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AGENCY
PRACTICE IN NIGERIA (A CASE STUDY OF ENUGU)
ABSTRACT
The Agency practice
in Nigeria and some other problems encountered in Agency work through the
practice of non-professionals agents known as quacks.
Actually, it talks
about agency practice and the of the agents duty towards the principal known as
the landlord and his tenants.
In analysis the
agency practice in Enugu in researcher carried out a research work around Enugu
and got information and contribution from professionals Estate surveyors and
non-professional through questionnaires.
The project also
highlighted the various methods of data presentation and analysis.
TABLE OF CONTENT
CHAPTER ONE
1.0
Introduction
1.1
Agency
CHAPTER TWO
2.0
Literature
Review
3
2.1
Types of Agency Practice in Nigeria
2.2
Sole Agency
2.3
Joint Sole
Agency
2.4
Sub Agency
2.5
Multiple Agency
2.6
Quacks
2.7
Termination of Quacks
Agency
2.8
Conditions for the Creation of Agency in Nigeria
2.9
Who then can be an Estate Agent
2.10
Right and Duties of the Estate Agent
2.11
The various segments of Estate Agency
practice and
activities of Quacks
CHAPTER THREE
3.0
Research Methodology
3.1
Source of
Data
3.2
Secondary
Sources
3.3
Primary
Sources
3.4
Methods of Data
Collection
3.5
Research
population
3.6
Sample size
3.7
Instrument
Questionnaire
Observation schedule
CHAPTER FOUR
4.0
Data Presentation and Analysis
4.1
Research Question
1
4.2
Research Question
2
CHAPTER FIVE
5.0
Summary of Findings, Recommendation and Conclusion
5.1
Summary of Findings
5.2
Recommendation
5.3
Conclusion
Appendix
1
Appendix
11
Reference
CHAPTER ONE
INTRODUCTION AGENCY
Commercial activities
have been on the increase in Nigeria in the past few years. This is also
reflected in the fact that there has been an increase in real estate
activities. The real agency business has therefore in the recent past
become a business for all comers market women, housewives, mechanics, taxi
drivers, lawyers, doctors, engineers, and in a case I know of, even a battery
charger have all cashed in on this burgeoning business. The reason is not
far fetched.
The aim of this
rather limited. This is to examine the practice of real estate agency in
Nigeria to determine whether only estate surveyors and valuers can engage in
such business. The main question this paper is trying to answer is do
estate surveyors have an exclusive right to engage in the acquisition and
disposition of interests in real estate? Is there any law granting estate
surveyors and valuers such a right? What role should legal practitioner play in
the acquisition and disposition of interests in land? Real estate to a
lawyer simply means an interest in land and so the lawyer talks about real
property, as distinct from personal property. Real property or realty,
simply means, immoveable property (natural fixed).
Actually, agents are
used in this field of real estate. An agent can be defined as a person
who act or perform on the behalf of another person known as the
principal”. An agency is a relationship between two persons by their
agreement, while one person (the agent) acts on behalf of another, the
principal. An agency is a relationship of another, the principal.
An agency is a relationship between in which someone (the estate agent) acts on
behalf of another person (the principal) who seeks to acquire or dispose an
interest in the property.
Generally speaking
though, agency work consists of work done in the course of business, pursuant
to instructions received from another person who wishes to dispose of or
acquire an interest in landed property.
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