African Journal of Estate and Property Management

African Journal of Estate and Property Management Vol. 1 (5), pp. 177-181, May, 2014. © International Scholars Journals

Full Length Research Paper

Towards an effective real estate agency education: A stride to efficiency in Nigeria

Iroham Chukwuemeka Osmond*, Oloyede Samuel Adesiyan, Ajibola Mayowa Olusola and Durodola Olufemi Daniel

Department of Estate Management, School of Environmental Sciences, College of Science and Technology, Covenant University, Ota, Ogun State Nigeria.

*Corresponding author.E-mail: emeka_iroham@yahoo.co.uk

Accepted 2 May, 2014

Abstract 

Real estate agency has been relegated in academic curriculum of Estate Management Programme in Nigeria. This partly accounts for few research efforts in the field compared to what is obtainable in the UK, US and Asia. This research therefore aims at examining the practice of real estate agency amongst the professionals’ viz-a-viz curriculum of study obtained while they were undergoing trainning. 159 Estate Surveying firms and 91 Property Development Companies in Lagos were studied. Relative Importance Index and Chi-Square test set at the 0.05 level of significance were adopted for the analysis. It was found that multiple agency was the most practiced which was also fraught with inefficiencies. The study therefore advocated a modification of agency practice through review of curriculum and commitment of both agents and principals in order to eradicate the identified inefficiencies. It also called for focus on the neglected real estate agency research among Nigerian researchers.

Key words: Education, Real Estate, Agency, Efficiency, Nigeria.