Question
The Stark Real Estate firm has recently entered the property industry. In order to grow, you have been given a job to analyse sources of
The Stark Real Estate firm has recently entered the property industry. In order to grow, you have been given a job to analyse sources of information about the property market and business environment to determine both immediate and ongoing business opportunities. Complete cost-benefit analysis of property information to determine the viability of opportunities. Analyse available information to develop an agency property market profile. Estimate demand for agency services and develop potential client profile. Determine resources to service projected demand and include them in an overall cost-benefit analysis. Establish an agency marketing positioning strategydocument a range of services to be provided with associated service fees. Conduct a break-even analysis of short- and long-term agency viability to ensure cash flow. Determine performance benchmarks and develop strategic directions accordingly. Submit a report incorporating the cost-benefit analysis of property information collated, client profile, agency's marketing strategy and associated fees. Use this template to record details of the process.
Nature of real estate
business
(for example, Land settlement/
purchasing or selling land or
property/ leasing land or
property )
What other stakeholders
will be involved
What legal/industry
requirements are relevant
to this real estate business
Were any of the following undertaken? (If so, provide details)
What process did you use
to assess and gather
property information
Did you make potential
clients profile
What research did you
undertake for marketing?
Communication with
stakeholders
Using networks
Record keeping of all the
documents
Analysis of marketing strategy
Conflict resolution
Cost-benefit analysis
Break-even analysis
Provide details of the sources from which you gathered information regarding a property
Details of cost-benefit analysis
Based on your conclusions, what recommendations would you make to your organisation to ensure
future compliance and ethical operation?
Recommendations:
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