Irene Naliaka Cheloti and Manya Mainza Mooya
This paper examines the effects and root causes of client influence within the valuation profession in Kenya.
Abstract
Purpose
This paper examines the effects and root causes of client influence within the valuation profession in Kenya.
Design/methodology/approach
This study adopted a mixed research design incorporating a survey and experiment of registered and practising valuers in Kenya and interviews of key informants from registered and practising valuers, valuers' clients (commercial banks) and professional bodies.
Findings
The study found that client influence negatively impacts the valuation profession, contributing to inaccurate valuation outcomes, and it exists because of the valuation environment, represented by limited and unreliable information in Kenya and many other developing countries.
Originality/value
This study makes a critical contribution to the empirical literature as it introduces new insights into the impacts and causes of client influence by demonstrating how the valuation environment, characterised by poor information, contributes to client influence in Kenya, which is typical of many other developing countries.
Details
Keywords
Irene Naliaka Cheloti and Manya Mainza Mooya
This paper examines participants' opinions on whether valuation education and training in Kenya is adequate while comparing it to actual material conditions.
Abstract
Purpose
This paper examines participants' opinions on whether valuation education and training in Kenya is adequate while comparing it to actual material conditions.
Design/methodology/approach
This research is based on a survey of registered and practicing valuers in Kenya, interviews of key informants from professional bodies and the five universities offering real estate degree courses in Kenya, and a review of Kenya's real estate curricula and Institution of Surveyors of Kenya (ISK) training.
Findings
It was perceived that while valuer education and training in Kenya is satisfactory, it differs from actual material conditions as it fails to cover practical issues in valuation practice.
Originality/value
The study makes a critical contribution to the empirical literature by introducing new insights in valuation education and training in Kenya.