Expert Advocates Regulation of Real Estate Agency Practice to Curb Challenges

Expert Advocates Regulation of Real Estate Agency Practice to Curb Challenges

 
Expert Advocates Regulation of Real Estate Agency Practice to Curb Challenges

Guest Speaker with Members of the Department of Estate Management after their 3rd Town and Gown Seminar

An Estate Surveyor and Valuer, ESV Chudi Ubosi, has strongly recommended the regulation of the activities of Real Estate Agency for Estate Surveyors and Valuers in the country, in order to tame the hydra-headed challenges facing the profession.

ESV Ubosi, who is the Principal Partner at Ubosi Eleh and Co. (a firm of Estate Surveyors and Valuers), gave the recommendation as the guest speaker at the Town and Gown seminar organised by the Department of Estate Management, Covenant University, Ota, on Friday, March 24, 2017.

The guest speaker, who is also the National President of the Association of Estate Agents of Nigeria, while speaking on the “Challenges and Prospect of Real Estate Agency for Estate Surveyors and Valuers in Nigeria,” also recommended that practitioners should entrench first-class customer service in their organisation.

“As estate agent, you must put your best foot forward, which include your personal appearance and presentation. These can either make or mar your relationship with the client,” he told the participants.

ESV Ubosi also recommended among others, capacity building for practitioners, use of technology, creation of real estate transaction data base, amendment of Land Use Act, judicial reforms, as well as educating the consuming public on what the profession stands for and represents.

He had earlier categorised the challenges facing the profession as internal and external, which, he said border on issues that are personal to each and every estate agency practitioner and professionalism as well as those outside the ambit of the direct control but still impinge negatively on the practice of estate agency respectively.

The challenges, he said, would never be totally eliminated, but with gradual implementation of some of the recommendations, there would be a drastic reduction and a better playing field for all in the estate agency practice.