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Tag Archives: Estate agents

Lagos govt cautions against unregistered estate agents, developers

estate agents

The Lagos State Government on Monday advised residents to patronise only certified and registered estate agents or developers while seeking accommodation or dealing in properties. Mr Wasiu Akewusola, Permanent Secretary, Lagos State Ministry of Housing, gave the advice at Alapere in Ketu, near Lagos, where a fraudulent property developer allegedly duped no fewer than 262 prospective home buyers. “Residents of ...

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Estate agents arraigned for dishonestly selling property

Estate agents

The police on Tuesday arraigned two estate agents who dishonestly sold a four-bedroom apartment for N3.5 million in an Ilorin Magistrates’ Court. Ahmed Saka and Zubairu Olasunkanmi are charged with four counts of Criminal Conspiracy, Criminal Breach of Trust, Cheating and Obtaining Property by false pretenses. The Prosecutor, Insp Isaac Yakub, informed the court that the suspects sold the house ...

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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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Lawyers, estate agents, surveryors risks 15years imprisonment


Lawyers, Estate agents and surveyors are at risk of 15years imprisonment The Oyo State Government on Tuesday declared that any estate agent, surveyor or lawyer caught while abetting land grabbers in the state will be liable to a minimum of fifteen years imprisonment or pay a fine of N500,000 (five hundred thousand naira) or both. Attorney General and Commissioner for ...

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NIESV seeks reliable data in housing sector


The Nigerian Institution of Estate Surveyors and Valuers (NIESV) has disclosed plans to create verifiable data for prospective investors in the housing sector. Chairman of the Lagos branch of the institution, Rogba Orimolade, stated this yesterday during a courtesy visit to The Guardian in Lagos. He said the initiative, to be spearheaded in Lagos, would address the shortfalls in the ...

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NIESV urges investors to curb quackery in housing sector


Mr. Rowland Abonta, the National President of Nigerian Institution of Estate Surveyors and Valuers (NIESV), at the weekend, reiterated that efforts were in high gear to curtail quackery in the housing and construction profession, urging potential investors to always insist on professionals. NIESV is the highest decision making body for all practising estate surveyors and valuers across the country. Abonta, ...

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The 6 Rangers Of Your Real Estate Journey

Real estate Journey

A real estate journey involves the steps you take on the pathway of a real estate transaction or business. And just like in every journey we embark on, you are bound to meet people who will either make your journey eventful or hinder you from completing it. Investing in real estate is one of the best business decisions you can ...

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Realty Point Unveils Strong Platform for Real Estate Marketing

Realty Point

Realty Point Limited has launched a scheme that will assist estate agents to earn commission electronically from sales and through referrals. The platform known as Realty Point Independent Sales Agency (RISA), according to the managing director and Chief Executive Officer of the real estate firm, Mr. Gbadebo Adejana, is a combination of the lessons learnt from the previous models in ...

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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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