“As I speak to you, the licensed estate agents in Lagos State are not up to 500"- Chairman declares

Chairman of the Estate, Rent and Commission Agents Association of Nigeria (ERCAAN) speaks on the deplorable state of real estate agents in Lagos state.

Real estate agent

The real estate industry is known for a lot of scams.

Thankfully, the chairman, of Estate, Rent and Commission Agents Association of Nigeria  (ERCAAN) is revealing why this is the case.

According to Godwin Alenkhe, it is because there are only 500 licensed real estate agents in Lagos state.

As a result, the number of illegal ones surpass that of licensed ones, which explains the high amount of dupes and scams.

“As I speak to you, the licensed estate agents in Lagos State are not up to 500. The number of illegal ones surpasses that of licensed ones by far; most of them don’t even have offices. We have licensed estate agents in Lagos and it is not easy to get a licence. None of our members is involved in most of the fraudulent activities that you see happening in the sector. We have disciplinary measures in place.”

He went on to appeal to the state government to do something about this.

“We are appealing to the state government to transform the Lagos State Real Estate Transaction Department to a government agency because of the bureaucracy in government departments. The LSRETD is just a department so enforcement is a problem. Two months ago, we raided the Ikorodu area of the state but we want an exercise that will cover the whole of Lagos State so that all the bad representations can come to an end. (But) we realised that politicians don’t want to probably step on toes.”

JOIN OUR PULSE COMMUNITY!

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

Hushpuppi: Police Commission suspends Abba Kyari over FBI indictment

IPPIS: FG to meet ASUU on Monday to avert looming strike

Lobby for presidential slot thickens ahead of 2023 elections

APC Congress: Ebonyi adopts Option A4 voting system

COVID-19: NCDC registers additional 497 with zero death

IGP Usman Baba suspends Abba Kyari over Hushpuppi connection

25 corps members test positive for COVID-19 in Gombe

Saraki returned home after clarifying issues with EFCC — Spokesperson

Hushpuppi: Abba Kyari advised to get a legal team to stop FBI’s extradition request