Challenges Facing Estate Surveying and Valuation Professional Practice in Nigeria. by- Isaac Okoronkwo .C.

Topics: Real estate, Nigeria, Professional Pages: 3 (862 words) Published: February 6, 2013
The challenges facing Estate Surveying and Valuation professional practice in Nigeria Experts in the building industry have listed some factors bedeviling Estate Surveying and Valuation Profession in the country. They include; [1] poor remuneration, [2] quackery, [3] stringent legislation, [4] lack of training and [5] falling standards of valuation practice.

According to Solanke (2010), stated that poor quality service, outdated scale of fees and unhealthy competitions are some of the major challenges of the professionals in the industry. Professor Solanke was of the view that poor quality service will incur the disrespect of the society on the professionals and also lead to non-payment of professional fees including threat on the continued existence of the profession.

In the same vein, he attributed unhealthy competition among professionals in the sector despite clear specification of professional roles to lack of vision by the practioners. He however, used the justifications to canvass for the regeneration and restoration of professional ethics as to enhance the practice of estate surveying noting that the future of the sectors is the future of the professionals.

Ojo (2004) observed that Nigerian Estate Surveyors and Valuers have been rather slow and lukewarm in their attitude and approach to the required accuracy changes in valuation practice thereby resulting into complaints from clients about valuation estimates. According to Dr. Olawande Oni in a paper entitled “Challenges Facing Surveying and Valuation Profession on the Global Setting”- he observed that the challenges confronting valuation profession across the globe are interconnected. He insists that competition for work, compliance with complex and stringent standards of professionals practice within harsh environment, keeping abreast of the dynamic and changing environment of valuation practice, poor remuneration and coping with stringent legislation are some of the problems facing the...
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • The Ethical Challenges of Professional Practice Essay
  • Essay on Principles of Professional Practice
  • Facing Challenge Essay
  • real estate valuation Essay
  • Challenges Facing Today's Organizations Research Paper
  • Challenges Facing Western Countries Essay
  • Challenges facing youths today Essay
  • The Impact of the Activities of Quacks on the Practice of Real Estate Profession in Nigeria. Essay

Become a StudyMode Member

Sign Up - It's Free