An Exposition on Principals’ Influence in Real Estate Negotiation

Iroham, C.O. and Oluwunmi, Adedamola O and Oluwatobi, A. O. (2011) An Exposition on Principals’ Influence in Real Estate Negotiation. International Journal of Marketing Studies, 3 (2). pp. 169-175. ISSN 1918-7203

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Abstract

The conflicting interest between principals’ and the intermediary role played by Estate Surveyors and Valuers during real estate negotiation could prone the latter to influence from these principals’ as evident in valuation. The research which entailed a survey of 159 Estate Surveyors and Valuers in Lagos metropolis was analyzed with the use of descriptive statistics and the Relative Important Index. It was discovered that potential tenants are most apt in influencing real estate negotiation which is usually carried out with the use of reward powers and information power where pecuniary gains are offered to Estate Surveyors and Valuers in order to accomplish their whims while access to information by these principals are also used against the Estate Surveyor and Valuer working in an unfamiliar terrain respectively. The researchers therefore opines that a wakeup call by both the Nigerian Institution of Estate Surveyors and Valuers and the Estate Surveyors and Valuers Registration Board of Nigeria in curbing the prevalence of this influence will help preserve the integrity of the Estate Surveying and valuation profession.

Item Type:	Article
Uncontrolled Keywords:	Principal, Estate surveyor and valuer, Influence, Negotiation, Real estate
Subjects:	H Social Sciences > HD Industries. Land use. Labor T Technology > TA Engineering (General). Civil engineering (General) T Technology > TH Building construction
Divisions:	Faculty of Engineering, Science and Mathematics > School of Civil Engineering and the Environment
Depositing User:	Mr Solomon Bayoko
Date Deposited:	19 Mar 2014 13:37
Last Modified:	10 Jul 2017 11:44
URI:	http://eprints.covenantuniversity.edu.ng/id/eprint/2211

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