Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You or Your Team.

Learn More →

Incursion of non‐professionals into property management practice in Nigeria

Incursion of non‐professionals into property management practice in Nigeria Purpose – The paper seeks to identify the factors that are responsible for the incursion of non‐professionals, otherwise called quacks, into property management practice in Nigeria. Design/methodology/approach – Primary data were collected with the aid of questionnaires served on 270 estate surveying firms based in the study area. The proportion method was used to determine the factors that are significantly responsible for the daily incursion of non‐professionals whose activities have negatively affected real estate investment in the country. Findings – The result shows that the high income derivable from property management practice is a major factor. Other factors in their perceived order of importance include provision of unsatisfactory and less than standard service by estate surveyors, lack of confidence by clients on the estate surveyor to evict erring tenants and shortage of qualified personnel. Research limitations/implications – Obtaining the perception of practitioners could subject the findings of the study to bias. Further research targeted at the clients of property management services will provide a balanced view. Originality/value – The findings from this study will provide professional bodies and policy makers with data to curb the activities of quacks and enhance the practice of real estate management. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Property Management Emerald Publishing

Incursion of non‐professionals into property management practice in Nigeria

Timothy Tunde Oladokun; Olatoye Ojo
Property Management , Volume 29 (3): 16 – Jun 28, 2011
Download PDF
16 pages

Loading next page...
 
/lp/emerald-publishing/incursion-of-non-professionals-into-property-management-practice-in-AgEl9eJd40

References (20)

Publisher
Emerald Publishing
Copyright
Copyright © 2011 Emerald Group Publishing Limited. All rights reserved.
ISSN
0263-7472
DOI
10.1108/02637471111139446
Publisher site
See Article on Publisher Site

Abstract

Purpose – The paper seeks to identify the factors that are responsible for the incursion of non‐professionals, otherwise called quacks, into property management practice in Nigeria. Design/methodology/approach – Primary data were collected with the aid of questionnaires served on 270 estate surveying firms based in the study area. The proportion method was used to determine the factors that are significantly responsible for the daily incursion of non‐professionals whose activities have negatively affected real estate investment in the country. Findings – The result shows that the high income derivable from property management practice is a major factor. Other factors in their perceived order of importance include provision of unsatisfactory and less than standard service by estate surveyors, lack of confidence by clients on the estate surveyor to evict erring tenants and shortage of qualified personnel. Research limitations/implications – Obtaining the perception of practitioners could subject the findings of the study to bias. Further research targeted at the clients of property management services will provide a balanced view. Originality/value – The findings from this study will provide professional bodies and policy makers with data to curb the activities of quacks and enhance the practice of real estate management.

Journal

Property Management – Emerald Publishing

Published: Jun 28, 2011

Keywords: Property management; Incursion; Quacks; Non‐professionals; Professional bodies; Estate surveyors; Real estate; Nigeria

There are no references for this article.