Dictionary of Business Terms: relocation service
relocation service
a company that contracts with other firms to arrange the relocation of employees from one city to another. The service generally handles the sale of the employee's home and purchase of a new home. Furniture-moving services may also be included.
Dictionary of Real Estate Terms: relocation service
relocation service
a company that contracts with other firms to arrange the relocation of employees from one city to another. The service generally handles the sale of the employee's home and purchase of a new home. Furniture-moving services may be included also.
Example: The Beeker Company wishes to open a new office in Denver. Most of the staff for the new office will be relocated from Miami. Beeker hires a relocation service to sell the employees' homes and to help them find new homes in the Denver area.
