A.CRE Consulting’s Post

AI is reshaping the interview process in Commercial Real Estate (CRE), creating a new reality for job seekers. First-round interviews used to be about making a personal connection or passing the “beer test”, and that’s a thing of the past now. 👉 Conversations are recorded and transcribed in real-time. 👉 Detailed summaries are generated automatically. 👉 Hiring managers can share clips of your interview with decision-makers, bypassing subjective interpretations. 👉 This means your first-round interview now carries the weight of what used to be a second or even final round. -------- What does this mean for you? -------- First-round interviews now demand a different approach: 1️⃣ Precision and Depth:  ➡ Be prepared to answer detailed, technical questions early in the process.  ➡ Whether it's about market analysis, deal structures, or financial modeling, your answers are more critical than ever. 2️⃣ Recorded Interactions:  ➡ Every response will be captured, reviewed, and potentially analyzed by AI.  ➡ There’s no room for vague or unclear answers. 3️⃣ Less Emphasis on Interpersonal Chemistry:  ➡ While likability is still important, the focus has shifted to competency and expertise in key areas of CRE. -------- How should you prepare? -------- ✅ Master the Fundamentals:  ➡ Solid, technical answers showcasing your CRE knowledge and deal-making expertise will make a lasting impression. ✅ Use AI to Prepare:  ➡ Platforms like ChatGPT or other AI-driven tools can help you anticipate questions and practice your responses with clarity and focus. ✅ Stay Updated on AI Tools:  ➡ As more CRE firms adopt AI, showing proficiency with these technologies is becoming necessary in the hiring process. -------- Key Takeaways for Job Seekers in CRE -------- 👉 Be Technically Proficient:  ➡ Expect tougher, more technical questions early in the process.  ➡ Your expertise will be scrutinized from the get-go. 👉 Leverage AI Tools for Preparation:  ➡ Use AI-based tools to practice and refine your responses.  ➡ AI is becoming a job requirement, so understanding how to work with it is crucial. 👉 Adapt to the New Reality:  ➡ Being able to work seamlessly with real-time transcribing tools will set you apart from other candidates. The future of CRE hiring is AI-driven. To stand out, you must not only demonstrate expertise but also showcase your ability to work with AI tools and adapt to this new hiring landscape. Are you ready for this next wave? P.S. What are some ways you’re staying on top of these challenges? Follow A.CRE Consulting for latest insights in CRE. #ACRE #cre #ai #tools #jobseekers

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Brian Schroeder

Independent LIHTC & Capital Consultant | A.CRE Consulting, Financial Modeling & Underwriting Expert for Commercial Real Estate | MAC

2mo

100% agree.

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