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April 13, 2023
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Top News
The design of affordable housing units is catching up to market-rate buildings, tapping into both onsite and community-wide needs.
Full Story: REALTOR® Magazine (4/13) 
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The Perfect Pre-Listing Packet Template
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Best Practices in Sales & Marketing
You want to focus on the aspects of your business that make money and turn over time-consuming or administrative tasks to an assistant.
Full Story: REALTOR® Magazine (4/13) 
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Multicultural marketing needs to be authentic, showcase a variety of voices and challenge stereotypes to be effective, Jennifer Pearson writes, citing research on portrayals in advertising. "Brands can face backlash if they don't make the effort to showcase authentic people and voices," Pearson writes.
Full Story: Insider Intelligence (4/10) 
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ChatGPT can be valuable for handling time-consuming tasks such as keyword research, crafting boilerplate ad copy and helping overcome writers' block, writes Playbook Media CEO Bryan Karas. However, marketers should avoid using it for external efforts without any human input and refrain from using it "as a shortcut for skills you know you need to learn."
Full Story: Entrepreneur (4/7) 
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Real Estate Trends
In Malibu, event mobile homes fetch multi-million-dollar offers
(Ken Hively/Getty Images)
Mobile homes that are selling for millions of dollars in Malibu, Calif., support the adage: location, location, location. "The ones that are $5 million and $6 million? You just kind of shake your head and go, 'Wow,'" said agent Brian Merrick of Coldwell Banker Realty.
Full Story: The Wall Street Journal (4/12) 
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Technology & Innovations
Brands and agencies can reduce risks from generative artificial intelligence through six steps, starting with considering whether sharing data via the open-source systems could affect client relationships or be used by others, writes Brian Heidelberger from the law firm Loeb & Loeb. Other tips include determining how to handle any legal liabilities, and establishing disclosure and approval standards for staffers, freelancers, agencies and vendors.
Full Story: Ad Age (tiered subscription model) (4/12) 
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Business Wellness
Being open, honest and empathetic with staff as you announce a company decision they may not like, such as returning to in-person work, can help reduce backlash, as can sharing the general factors that went into the decision, says Sarah Clausen, a corporate communications director. Ensure the entire executive team is using the same messaging points and is prepared for questions.
Full Story: Human Resources Director (4/9) 
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News from NAR
NAR's nationwide tour promoting the REALTOR® brand has hit 13 states so far and may be headed your way. Get updates from the road and see where the tour is headed next.
Full Story: REALTOR® Magazine (4/13) 
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Fair & Equitable Housing
The Hailey, Idaho, government is building five apartments to offer housing for public school teachers in partnership with nonprofit developer ARCH Community Housing Trust.
Full Story: Idaho Mountain Express and Guide (4/12) 
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Legislation & Regulation
Berkshire Hathaway's Warren Buffett says that most banks can withstand losses associated with any defaults on commercial real estate debt. "If you've got a big profitable business on top of it, which many banks do, you take your losses and you keep going on," Buffett says.
Full Story: CNBC (4/11) 
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About The National Association of REALTORS®
The National Association of REALTORS® is America's largest trade association, representing more than 1.5 million members involved in all aspects of the residential and commercial real estate industries. REALTOR® Magazine is the official magazine of NAR, bringing expert insight to real estate trends, tools, and business strategies.
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