sip and one step at a time!

UAE’s Vision for Desert Expansion and Urban Innovation

The UAE is set to transform its expansive desert landscapes into thriving residential communities, aligning with the nation's commitment to harnessing natural resources and the '15-minute city' model.

By |December 12, 2024|Categories: Article, Sustainable Development, Urban Planning|Tags: , |0 Comments

Exploring the Role of Telemedicine in Medical Education

In a recent study, researchers delved into the transformative impact of a telemedicine-based course on undergraduate medical students during the COVID-19 pandemic. As the pandemic reshaped the landscape of healthcare, telemedicine emerged as a vital tool, not only in patient care but also in medical education.

By |December 11, 2024|Categories: Article, Medical Education, Telemedicine|Tags: , |0 Comments

The Transformative Role of AI in Healthcare: Enhancing Patient Care and Health Management

AI technology holds the potential to improve clinical outcomes, reduce healthcare costs, and enhance population health. In the realm of preventive care, AI is being utilized in radiology to expedite cancer screenings, such as mammograms and lung cancer screenings.

By |December 11, 2024|Categories: Article, Artificial Intelligence, Healthcare|Tags: , |0 Comments

Revolutionizing Healthcare: The Future of Medical Networking

The transformation is paving the way for a future where care is more personalized, and the ecosystem is inclusive for medical practitioners and providers to proactively manage patients' health. A key component of this evolution is medical networking, which is being redefined by the collaborative exchange of data among practitioners, professionals, and healthcare facilities.

Innovative Urban Expansion: The UAE’s Vision for Sustainable Living

As the UAE's population continues to surge, developers are seizing the opportunity to transform the sprawling desert into vibrant residential communities.

The Call for Climate Change in Medical Curricula

As the world grapples with the multifaceted impacts of climate change, a new urgency is emerging within the medical community.