I just don’t see how this will work. Prior to creation of the real estate NFT, all of the due diligence information needs to be collected and added to the blockchain. The due diligence process is expensive, and is usually mostly paid for by the buyer. In this case though, it would need to be done by the seller prior to creation of the token. And for commercial properties, especially large ones, banks typically do their own due diligence on the property, and won’t accept reports from either the buyer or the seller (some exceptions, but that’s the standard).
Now lets say the property NFT gets bought and sold a couple times, and it turns out there is a deficiency that was undisclosed for some reason. Who is responsible? Probably the original seller, because they created the blockchain right? If I were the seller, no way would I do due diligence for buyer, and vice versa.
I’m just throwing spaghetti here, but there seem to be all kinds of problems with this idea.