Relocation 101 RDC Mentor Program May 18, 2005 San Diego, CA
Relocation Management Companies « Historical Overview « Roles & Responsibilities « Industry Trends
Historical Overview Real Estate Assistance « “In-house” Programs « Third Party Programs « Full Outsourcing
Historical Overview Types of Programs: « Direct Reimbursement « Marketing Assistance Only « Buyer Value Option « Guaranteed Purchase Offer « Closing Services Only
Historical Overview Home Purchase Assistance « Assigned Sale (AS) « Amended Value Offer (AV) « Buyer Value Option (BVO) « Guaranteed Purchase Offer (GPO)
Roles and Responsibilities Realtor « Relocation Department ¨ Destination Assistance Candidate Services Orientation & Home Finding ¨ Home Sale Assistance BMA’s & List Price Establishment Contract Negotiation Inventory Management
Roles and Responsibilities Relocation Management Company « Policy Administration « Household Goods « Marketing Assistance « Temporary Living « Home Sale « Travel « Home Finding « Mortgage Assistance « Area Orientation « Expense Management « Candidate Services « International « Rental Assistance « Tax Gross-up « Settling In Services
Service Partnerships « Reputation « Longevity « Relocation Experience « Market Share « Commitment to Service Excellence
Broker Evaluation « Standards of Performance « Proven Track Record « Financial Stability « Technology Capabilities « Customer Service Focus « Training « Innovation « Shared Commitment with Third Party
Performance Evaluation « Delivery of Service « Quality (Accuracy) « Satisfaction « Financial Responsibility 25% 25%
Industry Trends « Reduced Service Fees ¨ Referral Fee Capture is KEY « Cost Containment « Outsourcing « International « Impact of Technology
Top 10 Things You Don’t Want to Hear From Your RDC Member 10. Does the corporation have insurance? 9. I forgot to winterize the house. 8. I forgot to have the buyer sign the relocation addendum. 7. Oops! – Sorry about the roach infestation. 6. We accidentally locked the transferee’s child in the wine cellar. 5. The fire wasn’t too bad – just some smoke damage. 4. We pulled the wrong comps when we set our BMA value. 3. Can we use the inventory house’s pool for our summer party? 2. The transferee didn’t disclose the black mold. 1. I don’t have enough time to take this order.