This headline poses a big question. I’m not sure. Let me ask Chat GPT. (Just kidding). Aside from the larger question – should we even take an overall For or Against position on AI? – it’s important for us to understand how REALTORS® and consumers are already using AI technology in real estate. More importantly, we need to know how to advise Mainstreet members on the pros and cons of using AI in their businesses. For example, we know that roughly two-thirds of all real estate agents in the U.S. have used AI (mostly Chat GPT and similar tools) at least a little. And about half of those use AI to create listing descriptions/marketing content. The downside? This AI-generated content could be problematic if it’s not checked and edited for accuracy and fair housing compliance. On top of that, you could be in further danger if you’re using free versions of AI tools. Because you’re probably contributing to someone else’s content and security; not your own. [1] Here’s a quick list of how REALTORS® are using AI: Listing copy + marketing content: Writing listing descriptions, social posts, email nurture, open-house blurbs. Tip: Feed the model structured property facts, fair-housing guardrails and your voice to stay compliant and on-brand (Source: NAR ). Rapid creative for visuals: Using virtual staging, enhancement, video scripts and reels to showcase home features when full staging and video budgets aren’t feasible. Tip: Combine with clear disclosure to avoid misrepresentation (Source: TheRealEstateTrainer.com ). Follow-up and CRM hygiene: Drafting first-touch replies, lead-routing snippets and task summaries, then handing off to your CRM. (Source: NAR ). Market prep and comps support. Outlining CMA talking points and neighborhood briefs that you verify with MLS data. AI is a prep assistant, not the source of record. It’s time saving and client-experience enhancing. Tip: Use AI to assemble, then validate. (Source: NAR ). For the last several years, Mainstreet has produced and hosted our own in-person tech and marketing conference, Propel, with a focus on AI. Moreover, we’ve made a sizable investment in big tech for our members, launching a new digital experience on the Membio platform including MainstreetRealtors.com, the MyMainstreet member portal and a consumer listings website, ChicagolandHomes.com . The Membio platform is always evolving and changing and will increasingly incorporate AI technology to deliver better service and free leads to our 19,000 members. We’re also ramping up the use of other AI tools in our communications and marketing work, notably with video. Coming this December, our own Carrie Little is teaching the three-hour CE course – Innovation of Real Estate: Embracing AI, Ethics, Digital Marketing and Data. Fittingly, we’re offering this via Zoom. Coming back around to the question of, “why do we at Mainstreet REALTORS® care about how AI is used in real estate?” The answer is related to our Big Why: Mainstreet empowers every member to define and achieve their goals. If AI can help you achieve your goals faster – and if you use it wisely, it certainly can – then we care about that. Because we care about anything that can make you more successful (while also keeping you out of trouble). We’re obsessed with what works. The live virtual mastermind that I was part of featured Chris Smith as keynote speaker. He said that empathy is the new currency. Meaning that when virtually (no pun intended) everyone in real estate ends up using AI to do basic research and writing, automate tasks and save time and money – you can still differentiate yourself by being human. That’s good news. “Average is over,” said Smith. “Create memorable moments.” That’s exactly what we’re about at Mainstreet REALTORS®. We’re here to give context and clarity to our ever-changing real estate landscape. And give you opportunities to learn, grow and thrive. Whether that’s learning more about AI – sign up for Carrie’s course! – or engaging in some other way in our diverse and forward-thinking community. As I said at Propel two summers ago, I’m a big sci-fi fan. I love the Terminator and Matrix movies. But I don’t believe technology is here to usher in doomsday. It’s here to be a tool that we can all better understand to help us do our work. John Gormley is CEO of Mainstreet REALTORS® [1] This list was created using ChatGPT
Half a Century of Service: Mainstreet REALTORS® Reach 50-Year Milestone
Mainstreet REALTORS® HQ, Downers Grove – For the third consecutive year Mainstreet REALTORS® applied for and earned the highest level of accreditation from NAR for our Commercial Services division, displaying steadfast dedication to all things related to commercial real estate advocacy. From 1958 to 1969, the Boston Celtics won 8 straight NBA championships. In 1978 and 1979 the Pittsburgh Steelers won back-to-back NFL Superbowl trophies. In the 1990’s, the Chicago Bulls won three NBA titles in a row, twice. While it may be an exaggeration, the fact remains: from 2023 to 2025/2026 Mainstreet REALTORS® has been awarded three straight Diamond Accreditation Awards for Commercial Services from NAR. “What is the NAR Diamond Accreditation Award for Commercial Services?” Glad you asked. There are three levels to the accreditation: gold, platinum and diamond. NAR has benchmarks, or requirements that each association must demonstrate to achieve a higher accreditation. For instance, diamond level requires a minimum of 41 benchmarks. These requirements range from commercial real estate advocacy efforts to educational opportunities to community presence. All the benchmarks factor into the most important aspect of the diamond award: creating a thriving commercial division at Mainstreet REALTORS® for agents in any stage of their career. All of this to say, if you are new to real estate and need a place to get your foot in the door or you have been in the industry for years and are looking for a change, Mainstreet REALTORS® is the place to be. We have year-round educational classes, specialized seminars, subject matter experts, keynote speakers and a community manager dedicated to the needs of anyone in the commercial real estate arena.
Sponsoring a Mainstreet REALTORS® Event Increases Visibility and Connections
Where Will You Be October 2?
In commercial real estate, our primary means of prospecting are phone calls and drop-ins. The fact is the opening seconds of those interactions are going to be awkward, and there is really nothing you can do about it. You must be able to endure the pressure and tension of those moments. Trying to avoid it will only limit your success or derail your career entirely. The goal is not to eliminate the awkwardness in the opening moments of a sales call; it is to shorten the duration of the awkwardness. How do we do that? Hang up quickly. Just kidding. We accomplish that by answering the three burning questions in the prospect’s mind. Who are you? This is common courtesy, but I’m surprised at how often I hear salespeople skip the introduction. I’ve heard the reasoning that being casual and assumptive makes the prospect think maybe they know you already and keeps them on the line. Let’s assume for a minute that works, which I’m not sure it does, it is deceptive. The prospect will eventually realize they don’t know you, and now you have begun the relationship on a manipulative note. Please, just tell them who you are. What is this regarding? One of the most common complaints I received when I was managing brokerage offices was prospects accusing an agent of “bait and switch.” The agent might have called claiming to have a buyer for the property and very quickly pivoted to a discussion about an exclusive listing to market and sell. Being clear about the purpose of your call doesn’t preclude you from changing topics if the client takes you there. However, be up-front and clear about the purpose of your call. Is this worth my time? For the prospect to answer this question positively, the purpose of your call needs to be actionable. This is where it gets trickier. Transactional calls like, “are you planning on buying or selling within the next 12 months” only capture prospects who have already identified that need. Generic calls like, “what are your plans with your property in the next six months” are easy for the prospect to shut down. They weren’t expecting your call let alone a property brainstorming session. A more universal approach is to offer up something of value with only one expectation of the prospect – give me a few minutes of your time. What do people value in the opening moments of a sales call? Time, money, or satisfying curiosity. One quick personal example; yesterday I got a postcard in the mail informing me my neighbor’s house closed escrow. The agent invited me to call for more information. I have no plans to sell my house, so I’m not going to call. But what if he had called me or knocked on my door? I would have absolutely wanted to know, and it could have been the beginning of a relationship. The same is true for the best commercial real estate brokers. The most successful are harvesting the fruits of relationships begun and nurtured over the course of many years. If you can stand some momentary embarrassment, this business is a phenomenal place to be. We all know what it’s like to be on the other end of a cold call. It is nearly impossible not to feel little irritated at the intrusion. But the best brokers don’t apologize for making the call; they simply know how to get to the point quickly. Once identity, purpose, and value are established, the tension will fade. To see and hear more content from Tim Rios and commercial events, register for the upcoming 2-day seminar, click here for details and registration.
The Sitzer/Burnett settlement has been approved. It settles the class action claims related to broker commissions. What does it mean to your business? Kate Sax breaks it down.
Mainstreet's global ambassadors traveled to India and Toronto to advance our association's interests on the world stage in the fall of 2024.
Mainstreet REALTORS® earned the coveted NAR Diamond Commercial Accreditation Shield for the second consecutive year, a rare feat.
