AI to Flag Jeonse Scam Risks in Advance... “Gyeonggi Safe Real Estate” to Begin Pilot in October
IT DAILY ·
✦ AI Summary
The Ministry of Science and ICT and Gyeonggi Province said on the 15th that they held a launch event for the AI-based real estate transaction risk diagnosis service “Gyeonggi Safe Real Estate (GRTS)” and will begin a pilot operation in October. The service supports rights analysis before, during, and after jeonse lease agreements, inspections during the contract process, and monitoring of registry changes after contracts. It aims to diagnose and prevent risks such as jeonse scams in advance by combining AI data analysis with on-site verification by licensed real estate agents.
The Ministry of Science and ICT and Gyeonggi Province said on the 15th that they held a launch event for “Gyeonggi Safe Real Estate (GRTS),” an AI-based real estate transaction risk diagnosis service, and will begin a pilot operation in October.
The service aims to diagnose and prevent risks such as jeonse scams in advance. “Gyeonggi Safe Real Estate (GRTS),” unveiled by the government, operates by combining AI data analysis with on-site verification by licensed real estate agents.
Its scope covers rights analysis before contracts, inspections during the contract process, and monitoring of registry changes after contracts. It applies before, during, and after jeonse lease agreements, and is equipped with functions that identify risk factors in advance and support responses.
Before a contract is signed, AI analyzes data such as the registry and market prices to assess the property’s rights status and risk factors. It then provides the results of the rights analysis.
During the contract process, the service uses voice recognition technology to analyze explanations and checks whether the licensed real estate agent has carried out the required key disclosures. After a contract is signed, it operates in a structure that monitors registry changes.
Before a contract is signed, the service supports analysis of key contract terms and helps identify omitted items and points that need to be supplemented. For tenants, it provides the rights analysis results from verified licensed real estate agents free of charge, and it also allows additional questions and answers about those results through an AI chatbot. Even after a contract is concluded, it operates in a way that supports continuous checking of whether major risk factors for tenants have occurred.
After a contract is signed, it monitors registry changes 24 hours a day. If a major rights change, such as the establishment of a mortgage, occurs, it will immediately notify the tenant. It also continues checking registry changes after the rights analysis results have been issued to determine whether risks have emerged.
The service applies Gyeonggi Safe Real Estate's “on-site combined cross-verification” method. This approach consists of AI analysis results and on-site verification by licensed real estate agents. As a result, it can identify risk factors that are difficult to detect using documents and data alone, and it helps reflect the latest information.
The Ministry of Science and ICT and Gyeonggi Province will begin official pilot operation of the Gyeonggi Safe Real Estate service in October. Anyone involved in real estate transactions in Gyeonggi Province is eligible to use it. During the pilot period, it will be operated mainly with about 15,000 licensed real estate agents participating in the “Gyeonggi Safe Jeonse Project.”
Ryu Jae-myung, Second Vice Minister of Science and ICT, said Gyeonggi Safe Real Estate is a service that combines AI data analysis with on-site verification by licensed real estate agents. He also explained that the service aims to detect and prevent jeonse scam risks in advance.
Ryu Jae-myung, Second Vice Minister of Science and ICT, said he expects this service to provide a use case for AI in solving everyday problems. He also said the government will support AI use in solving issues that people can directly feel in daily life and improving their quality of life. He added that the government will push to build an AI basic society in which the benefits of AI reach everyone.
Source: IT DAILY · Yang Seung-gap
Original: https://www.itdaily.kr/news/articleView.html?idxno=241626
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Source: IT DAILY
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