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By Olumide T. Agunbiade
INTRODUCTION AND BACKGROUND
1.1 INTRODUCTION
No other industry depends on accurate and timely information
for decision making and survival as much as the Real Estate Industry. The
Industry according to recent study and research has an estimated 5 million
participants in Nigeria.
Nigeria has a large real estate market that is untapped due
to limited circulation of information about property characteristics and their
impact on market values, organizations, available properties and professional
services available in various locations nationwide.
As real estate consultants and practitioners market their
properties, they recognize that in order to generate success, their information
must be well circulated and this information should be available, accessible,
reliable and affordable to the property buyers, sellers and investors with
speed, precision, accuracy and at the magic moment when the client needs the
information.