FLOWCHART OF THE REAL ESTATE CONSULTING PROCESS
(For Licensed Real Estate Consultants)
I.
Draw Client
Profile
DEFINE THE ENGAGEMENT
Purpose &
Problem
Identify
Subject
Property
Report
Time/Date
Report
Format
II
FORMALIZE THE CONSULTING RELATIONSHIP
Agree on Purpose
& Defined Problem
III
Set Work
Deadlines
Preliminary
Scope of
Work/Budget
Fee / Expense
Arrangement
Sign Engagement
Contract
PLAN THE ENGAGEMENT
Assign
Task
Review
In-house file
Set Critique
Points
IV
EXECUTE THE PLAN OF ENGAGEMENT
Compile Data
V
Analyze Data &
Develop Information
Formulate Conclusions
Recommendations
PREPARE THE REPORT WITH CONCLUSIONS & RECOMMENDATIONS
CONSISTENT WITH :
Purpose & Defined
Problem
Data Analyze &
Info Developed
Report Format &
Critique Points
Engagement
Obligation
VI
REVIEW THE REPORT
Check Accuracy of
Computations
VII
Check Logic & Reasonableness
Of Conclusions & Recommendations
PRESENT THE REPORT
Presentation
Meeting
Authenticate/ Distribute
Written Report
Post-Report Dialogue
Domingo D. De Vera, 2003