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- Real Estate AI Flash for Week of 5/20
Real Estate AI Flash for Week of 5/20
Rajeev Sajja
May 23, 2024
Weekly Recap
With Open AI’s major announcements on May 13th, we answer the burning question: Is the paid version of ChatGPT still worth the cost? And, in this week’s episode, we speak about bringing social back in social media and making the AI algorithm work for you.
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MOST RECENT EPISODE
We’re Bringing Social Back: Understanding the algorithm and AI | In our most recent episode, we discuss how many are good at media but not so good at the social in social media. We discuss specific strategies on how to bring social back and have the AI algorithm work for you. |
AI News You Should Know
Since the Open AI announcement on May 13th, we since tested what’s available for free and paid users and the table below outlines the similarities and differences:
Item | ChatGPT Free | ChatGPT Paid |
|---|---|---|
Models | GPT-4o, GPT-3.5 | GPT-4o, GPT-4, GPT-3.5 |
Internet Access | Yes | Yes |
File and Document Upload | Yes | Yes |
Analyze data and create charts | Yes | Yes |
Access Custom GPT’s in GPT Store | Yes | Yes |
Create Custom GPT’s | No | Yes |
Memory | Yes | Yes |
Message limits | Up to 10 queries on GPT-4o based on load. Resets every 5 hours and rest of the queries on GPT-3.5 | 5x more usage limits compared to free users |
Image Generation using Dalle-3 | No | Yes |
Desktop App | Yes | Yes |
Upload files from Google Drive/One Drive | No | Yes |
Voice chatting with ChatGPT | No | Yes |
In summary, the free version of ChatGPT should be sufficient for occasional users, as it includes several updates, most notably an improved AI model. However, frequent and advanced users will benefit from the paid version, which offers features such as building custom GPT’s and multi-modal capabilities.
The ChatGPT app for Mac (MacOS 14 and Apple Silicon M1 or better) is available to both free and paid users, and can significantly enhance your AI experience by allowing seamless integration into your daily workflow with a single keyboard command (Option + Space).
Tip of the Week
There are pro prompting tips to extract high quality output from chatGPT or any AI tool. Here is one:
“Before generating anything, please ask me any questions you have to understand my request completely”
For all pro tips, visit page 25 of our AI playbook. While you are at it, bookmark it to stay current with all playbook updates.
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POPULAR EPISODES
How he used AI to win a $6M listing | How can AI set you apart when you are competing for a high-end listing? In episode 12, we speak with Jimmy Moscoso, a realtor with Keyes Realty in Boca Raton, FL who shares insights and strategies on how he won a six million dollar listing using AI. |
How Realtors Can Utilize ChatGPT Like a Pro | In this episode you’ll learn how to use ChatGPT like a pro. We discuss the reasons behind different results obtained by other users of the same technology and break down a systematic approach to leverage ChatGPT or any AI tool effectively |
Your AI Playbook
You can access our comprehensive digital AI playbook at the image below. We recommend you bookmark it for easy reference. If you have any suggestions/additions, please reach out to us.
We are living in a world that is fundamentally being transformed by AI and other technology. We are starting to see agents using these tools and seeing the massive potential of AI to increase efficiencies in their business. Also, think hard about the fact that what you see in AI today is the worst it will ever be and is getting better fast, super fast. But no matter how effective AI is, it doesn’t replace the innate human quality of relationships, which are still crucial in our business.
Instead of worrying about being “replaced” by AI, we find it more useful to think of AI as the “gift of the shift” and to answer a fundamental question in embracing any technology: how can I use this technology to create efficiencies in my business so we can build more memorable client relationships. After all, the future of our business is still human.
Let’s make AI approachable and actionable for all real estate professionals!
-Rajeev and Jimmy