A Perspective Analysis of Ethical Issues and Data Security Challenges in Real Estate Agency Practice in Osun state, Nigeria

Abstract

As a critical component of the national economies, the need for an efficient and effective The
real estate sector in Nigeria is increasingly facing ethical concerns and data security challenges,
particularly in urban centers like Osogbo and Ile-Ife. This study provides a critical perspective
on the ethical dilemmas and data security risks encountered by real estate practitioners in these
cities. Using a mixed-methods approach, the research explores the prevalence of unethical
practices such as misrepresentation, fraud, and conflict of interest, alongside emerging concerns
about data privacy and cybersecurity threats in property transactions. Primary data were
collected through structured interviews and surveys administered to real estate managers, local
agents, clients, and regulatory bodies. Secondary data from previous literatures were also
analyzed to evaluate existing opinions. Findings indicate that while regulatory mechanisms exist,
enforcement is weak, leading to recurrent ethical breaches. Additionally, inadequate digital
literacy and infrastructures and the absence of robust data protection policies exposes clients to
risks such as identity theft and financial fraud. The study recommends the implementation of
stricter regulatory compliance, enhanced professional ethics training, and the adoption of secure
digital platforms for real estate transactions. Strengthening institutional oversight and
awareness on ethical conduct and data security will be crucial in fostering transparency and
trust in the sector.