An Evaluation of Real Estate Managers' Ethical Decision Making in Property Management Practice in Ibadan Metropolis, Nigeria

The study identified factors in their hierarchies that are responsible for ethical decision making in property management. Data was collected from sixty-eight (68) registered estate surveying and valuation firms and eighteen (18) of other property development companies for the study through structured questionnaires. Descriptive and inferential statistical tools such as frequency tables, mean score, relative important index (RII) and ANOVAwere used in analysing data. The study revealed that real estate managers are usually confronted with ethical decision making in the areas of honesty, integrity, duty of obedience to clients as well as respect for existing and potential client. Five environmental factors were identified as potential influencers of ethical decision making among the respondents. Among estate surveying and valuation firms (ESVF) and among other property management companies (PMC) in Ibadan metropolis, the legal and social environments were identified as the Strongest environmental factors influencing ethical decision while the individual professional environment was the least factor across board. Finally, the analysis of variance (ANOVA) test revealed that the respondents are similar in their ethical decision making in property management practice. F (1, 16) =1.8749, P > 0.05.Therefore, real estate managers in Ibadan metropolis must be upright in their ethical decision making for improved property management practice.