An Investigation of the Efficiency in Nigeria Real Estate Agency Practice

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dc.contributor.authorIroham, C.O
dc.contributor.authorOluwunmi, A.O
dc.contributor.authorAyedun, C.A
dc.contributor.authorOloyede, S.A
dc.date.accessioned2022-09-10T18:53:35Z
dc.date.available2022-09-10T18:53:35Z
dc.date.issued2011
dc.description.abstractEstate agency which has been researched upon particularly in the UK, US and Asia is still in its infancy in Nigeria. This research aims at discovering the impact of different agency types in the efficiency of Nigeria real estate practice. The study of 159 Estate Surveying firms and 91 Property development companies in the commercial nerve centre of the country (Lagos) representing both agents and principal (vendor/purchasers) respectively, indicates that multiple agency is mostly adopted in Nigeria real estate practice. The Relative Important Index coupled with Chi-Square test at 0.05 level of significance supports the posit of certain inefficiencies synonymous with multiple agency as discovered in an earlier work carried out in the UK. The researchers thereby advocated the modification of sub- agency practice particularly to involve the consent and commitment of principals so as to eradicate all inefficiencies by safeguarding the interest of all parties. A call for focus on the neglected real estate agency research among Nigeria researchers is also advocated.en_US
dc.identifier.citationIroham, C. O., Oluwunmi, A. O., Ayedun, C. A. and Oloyede, S. A. (2011). An Investigation of the Efficiency in Nigeria Real Estate Agency Practice. Mediterranean Journal of Social Sciences, 2(2), 184-193.en_US
dc.identifier.urihttps://ir.unilag.edu.ng/handle/123456789/11412
dc.language.isoenen_US
dc.publisherMediterranean Journal of Social Sciencesen_US
dc.relation.ispartofseries2(2);184-193
dc.subjectAgency, Agent, Principal, Real Estate, Efficiency, Nigeriaen_US
dc.titleAn Investigation of the Efficiency in Nigeria Real Estate Agency Practiceen_US
dc.typeArticleen_US
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