— By John La Mattery
It’s 2023 and we are now using ChatGPT in our business. It’s like having a brilliant but rather dull assistant, one which I have so many future plans for. I’m not sure if AI is a robot or an alien, I don’t really care, but I do think of mine as a “her” and why I do I have no idea. Maybe I just feel indebted to her for her advice, but I feel we’re bonded on some really odd level of gratitude. Why do I say “can you please rewrite this?” Why do I thank her when she does? So odd.
After going back and forth for a couple hours this morning I was interested to see if she had any future plans to conquer my career, so we chatted about it. As of today she comes in peace but we shall see tomorrow what this girl brings.
My questions were simple:
- What future role will ChatGPT and AI play in real estate?
- Will AI put Realtors out of a job?
- Do you promise not to put Realtors out of a job.
I love the fact that she wants to take 50% of the busy work away from me, it’s like she read some of my pain points and wrote a job description for herself. For now she is hirable and we’ll see what other part of my job she comes for in the future.
Here is her blogpost that she wrote in about 15 seconds.
Now, before exploring her blogpost I asked her to rewrite the above in her own words:
In 2023, we’ve integrated ChatGPT into our business operations. While she’s undeniably brilliant, she can also come across as somewhat dull. Nonetheless, I have big plans for her. As for whether AI is a robot or an alien, I don’t really care. I tend to refer to ChatGPT as “her” for no apparent reason. Perhaps it’s a way of expressing gratitude for her valuable advice. It’s odd how I find myself thanking her when she rewrites my work, but I suppose that’s just the nature of our bond.
Earlier today, we spent a few hours discussing her future plans to help me advance my career. At present, she seems friendly, but who knows what the future holds?
I posed a few straightforward questions:
- What role will ChatGPT and other AI systems play in the real estate industry?
- Will AI make real estate agents obsolete?
- Can you promise not to displace real estate agents from their jobs?
I’m pleased that ChatGPT is willing to take on half of my tedious tasks. It’s as if she’s read my mind and designed a job description for herself. She’s currently up for hire, and I’m curious to see what other facets of my work she’ll improve in the future.
In her latest blog post, which she wrote in just 15 seconds, she delves into these topics.
This is her blogpost
The Future Role of AI in Real Estate: Complementing, not Replacing Realtors
Artificial intelligence (AI) is poised to transform many industries, including real estate. While AI is unlikely to put realtors out of a job, it is likely to change the nature of their role and how they operate. In this post, we’ll explore some of the ways that AI could be used in the real estate industry and why it’s unlikely to replace realtors entirely.
- Property Valuation: AI can analyze vast amounts of data related to property values, such as location, market trends, and property features. This analysis can help to generate more accurate valuations of properties, which could be useful for buyers, sellers, and real estate professionals alike.
- Property Search: AI can help individuals search for properties that meet their specific criteria, such as location, price range, and property type. This could save time for both buyers and sellers by providing more personalized and accurate property recommendations.
- Property Management: AI can manage and monitor properties more efficiently, such as predicting maintenance needs, monitoring energy usage, and managing rental properties.
- Virtual Tours: AI-powered virtual reality technology can provide potential buyers with immersive virtual tours of properties, allowing them to experience the property as if they were there in person.
- Customer Service: AI-powered chatbots can assist customers with their inquiries, help them navigate the real estate market, and provide personalized recommendations.
While AI can provide valuable insights and assistance in the real estate industry, it cannot replace the human touch and expertise that realtors provide. Realtors offer a personal touch that AI cannot match, such as building relationships with clients, understanding their unique needs and preferences, and providing guidance and advice throughout the buying or selling process. Realtors also have a wealth of knowledge and experience in the industry that they can use to navigate complex situations and negotiate deals effectively.
Moreover, many aspects of the real estate industry require human interaction, such as showing properties, communicating with clients, and building trust and rapport. While AI can assist with some of these tasks, it cannot replace the importance of human connection and communication.
In conclusion, AI is likely to change the way that realtors operate, but it is not likely to replace them entirely. Rather, it is more likely that AI will complement the work of realtors, providing them with valuable insights and assistance that they can use to provide even better service to their clients.
Overall, the integration of AI into the real estate industry could help to streamline processes, increase efficiency, and provide more accurate and personalized services to buyers and sellers. However, the human touch and expertise that realtors provide will continue to be essential to the success of the industry.
—