Issue link: https://www.e-digitaleditions.com/i/927891
32 Relocation appraisal R & I Regular transaction/ acquisition Third-party company Relocation Management Company (RMC) Relocation policy Differs from loan appraisals primarily because forecasting is applied to the value. It gives an amount for what the home will be worth in 90 or 120 days, when the corporation would be buying it (either in-house or via a third-party company). Estimated or actual cost of repairs and improvements. When transferee accepts the buy-out, and closes with the third-party company. Colloquial term which refers to relocation management companies which administer buy-outs for corporate clients. They earn revenues from client fees, broker referral fees, and interest earnings on equity which they advance to employees in the home-purchase process. They do not earn revenue from "buying low and selling high". On the contrary, a large proportion of homes which go into third-party inventory are ultimately sold at a loss versus the amount paid to the employee, another reason why pre-marketing has become the preferred approach. Category of relocation company which typically specializes in pre- marketing and/or home finding but does not administer buy-outs. The program of reimbursable benefits which each corporation establishes to govern the way its employees' relocation expenses and relocation needs are treated in a transfer situation. Many companies have "tiered" policies with different benefits for different levels of employees, so just because one employee received a certain benefit does not mean that another will, and agents should keep this in mind when working with employees from the same company.