Relocation company

What is a relocation company?

A relocation company is a business that specializes in helping employees move from one area to another for employment needs. Relocation companies often work for employers.

Deeper definition

A relocation company is often hired by a business that plans to move employees from one area to another. This may be because one business location is closing and another is opening. A common reason to turn to a relocation service is to make sure that employees transition smoothly to a new job location, which is usually a significant distance from their existing homes, making commuting to work impossible.

Relocation companies often offer specialized services. This may include handling the sale of a home in the existing location and the purchase of a new home in the new location. They may help facilitate the moving process. The relocation company does not necessarily work as a real estate agent or moving company, but it is able to provide supporting services.

Some employers offer relocation packages as a benefit for moving to a new area. This can encourage employees to fill vacancies that may not be local.

Relocation company example

Lisa’s employer is expanding into a different state. Her employer wants her to move her family to the new location so that she can help open the new office. Lisa’s employer hires a relocation company to help her sell her home, find housing in the new area, hire a moving company and make the transition.

Use Bankrate’s mortgage calculator to determine how much house you can afford to buy.

Other Real Estate Terms

Net effective rent

Net effective rent is the average amount of rent paid per month. Bankrate explains.

Gross rent

Gross rent is the actual amount you pay for rent each month. Bankrate explains.


Fixture is a common real estate term it pays to understand. Bankrate explains it.

Installment contract

Installment contract is a common term that every consumer should know. Bankrate explains it.

More From Bankrate