BrokerageIndustry News

Real estate firms cash in on globalization

Part 3: Inside look at change in relocation industry

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Editor's note: This three-part series focuses on changing forces and their impact on the relocation industry. Inman News targets three main aspects of change: rising fees and their effect on real estate professionals; the housing slowdown; and how an increasingly global economy is ramping up the relocation industry. (Read Part 1: Relocation fees reach breaking point for some agents and Part 2: Real estate slowdown shakes up relo benefits.) Outsourcing, globalization, the World Wide Web, the European Union and free trade agreements are elements of a rising connectedness between people and economies in many nations. The real estate relocation industry is tapping into this trend by providing services that allow corporations to expand their frontiers through the transfer of employees to and from other countries, and real estate companies are also increasing their reach to chase relocation-related business around the globe. The list of worldwide relocation service providers has ties to...