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  • #24426

    O’Connell
    Participant

    As a real estate professional I would like to know if Six Sigma can be used in a Real Estate sales transaction?  Specifically to help improve the success rate of all transactions, or to at least increase the the number of listings (sellers) contracts. 

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    #58644

    T. Minor
    Member

    Brian,
    The answer to your question is, “Yes”, Six Sigma may be applied to the real estate industry.  The tools of Six Sigma can help you to improve the efficiency of a RE sales transaction.  You would apply the tools to help you to achieve the following (this is not an exhaustive list of applicable areas):
    1) ID your customers
    2) ID their requirements
    3) Measure how well you meet their requirements, etc …
    In other words, by applying the Six Sigma tools one could improve operational efficiencies of a RE company and thereby improve the financial opportunities of the business.
    I have substantial experience in your industry and have successfully implemented multiple Six Sigma programs to improve RE operations. 
    I hope this answers your question.
     

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    #58908

    hd
    Participant

    hi there,
     
    i am new to isix sigma and am doing a research on implementation of six sigma in real estate, i look forward to your support and more information, as to which are the areas in real estate where six sigma is implemented and exactly how (eg pls mention specific processes where six sigma has been implemented) in this regards
     
    hd
     

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