Data & Statistics

AI for Buyer ConsultationsHow REALTORS® Are Using AI

Many REALTORS® use AI to prepare buyer consultation materials, explain the home buying process, summarize financing terminology, create checklists, and answer frequently asked questions before meeting with clients.

Best Practices
  1. Use AI to organize information—not replace your professional advice.
  2. Review all AI-generated explanations before sharing them with consumers.
  3. Customize information to the client's specific circumstances.
  4. Encourage buyers to seek legal, tax, or lending advice when appropriate.
Potential Risks

AI may:

  1. Provide inaccurate financing information.
  2. Oversimplify legal obligations.
  3. Misstate New Jersey practices.
  4. Create confusion regarding agency relationships.
REALTOR® Code of Ethics

Article 1: Protect your client's interests while treating all parties honestly.

Article 2: Avoid misrepresentation or concealment of pertinent facts.

Article 11: Provide services within your competency.

Best Practice

Use AI to prepare your consultation—but deliver it yourself.