Effect of Quackery on Estate Agency Practice in Akure

Abstract

This research analysed the effect of quackery and factors that contribute to quackery in estate agency practice in Akure. The data for the study was collected through questionnaires administered on twenty (20) registered Practicing Estate Surveyors and Valuers in Akure. A total of fifteen (15) questionnaires were retrieved and analysed. The data collected were analyzed using Descriptive Statistics (Weighted Mean Scores and Frequency Table). The study revealed that estate agency generated the bulk of income made by Estate firms in Akure. The study also revealed that factors such as free entry of quacks in the practice of estate agency and clients’ ignorance contributed to quackery in the practice of estate agency. It further revealed that quackery undermined the positive impact of Estate Surveyors and Valuers in real estate practice and hence a foreseeable extinction of the relevance of Estate Surveyors and Valuers in estate agency practices, if it is not checked. The study therefore recommended that all stakeholders in real estate and the public at large must be continuously educated through conferences, seminars on the practice of Estate Surveying and Valuation Profession and the inherent dangers quackery contributes to the practice of estate agency. Also, though it may be difficult but ESVARBON must develop a strong will to regulate the practice of estate agency in Nigeria. Keywords: Quackery, Charlatan and Estate Agency DOI : 10.7176/EJBM/11-15-14 Publication date :May 31 st 2019