Estate Manager

Estate Management is concerned with the valuation,
taxation, development and utilization of land and
resources, buildings and other structures on land.
The discipline is designed to prepare one for
professional practice in land management, land use
planning and land development, land reform, land
settlement, real estate taxation and rating valuation,
aspects of town and country planning, valuation,
investment/development schemes and feasibility/
viability appraisals.
Estate management covers a number of areas that
include property management , surveying, business
and finance and the built environment and essentially
the subject is primarily concerned with the valuation
and management of land and buildings in the public
and private sector.
Estate management can also be defined as an art of
science of directing and supervising of one’s interest
in land or landed property in other to achieve some
optimum returns which may not only be financial but
political, social statute, prestige and other returns.
Scope of Estate Management
Estate management covers a large variety of
disciplines. Estate management covers the areas of
architecture, land law or property law, building
construction, quantity surveying and land surveying,
land economics and general economics, agriculture
and agricultural economics, town planning and public
utilities, all these courses and discipline play vital
roles in the life and practice of an estate
management student or practitioner.
Estate management is concerned with the setting of
policies, planning and development of interests in
land and landed properties to secure optimum
returns.
Estate management is also concerned with the
studying of land laws, property laws, state laws
concerning real or landed properties unlike the
business management that does have such motives
and goals of studying property or land laws.
Skills and Competencies required to be
successful in Estate Management
Detail-oriented
Organization
Professionalism
People Skills
Knowledgeable
Communication Skills
Career / Job Opportunities for Estate
Management Graduates
Graduates of estate management can take up job
opportunities in various industries, some of them are
professional real estate firms, government, banks and
financial institutions, Oil and gas companies,
mortgage institutions, law courts, property
investment and development companies, property
management companies.
Estate Surveyor and Valuer
Chartered loss adjuster
Construction manager
Town planner
Property manager
Facilities manager
Real estate marketer
Maintenance officer/manager
Project manager
Project coordinator/supervisor
Estate agent
Historic buildings inspector/conservation
officer
Housing manager/officer
Landscape architect
Nature conservation officer
Sustainability consultant
Property developer
Estate manager/officer
Rating valuer/officer
Premises manager
Project appraisal
Construction project supervisor/officer
Expert witness
Property arbitrator/mediator
Property auctioneer
Housing development supervisor/
coordinator
Real estate contract officer
Property inspection officer
Land valuer
Property assessor
Property valuation officer/manager

the evolution of Estate Surveying and
Valuation as a distinct and recognized profession is a
middle Ages development rooted in the feudal
societies of Europe. The Lords of the Manor of
Medieval Europe owned extensive and sometimes far-
flung holdings. Usually, only a portion of each of
these estates was held and exploited directly by the
land owners. The rest, which constituted the bulk of
these holdings, was given out to tenants and serfs to
use, either for a fee or under some feudal
arrangement. On account of the size and disparate
locations of these holdings, each landowner
appointed stewards or agents to oversee these
estates for them. At the beginning what was required
of these stewards was that they were men of honour
who could be trusted in fiduciary relationships. This
explains the sobriquet, “Noble” which is attached to
the profession of Estate Surveying and Valuation.
As time went on the business of managing these
estates rose in sophistication, the requirements for
the job increased. First, it became necessary that the
practitioners were also lettered, in order to keep pace
with the demands of ever increasing record-keeping.
Next, a knowledge of book-keeping was required, to
accommodate the accounting requirements involved.
Later on, the ability to tackle various proprietary and
commercial relationships involved in managing these
estates introduced Surveying, Law, Commerce,
Economics and Statistics into the profession.
The modern foundation of what is now known
variously as Estate Management, Estate Surveying
and Valuation, or Land Economics was laid in the
mid-eighteenth century. In the wake of the Industrial
Revolution, a major reorganization took place in most
of Europe. In the United Kingdom especially, this
resulted in a massive population shift from rural to
urban areas and a consequent redistribution of land
rights and proprietary interests.
At the dawn of the 19 century, the practitioners of
the various skills comprising Estate Management
banded themselves into trade groups or guilds. Later
on there were definite moves to form a distinct
professional group to embrace the various
classifications. The most serious moves began in
London on 27 June, 1843 with the formation of the
Land Surveyors Club. There were fits and starts in
this respect until the establishment of the Surveyors
Institution on 23 March, 1868, which metamorphosed
into the Royal Institution of Chartered Surveyors
(RICS) in 1946.
In Nigeria, the profession of Estate Surveying and
Valuation followed in the wake of colonialism with
F.G Gleave, an expatriate being the first known
Chartered Surveyor to set up a General Practice or an
Estate Surveying and Valuation firm in the country in
1955. Hitherto, there were a few Chartered Surveyors
in private and public employment in Nigeria.
The profession of Estate Surveying and Valuation is
defined as the arts, science and practice of:
1. Determining the value of all descriptions of
property and of the various interests therein;
2. Managing and developing estates and other
businesses concerned with the management of
landed property;
3. Securing the optimal use of land and its associated
resources to meet social and economic needs;
4. Determining the structure and condition of
buildings and their services and advising on their
maintenance, alteration and improvement;
5. Determining the economic use of land resources
by means of financial appraisal for the building
industry; and
6. Selling (whether by auction or otherwise) and
buying or letting (as agent) of real and personal
property and of any interest therein.
Historically, Estate Surveying and Valuation
profession was concerned almost exclusively with the
operations of residential, commercial and industrial
properties on behalf of individual owners who wanted
to be relieved of the responsibilities of personally
attending to the details of rent collections, property
maintenance and record keeping as regards the
property, but with the advent of civilization and
sophistication in commercial practices, the profession
responded in like manner by expansion in scope
which has made it a specialized type of management
with various branches. These branches include:
1. Valuation : This is the estimation of the capital or
rental value of land/ or building at a particular point
in time.
2. Estate Agency : This entails the buying and selling
of property interests.
3. Property Management : This involves the overall
administration and maintenance of properties.
4. Project Development : This is the co-ordination of
the development of a property from inception to
completion. This aspect entails the following
activities; project conceptualization, feasibility and
viability studies, securing development finance,
project supervision and project maintenance.
5. Estate Consultancy Services : This revolves general
advice on property transactions.
6. Arbitration Services : This entails acting as an
intermediary between disputing parties.
Other ancillary services but important branches of
the profession are; property rating, auctioneering,
estate brokerage, investment appraisal, compensation
and compulsory acquisition matters and land
economy.
Based on the foregoing, it is evidently clear that the
profession of Estate Surveying and Valuation is a
multi-disciplinary one requiring appreciable knowledge
of law, building construction and quantitative subjects
like accounting, statistics among others.
By training, an Estate Surveyor and Valuer is indeed
the best equipped to handle matters relating to the
sale of real estate. Simply put, they are trained to
harness and advise on and manage resources in land
and landed property. In Nigeria, the body that is
legally empowered to cater for and control of the
activities of Estate Surveyors and Valuers is the
Nigerian Institution of Estate Surveyors and Valuers
(NIESV). The institution is a non-profit voluntary,
professional organization set up in 1969.The
Institution was accorded official government
recognition six years later by the promulgation of the
Estate Surveyors and Valuers Registration Act which
is more popularly known as Decree Number 24 of
1975.
The legislation established the Estate Surveyors and
Valuers Registration Board of Nigeria, ESVARBON, as
a corporate body empowered to regulate the
profession of Estate Surveying and Valuation in
Nigeria.
DICKSON CHUKZ OLISENEKWU

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