Real estate agents in Ghana: A suitable case for Regulation?
- Publication Type:
- Journal Article
- Regional Studies, 2011, 45 (3), pp. 403 - 416
- Issue Date:
Obeng-Odoom F. Real estate agents in Ghana: a suitable case for regulation?, Regional Studies. This paper uses a qualitative approach to examine whether regulation would improve the effectiveness of the Ghanaian estate agency market. Interviews with landlords, estate agents, clients, and officials of the Rent Control Department suggest that (1) most so-called 'problems with unlicensed agents' are actually landlord-related problems; (2) there is a camaraderie relationship between unlicensed agents and their clients which effectively provides a licence against fraud; and (3) regulation would exacerbate unemployment and increase agency fees. For these reasons, regulation in general may not be in the public interest. Alternative ways of improving effectiveness in the Ghanaian estate agency market are recommended. © 2011 Regional Studies Association.
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