EXAMINATION OF THE CHALLENGES FACING THE PRACTICE OF REAL ESTATE AGENCY IN ENUGU URBAN

The study examined Examination of the Challenges Facing the Practice of Real Estate Agency in Enugu Urban. The researcher adopted the survey research design. The population of the study was made up of 45 Estate Surveyors & Valuers in Enugu Metropolis. The entire population was used as the sample size of the study. Questionnaire was used as the primary source of data collection. Face and content validity was adopted. The reliability of the questionnaire used for data collection was also tested by test re-test method. This is to ensure a high percent return of the questionnaire administered on the respondents. The data collected was presented and analyzed using tables of frequencies, and percentages. The result of the analysis revealed that there are challenges confronting the practice of real estate agency in Enugu urban ranging from intrusion of quacks has damaged the image of the Estate Agency, absence of regulatory policy to guide the practice of real estate agency and inability of public to distinguish between quacks and professionals. It was found that the involvement of quacks in real estate profession contributes to poor public perception of real estate agency practice in Enugu urban. It was found that there are factors that influence intrusion of quacks into real estate agency practice in Enugu urban such as lack of government laws and regulation pertaining real estate agency has affected its practice in Enugu Metropolis. It was found that quackery activities affect real estate agency practices in Enugu urban. The study recommended among others: The regulatory bodies both the professional and concern government agency should strengthen the institutional policy and provision that guide the practice of real estate agency to conform with global best practices. The law and policies backing the introduction of real estate agency as a general practice should be reexamined and re-structure in order to curb the rampant dubious and fraudulent acts characterised with the quackery activities due to loopholes in the law of registering the agency practice.