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Tag Archives: Commission

The Buyer Or Seller: Who Really Should Pay Estate Agents Fee?

dark agents

The Real Estate sector has become lucrative and it is contributing in its own way to curbing unemployment in Nigeria. There are different levels of people involved in Real Estate business, but there is a particular set of people in the industry who are not without controversy, as regards who pays them or should pay them. These people are the ...

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Pencom declares FG has invested 2.89% pension in real estate

pencom

About N224.30 billion of pension funds representing about 2.89 per cent of pension assets has been invested in the real estate sector of the economy going by statements from the National Pension Commission (PenCom). PenCom’s decision followed pressures from stakeholders urging the regulator not to allow pension funds to be lying idle in the vault but to allow Pension Fund ...

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Ambode commissions 21 roads in Alimosho

Alimosho

It was all excitement for residents of Ipaja, Aiyetoro, Peak Thomas and other sub-urban communities in Alimosho area of Lagos State, Monday, as Governor Akinwunimi Ambode opened up the areas with network of 21 roads and two bridges amounting to 27.4 kilometres in all. The development is seen impacting the lives of the residents who can now access their once ...

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Cross River set to commission British/Canadian School in Obudu

Cross River set to commission British/Canadian School in Obudu

Arrangement has been concluded by the government of Cross River State to commission the British/Canadian International School which is presently undergoing construction in kakum, Obudu Local Government Area in the state in May this year. The Executive Chairman State Universal Basic Education disclosed this while ordering the contractors at site to redouble their efforts towards meeting up with deadline with ...

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The Greatest Christmas Real Estate Story Ever Told

real estate story

T’was an hour before closing, and the office was tense The first closing in months was about to commence With the economy a mess and underwriting requirements so tight Who would believe there’d be a closing tonight! Expenses were up, financials in the red But visions of commissions danced in the agents’ heads The loan was approved by the lender’s ...

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How Efficient is the Practice of Real Estate Agency in Nigeria?

real estate agency

Agency is described as a relationship existing between a principal and an agent, where an agent is given rights of authorization from the former to act on his behalf. Such relationship could be established when principals are convinced that the involvement of agents will produce more effective returns usually due to their vantage in training, commitment and knowledge in the ...

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6 Things People Dislike About Agents And How They Can Correct It

agents

Most people hate the fact that they often times have to go through a real estate agents before they can rent, buy or sell a property because of the impression some “so called” professionals in the real estate industry have created. Asides that, some real estate agents are only after the money they can get from a deal and care ...

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Commission sharing among estate agents

commission

In selling, buying or leasing a property, you usually require the services of an agent or broker and a lawyer. Although some people conduct real estate transactions without the services of these people because of the fees usually attached, industry experts believe it is better to engage them rather than not since they make the job easier, know the going ...

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