What is Consulting for Real Estate?

Any industry has its ups and downs, but recent years have been particularly turbulent for real estate. In a business like ours, in times like these, having someone to help and guide you is invaluable. Whether you're a brokerage, Association, or MLS, consulting services may be just what you need to take your business to the next level. From technology implementation to strategic planning, consulting services provide the research and advice you need.

Questions to Ask

There are some important questions to ask when considering any real estate technology product and some that are unique to choosing a consulting service.

First, let's look at general questions you'll want to ask.

• What are my objectives for hiring a consultant and how do you expect the service to benefit your company?
• What is my budget?

After you've asked and answered these questions, you can get down to the questions that are specific to consulting:

• What is the consultant's background?
• Do they have experience working on similar projects for a company like yours in the past?
• Can they provide references?
• What process will they use in providing the consulting service?
• Is their proposal detailed and does it include specific deliverables and timelines?
• Who on your team will work with the consulting firm and who at the consulting firm will lead your project?