Friday, August 25, 2017

Tips On Developing A Policies And Procedures Manual And Management Guides For Real Estate Companies

By Christine Wilson


If you run your own property firm, it is important that you have guidelines that direct all its operational aspects. Such guiding principles need to documented and disturbed to all employees to enhance smooth operations. Here are top tips on developing a Policies and Procedures Manual and Management Guides for Real Estate companies.

To come up with a good office manual or guide, start by determining the areas it should cover. The document should contain all the basics such as the mission of the firm and operational procedures. However, you should only choose areas that are most relevant to your setting. Some of the most specific topics that you can consider including are ethical standards, communications, salary structures and terminations.

You need to figure out how to come up with the document. The best way to do it will all depend upon the budget you have set for the exercise. Drafting the guiding principles on your own can only be easy if you already have another one to refer to. Experts recommend that coming with any manual is best done through editing an existing one.

Hiring a consultant involves taking certain issues into consideration. You can find a good consultant through online search or referrals. Still, you can request for recommendations from a recognized professional association. Even though working with a consultant is costly, it is the best way to come up with a tailored document. Before selecting any expert, be sure they are reputable, experienced and certified.

A manual and management guide should be easy to understand. You should make it friendly to the users, attractive and not difficult to read. The language to be used in the entire file should be uncomplicated and clear. Each chapter and topic should also be clearly marked to make it easy for anyone to go directly to what they are looking for.

The essence of coming up with an office manual is to make it easily accessible. Lots of thought should therefore go into deciding on the best ways to distribute it. Each employee, including new recruits, should know where and how to find a copy of any guide they are interested in. Online copies should also be available for salespeople who spend most of their time in the field.

The management has a responsibility to ensure that the guide is updated regularly. This requires coming up with a maintenance plan with an aim of maintaining the accuracy of the document. Such a plan is important because it is only natural for laws and priorities of any firm to change. Also, work closely with an attorney in reviewing the write up to be sure it is in line with applicable regulations.

Policies, procedures and guiding principles play a number of roles within any organization. They provide good understanding of the kind of relationships that exists between the directors, employees and brokers. They also offer conflict resolution guidelines to help in taking care of problems as they arise. Additionally, they allow staffs to work flawlessly even without the presence of management.




About the Author:



No comments: