In today's rapidly evolving digital landscape, Artificial Intelligence (AI) stands at the forefront of innovation, reshaping industries and redefining the boundaries of what's possible. AI's profound impact on data analysis, decision-making, and customer engagement is revolutionizing sectors across the board, including the dynamic world of real estate.

The integration of AI in real estate is not just a trend; it's a transformative force that is enhancing efficiency, personalization, and strategic insight. From predictive analytics that forecast market trends to intelligent algorithms that match properties with potential buyers, AI is making the real estate experience more intuitive, efficient, and tailored to individual needs.

As 1REC delves into the possibilities AI offers, we are excited to introduce our custom GPT: 1REC's Real Estate Counsel AI. This cutting-edge tool harnesses the power of AI to provide real estate document templates, risk assessment of landlord documents, and interpretation of complex lease documents, making the complex landscape of real estate more navigable for professionals and clients alike. Whether it's drafting or interpreting documents, our AI counsel is designed to empower you with the knowledge and tools needed to succeed in today's competitive real estate market.

Embrace the future of real estate with us, and discover how our GPT Real Estate Counsel can transform your approach to the market, enhance your decision-making, and elevate your professional services to new heights.

Note: Open AI requires users have a Premium subscription to ChatGPT in order to use Real Estate Counsel AI. This subscription cost does not go to 1REC, and it allows you to explore everything ChatGPT has to offer. As of Jan 2024, it costs $20 per month and can be deactivated at any time. (And well worth it, in our opinion!)

Some example prompts you may find helpful to start with:

• [Upload an LOI template from a broker or landlord]: Analyze this LOI, and tell me where terms may be off market or where I may want to push back as the tenant. Give me a concise bulleted list where you explain the current position, why it's risky, and what my counter response should be
• [Upload a lease document or paste in a select provision]: Analyze this snippet from the lease, where I am the tenant. Explain the provision to me as if I had no knowledge of retail or real estate, and include an example of when this provision would be likely be referenced. Then tell me whether and how I might be at risk in its current form, and how I should respond with a reasonable counter.
• Draft a notice of intent to renew / execute my option right to a landlord. The original lease was signed on [date], the landlord's entity name is [name], and my entity name is [name].