ABSTRACT
This study in Benin City examined investment valuation, focusing on risk and uncertainty in reports. It aimed to explore estate surveyors and valuers' demographics, their familiarity with quantitative risk assessment, and perspectives on integrating risk analysis into valuation reports. The study assessed prevalent risk assessment methods, frequency of risk incorporation, and the real estate sector's readiness for modern valuation approaches. Based on a sample of 46 participants, the study revealed a high 82.1% response rate, indicating eagerness for real estate research. Respondents, primarily aged 30-49, mirrored industry trends. Gender disparity persisted, with 78.3% being male, highlighting a sector challenge. Education-wise, 47.8% had B.Sc. or HND degrees, and 41.3% had M.Sc. degrees, reflecting industry focus on education. Most participants (39.1%) had over 10 years' experience, mainly property valuers and surveyors. These professionals often encountered risk factors, emphasizing the need for robust risk assessment. Their familiarity with quantitative risk assessment indicates a positive shift toward modern valuation methods. Findings stress the importance of continuous professional development, gender diversity initiatives, research promotion, and standardized risk assessment for improving investment valuation's professionalism, accuracy, and credibility in Benin City.
