Proptech in Commercial Real Estate: AI Impact; Federal and State Regulatory Update; Compliance Challenges

This CLE webinar will provide a comprehensive overview of the advancement of property technology (proptech) and how it is transforming real estate transactions and property management. The panel will examine the evolving federal and state regulatory landscape impacting the use of proptech, discuss compliance challenges facing counsel and clients given the current administration's attempt to create a federal AI framework and preempt state AI laws, and offer best practices for assisting clients with creating compliant processes.

Ongoing proptech advancement, particularly AI, is revolutionizing the commercial real estate industry when it comes to property transactions and management—from utilizing commercial smart contracts for deals, to property valuation and risk and investment analysis before entering a transaction, to lease management and smart building technology for landlords. However, with proptech advances come new legal risks of which counsel should be aware so that they can help their clients remain compliant in this rapidly evolving legislative and regulatory landscape.

For example, data privacy is a growing concern where real estate transactions require sensitive client personal and financial data or where building management requires the collection of tenant biometric data. Additionally, AI bias is an issue where systems are trained on data that contains biases and outcomes could perpetuate discriminatory housing practices, e.g., unfair rent setting or tenant screening. 

One of the biggest challenges facing counsel is how to guide clients through their processes, incorporating proptech to ensure compliance with a patchwork of federal and state laws governing this technology, especially given the Trump administration's attempts to create a federal AI framework that preempts state AI laws.  

Listen as our expert panel provides a comprehensive examination of the use of proptech in real estate transactions and property management. The panel will discuss the impact of technological advances, provide an overview of current legislation and regulation impacting the use of proptech, and offer best practices for assisting clients with creating compliant processes.