Question

Estate Agency case study Clients wishing to put their pecperty on the market visit the estate agent, who will take details of their housc, flat or burgalow and enser them oe a cand which is filed aceonding to the area. price range and type of property. Potential buyers complete a similar type of card which is filed by buyer name in an N4 binder. Weckly, the estate agent maiches the potential buyer's requirements with the available properties and sends them the details of selected peoperties. When a sale is completed, the buyer eonfirms that the contracts have been cuchangod, client details are removed from the propcrty file, and an invoice is sent to the clicat. The clacat receives the top copy of a three part set, with the other two copies being filled. On reccipt of the piryment the invoice copics are stamped and arcaived. Invoices are checked on a monthly hasis and for those accounts not settled within two months a reminder ithe third copy of the invoice) is sent to the client. Create a context diagram for this Estate Agency case study

Answer 1

A context diagram for the estate agency would depict the system at the center, with inputs from property owners and potential buyers, processing of the property-buyer match, and outputs like property details, invoices, and reminders.

Step-by-step explanation:

The context diagram for the estate agency in the case study should capture the main inputs, processing, and outputs of the system. At the heart of the diagram, we would represent the estate agency system. The inputs would include the details of properties from the clients and the requirements from potential buyers. The processing involves matching buyer's requirements with available properties and managing transactions. Outputs include details sent to potential buyers, invoices sent to clients, and reminders for unsettled accounts. The diagram would not include internal processes like filing cards but would focus on the interaction between the agency and external entities like clients and buyers. Additionally, the concept of Escrow is particularly relevant when discussing real estate transactions as it provides a means of ensuring that all parties fulfil their obligations, while transferring property taxes and home insurance payments efficiently.