The Role of Artificial Intelligence in Preventing Real Estate Fraud

Mohammad Khani Dehnavi¹ Morteza Khani Dehnoi² Hamid Ashrafi Amiri³

1) GRETP Project, Mobtakeran Qarn Nyusha International Company
2) Department of Computer Engineering, Faculty of Electrical and Computer Engineering,Quchan University of Technology
3) Member of the board, Kish Momsaz International Company

IOI Code : XKBA-AAZHEH
Publication : 3rd International Conference on Recent Advances in Engineering, Innovation and Technology - Belgium(eitconf.com/3rd)
Abstract :
    Real estate fraud poses a significant threat to individuals, businesses, and the stability of housing markets. Traditional fraud detection methods often struggle to keep pace with the increasing sophistication and volume of fraudulent activities. This essay explores the transformative potential of artificial intelligence (AI) in combating real estate fraud. It examines the various types of real estate fraud, highlighting the challenges they present. The essay then delves into the specific applications of AI-powered tools and techniques, including predictive analytics, natural language processing, image recognition, and network analysis, demonstrating how these technologies can enhance fraud detection and prevention throughout the real estate transaction lifecycle. Furthermore, the essay addresses the key challenges and limitations associated with AI implementation, such as data quality and availability, the evolving nature of fraud, ethical considerations, and privacy concerns. It discusses strategies for overcoming these challenges, including improving data access, developing robust AI models, and ensuring transparency and explainability. Finally, the essay emphasizes the crucial role of human expertise in conjunction with AI, highlighting the importance of human oversight, judgment, and adaptation in the fight against real estate fraud.

Keywords : artificial intelligence real estate fraud fraud detection machine learning property transactions