Palmyra Fiber as Additional Materials on Solid Concrete Brick of Aggregate
Vol. 2 No. 2 (2011): May 2011

An Investigation of the Efficiency in Nigeria Real Estate Agency Practice

Iroham, C. O. (Unknown)
Oluwunmi, A. O. (Unknown)
Ayedun, C. A. (Unknown)
Oloyede , S. A. (Unknown)



Article Info

Publish Date
01 May 2011

Abstract

Estate agency which has been researched upon particularly in the UK, US and Asia is still in its infancy in Nigeria. Thisresearch aims at discovering the impact of different agency types in the efficiency of Nigeria real estate practice. The study of 159 EstateSurveying firms and 91 Property development companies in the commercial nerve centre of the country (Lagos) representing both agentsand principal (vendor/purchasers) respectively, indicates that multiple agency is mostly adopted in Nigeria real estate practice. TheRelative Important Index coupled with Chi-Square test at 0.05 level of significance supports the posit of certain inefficiencies synonymouswith multiple agency as discovered in an earlier work carried out in the UK. The researchers thereby advocated the modification of subagencypractice particularly to involve the consent and commitment of principals so as to eradicate all inefficiencies by safeguarding theinterest of all parties. A call for focus on the neglected real estate agency research among Nigeria researchers is also advocated.

Copyrights © 2011






Journal Info

Abbrev

mjss

Publisher

Subject

Civil Engineering, Building, Construction & Architecture Economics, Econometrics & Finance Materials Science & Nanotechnology

Description

The use of waste as an additional material on the building work was increasingly actively developed, such as straw, styrofoam, bagasse, cow manure. The key drivers of the use of waste is the potential for waste is increasing, due to the depletion of non-renewable resources. Papyrus rod diameter 60 ...