Rental Markets
ReCircuit revolutionizes the rental process by integrating agentic workflows and secure blockchain transactions, making it easier for agents, homeowners, and tenants to engage in commerce. This platform empowers service developers to create innovative solutions within a robust commercial framework for transactional relationships. Here’s how ReCircuit streamlines the rental process for homeowners, tenants, and agents:
Homeowner Lists Property: The homeowner lists the rental terms of their property as a Request for Quotation (RFQ) in a peer-to-peer (p2p) market.
Tenant Searches for Property: The tenant uses a search agent, powered by artificial intelligence, to find suitable properties. The tenant pays the agent fees using cryptocurrency.
Tenant Verification: The homeowner hires a Know Your Customer (KYC) and due diligence agent to verify the tenant’s suitability.
Agency RFQ Creation: The homeowner creates an agency RFQ for the property and posts it.
Legal Contract: Both the homeowner and the tenant hire a legal agent to draft the rental contract.
Agreement and Commitments: Once the rental contract is agreed upon, commitments are made on the payment network.
Agency Relationship: The same process applies to establishing an agency relationship.
Service Fees: Users pay for service fees using USDC or other tokens.
By leveraging blockchain technology and agentic workflows, ReCircuit ensures a secure, efficient, and transparent rental process for all parties involved.
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