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Barbara Corcoran, founder of The Corcoran Group and Shark on ABC’s Shark Tank, joins Yahoo Finance Live to discuss the housing market, ChatGPT, NYC real estate, new businesses, and the future of work-from-home. When it comes to ChatGPT, Corcoran says it is not just helping agents in real estate, but everyone is using it: "the same kind of documents you had to review that would take an hour, you see in two, three minutes." Corcoran described the OpenAI chatbot as "such a game-changer... I am sure it's not just limited to real estate, but boy is it helping us."
DAVE BRIGGS: How are your agents using ChatGPT? And how can it be a game changer in real estate?
BARBARA CORCORAN: It's not just agents in real estate. Everybody is using it. If you have a low IQ, suddenly you can look smart. The same kind of documents you had to review that would take an hour, you'd see in two, three minutes. People are writing emails and texts and explanations of the market to their customers. It's like the whole world got a genius implant. This thing is such a game changer. I'm sure it's not just limited to real estate, but boy, is it helping us.