Wobbly laptop stand got you feeling seasick while you work? Rather than trying to type like youβre sitting next to a sleeping baby, you might be able to stabilize that stand with a few bits of wood or whatever else you can find.
Desk acts as an AI transaction coordinator, taking over administrative tasks such as tracking contract deadlines, drafting paperwork, and prepping signing packets. CEO and co-founder Gideon Sylvan said the tool combines βencyclopedic knowledgeβ of contracts with the tacit know-how of active local agents.
βEvery agent wants to avoid paperwork, but most agents would rather do the work themselves than wait three hours for their assistant to handle it,β Sylvan said.
More than 500 agents in the Seattle area are using the software, including two board members of Northwest Multiple Listing Service. Desk said it is processing 100+ closed transactions per month, with inaccuracies on fewer than 0.2% of deals.
Desk, founded earlier this year, is also targeting brokerages to help them maintain transaction records.
Sylvan said the February release of Claude 3.7 was a breakthrough, transforming how accurately AI can read and interpret real estate contracts β including edge cases like handwritten signatures and custom conditions. βSuddenly complexΒ contract assistance went from βthis will be possible one dayβ to βthis is truly better-than-human,'β he noted.
While some companies are trying to replace real estate agents, Sylvan said that itβs more likely that AI becomes the βexecution layer.β
βBeing an agent is a contact sport filled with 10-second phone calls and short texts,β he said. βDeals come together when two agents trust each other. But the paperwork? I could care less if an AI put the paperwork together. Thatβs just inevitable.β
Sylvan and co-founder Stewart Renehan previously launched Lotside, a startup billed as βZillow for house flippers.β That company didnβt quite take off but still has 20,000 monthly users, Sylvan said.
Sylvan also built a U.S. brokerage, while Renehan led data science at a PushSpring, a marketing tech startup acquired by T-Mobile in 2019.