An aim of this study is to propose strategies for revitalizing real estate brokerage business when it comes to practical affairs rather than offering academic reviews or showing strategies. Based on understanding practical brokerage business, this stu...
An aim of this study is to propose strategies for revitalizing real estate brokerage business when it comes to practical affairs rather than offering academic reviews or showing strategies. Based on understanding practical brokerage business, this study offers various brokerage services in accordance with clients’ needs in practical situations.
In order to achieve the aim of study, it defines a notion of Real Estate Marketing, and observes systems of real estate brokerage business in Korea. In Chapter 3, as a strategy for revitalizing real estate brokerage business, Real Estate Marketing mics has been reviewed in a academic point of view in paragraph 1. From paragraph 2, Clients services strategies have been offered under practical real estates brokerage business circumstances. In paragraph 3, this study has shown several checkpoints for clients in a real estate transaction, showing examples of brokerage incidents and frauds. Also, this study proposes some protections that keep clients from brokerage frauds as one way of revitalizing real estate brokerage business. For using objective methods, Questionnaires has been operated, and its target subject is real estate broker in Daejeon. Based on results from the questionnaires, academic reviews, and field experiences, this study shows following conclusions as a strategy for revitalizing real estate brokerage business.
First, Share information among brokers and high quality services for the clients.
Second, Utilize real estate transaction database, enter into in between franchises, and employ various Internet sites for researching information.
Third, Specialize Brand Marketing for brokerage office and professional brokers
Fourth, Establish database of whole process of transaction, which is from interviews to management, and Set up details and update database about business plans.
Finally, Map out strategies that keep from transaction frauds in practical affairs
There are a lot of considerations that broker should review before transactions except for aforesaid 5 statements. For keeping from transaction frauds, results from questionnaires of real estate broker as follow;
Most important thing for avoiding transaction frauds is to that the brokers shall check up registration books or other ownership documents. Confirming ownership history shall not be ignored. Connection between real estate and financial system can be shown in confirming banking loan mortgage. Notes in the transaction shall be specified and details. It is also important to Fully understand and be explained the target real estate and Leashing protection Law. For brokers, he or she shall not pay by proxy, and shall keep eye on double transactions and forged documents. In some cases, brokers may not totally trust clients. And if the broker is greedy about service charge, it may cause brokerage breakdown.
Nowadays, real estate brokerage is not only about introducing target real estate and making transaction formation. Professional real estate broker shall be equipped in terms of synthesizing information and specializing business skills for fulfill the clients’ needs. It might happen legal problems on progress of transaction. Besides, real estate and financial system wouldn’t be separated. The broker shall be aware of taxation for those who are sensitive to taxation, In Korean circumstance; the broker shall be active according to the streams of Real Estate Governmental strategies.
In real estate business, it needs to develop frame-set and scientific marketing methodology. For that, training professional personnel that help the clients to trust professional real estate brokerage. If there is some doubt that the clients have about the brokers, it shall be clear up. According to the static tics issued by Ministry of Construction and Transportation, Korea has 176 thousand and 88 real estate brokers in time June 2005 now. We cannot say that just achieving real estate brokerage certificate can’t guarantee their additional values as professional brokers. In order to bolster real estate business in Korea, it requires total supports in terms of social, governmental, academic and practical fields with establishing business systems and principles.
With those supports, personally, the brokers shall try to motivate and develop themselves. After personal and professional development as a broker, he can be competitive professional real estate broker.