An Evaluation of Real Estate Managers' Ethical Decision Making in Property Management Practice in Ibadan Metropolis, Nigeria
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Date
2023
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Journal ISSN
Volume Title
Publisher
Lead City University Ibadan
Abstract
The study identified factors in their hierarchies that are responsible for ethical decision making in
property management. Data was collected from sixty-eight (68) registered estate surveying and
valuation firms and eighteen (18) of other property development companies for the study through
structured questionnaires. Descriptive and inferential statistical tools such as frequency tables, mean
score, relative important index (RII) and ANOVAwere used in analysing data. The study revealed that
real estate managers are usually confronted with ethical decision making in the areas of honesty,
integrity, duty of obedience to clients as well as respect for existing and potential client. Five
environmental factors were identified as potential influencers of ethical decision making among the
respondents. Among estate surveying and valuation firms (ESVF) and among other property
management companies (PMC) in Ibadan metropolis, the legal and social environments were identified
as the Strongest environmental factors influencing ethical decision while the individual professional
environment was the least factor across board. Finally, the analysis of variance (ANOVA) test revealed
that the respondents are similar in their ethical decision making in property management practice. F (1,
16) =1.8749, P > 0.05.Therefore, real estate managers in Ibadan metropolis must be upright in their
ethical decision making for improved property management practice.
Description
Keywords
Property Management, Ethics, Legal Environment, Social Environment, Real Estates.