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Companies often hire employees from out of the area or transfer existing employees to another office. When this happens, a relocation package " or RELO as its known in the real estate world " may come into play. Usually a third-party RELO company handles nearly all aspects of the employees home sale on behalf of the employer. In brief, RELO packages offer financial incentives to employees who must sell their current home and buy a new one in the city to which theyre relocating.

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