Learning Analytics: Professional Fees Equilibrium and Ethics between Estate Surveyors and Valuers and Clients
2020
Iroham, C.O. | Emetere, Moses | Okagbue, H. I. | Oni, A.S | Peter, Nkolika Joy
The professional scale of charges for estate surveyors and valuers as published by the regulatory body, the Estate Surveyors and Valuers Registration Board of Nigeria (ESVARBON) is a point of concern. This is because of the arbitrary negotiation, which most often than not have been done by parties concerned with the valuation assignment. Negotiation, which has been regarded as inevitable in dealings, if not curtailed in practice, could lead to incessant flaws of ethics. The study was confined to mortgage valuation as earlier works revealed its preponderance amongst other valuation types. This work aimed at determining an optimum scale of professional charges from a more scientific means using the Artificial Neural Network (ANN) aided from past negotiation between clients and practicing estate surveyors and valuers in the study area. The determination of equilibrium was more transient, particularly as the value of properties increases. The result derived will serve as a policy statement for the profession of estate surveying and valuation in charting a better course for practice.
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