TITLE:
Risk Management in Real Estate Property Management Systems
AUTHORS:
Thomas O. Ombati
KEYWORDS:
Real Estate Property, Management
JOURNAL NAME:
American Journal of Industrial and Business Management,
Vol.12 No.7,
July
7,
2022
ABSTRACT: The purpose of this study is to analyze risk
management in real estate property management systems. The study will seek to
address two specific objectives: to establish risks involved in the
adoption of electronic commerce in real estate transactions and explore best
practices in risk control inherent in electronic transactions in real estate
sector. The study entailed a
systematic review of empirical literature in order to arrive at conclusions. It
was revealed that the most prevalent risks in real estate property management
systems include fraud, theft, security and confidentiality of information,
information asymmetry, lack of trust, security of e-commerce infrastructure,
existing and new laws among others. Some of the best risk management practices
adopted include use of privacy enhancement technologies, adoption of account-based
transactions, better website management, insurance and arbitration.