Journal: International Journal Of Latest Engineering And Management Research
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Abstract
The practice of estate management has been inundated with incursions from both quacks and allied professionals who see the estate practitioners as wealthy. These, coupled with other identified factors, bring about ethical misconducts in practice of estate profession. This research aims at stemming the rising abuse of ethical standards in practice of the profession. The problem was examined through descriptive research method whereby 84 questionnaires (out of 100 administered) were successfully completed and analysed. Data was summarised through frequency distribution and hypothesis tested through Pearson correlation coefficient. Major findings indicate that causes of misconducts include greed, non-qualification, living above means and lack of professionalism. Also among misconducts were, under-declaring of receipts, not having clients’ account, using clients’ money, multiple sign board, advising clients wrongly, over- (and under-) valuation, incompetence, and not disclosing surveyors’ interest in the property. It was recommended that regulatory bodies should exercise their statutory authority and discipline erring surveyors and publicise their punishments. Also recommended are for surveyors to improve their conduct, morality to be added to curriculum and to publicise the profession and what they do. The study contributes to knowledge by suggesting ways of stemming the professional misconducts and abuses that seem to be on the increase.