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World's First
Real Estate Virtual Touring Application |
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Kai Paterson
founded KDP Digital Systems,
Inc. and developed the world's first
virtual touring application, while
waiting for the NFL to approve the
purchase of his
professional football game analysis
system know as "Game Prep".
After presenting his
Game Prep to the NFL at the Annual
Owners and Coaches Meeting in Orlando,
Florida in 1994, Kai Patterson learned
the NFL Competition Committee required
his application to be reviewed to
determine if it provided a team an unfair advantage.
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Knowing that he did
not have the ability to financial
maintain his company KDP Digital
Systems, Inc. while the National
Football League spent years analyzing
his system, Kai Patterson quickly
developed Real-T-Tech.
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Kai Patterson used
his house at the time and the house of a
professional football player to
demonstrate Real-T-Tech and to show his
spilt screen function, which was
eventually deleted for the internet
versions later sold.
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The History of
Real-T-Tech
Real-T-Tech
was the worlds first real estate
virtual touring application to create a virtual
open house, by allowing computer users to visit a
property online, which was purchased by
Prudential Real Estate. "One day when I
was sitting in my office, I said to myself that
realtors should be able to use technology to
enable home buyers to view the details of a
property before spending hours visiting
undesirable properties" says Patterson.
"Virtual touring is what millions do everyday,
but in 1995, it was unheard of". "In fact,
most realtors did not grasp or like the
concept".
When Kai
Patterson first presented Real-T-Tech to
Weichert, Century 21, and Remax, they all
rejected his concept. "It only took me one
week to develop the first prototype of the
application, but took me months to get my first
realtor to agree to allow me to implement a
listing". "I remember presenting
Real-T-Tech to the Garden State Multiple Listing
Service in New Jersey and every realtor loved it,
but the executives in each company found a
reason not to purchase the program".
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Kai Patterson
Unveils Real-T-Tech at the Real Estate
Convention
"After months of not being
able to generate any income, I hired an Irish
sales man by the name of Michael Cahill, who was
able to acquire a contract from Prudential
International Real Estate - MLBK". Michael
Cahill was an older looking gentlemen, and I
looked to young for my age at the time".
"I recently learned that Michael Cahill died".
"I was told he later died of a heart attack". "He
was a heavy smoker, but he could close a deal,
and believed enough in me to market my
technology".
Kai Patterson
eventually modified Real-T-Tech into an internet
application, after initially selling Prudential
MLBK a personal computer version of the
software. Prudential purchased the
software just in time for the 1995 Real Estate
Convention, and Kai Patterson caught the
attention of an NBC news reporter. "NBC News
covered the story when they learned that
Prudential purchased the product".
"After selling the
application to Prudential, I got out of the
business". "There was too much
bureaucracy, and the NFL had given me a contract
to produce a version of Game Prep for the League
Office while the Competition Committee was
reviewing use of my software for teams".
After 15 months of evaluating the software, I
received a letter from the NFL Director of
Football Development, telling me Game Prep had
been approved (Click
to See Letter). "Today, every
real estate agency uses virtual touring, and I'm
sure most realtors don't know that I am
responsible for the invention."
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