Real estate AI applications cluster around three workflows: valuation (pricing accuracy and speed), transactions (document processing and compliance), and tenant/buyer experience (lead qualification, self-service). The industry handles high document volumes under regulatory constraint, contracts, disclosures, title documents, and inspection reports, making NLP and document extraction high-value applications. Automated Valuation Models (AVMs) are the most established application; Zillow’s Zestimate and lender-grade AVMs from CoreLogic and Black Knight have operated at scale for over a decade. Fair housing law (Fair Housing Act in the US, Equality Act in the UK) constrains how demographic or geographic variables can be used in screening and pricing models.