{"id":5912,"date":"2017-08-28T03:30:56","date_gmt":"2017-08-28T03:30:56","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/experts-advocate-national-estate-agents-registration-board\/"},"modified":"2017-08-28T03:30:56","modified_gmt":"2017-08-28T03:30:56","slug":"experts-advocate-national-estate-agents-registration-board","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/experts-advocate-national-estate-agents-registration-board\/","title":{"rendered":"Experts advocate national estate agents\u2019 registration board"},"content":{"rendered":"<p><\/p>\n<div id=\"\">\n<div id=\"attachment_249970\" class=\"wp-caption alignnone\" readability=\"36\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2023\/01\/2db1c3823eb9dc02352ca6b3accb768e.jpg?resize=1280%2C720&#038;ssl=1\" data-lazy-src=\"https:\/\/i0.wp.com\/guardian.ng\/wp-content\/plugins\/ventra-lazy-load\/images\/1x1.trans.gif?ssl=1\" data-lazy-srcset=\"https:\/\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2023\/01\/2db1c3823eb9dc02352ca6b3accb768e.jpg 1280w,https:\/\/guardian.ng\/wp-content\/uploads\/2017\/03\/estates-640x360.jpg 640w,https:\/\/guardian.ng\/wp-content\/uploads\/2017\/03\/estates-1062x598.jpg 1062w,https:\/\/guardian.ng\/wp-content\/uploads\/2017\/03\/estates-320x180.jpg 320w,https:\/\/guardian.ng\/wp-content\/uploads\/2017\/03\/estates-281x158.jpg 281w,https:\/\/guardian.ng\/wp-content\/uploads\/2017\/03\/estates-562x316.jpg 562w,https:\/\/guardian.ng\/wp-content\/uploads\/2017\/03\/estates-531x299.jpg 531w,https:\/\/guardian.ng\/wp-content\/uploads\/2017\/03\/estates-487x274.jpg 487w,https:\/\/guardian.ng\/wp-content\/uploads\/2017\/03\/estates-974x548.jpg 974w,https:\/\/guardian.ng\/wp-content\/uploads\/2017\/03\/estates-600x338.jpg 600w\" class=\"wp-image-249970 size-full lazyload\" alt=\"\" width=\"1280\" height=\"720\" sizes=\"auto, (max-width: 1280px) 100vw, 1280px\"\/><noscript><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-249970 size-full lazyload\" src=\"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2023\/01\/2db1c3823eb9dc02352ca6b3accb768e.jpg?resize=1280%2C720&#038;ssl=1\" alt=\"\" width=\"1280\" height=\"720\" srcset=\"https:\/\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2023\/01\/2db1c3823eb9dc02352ca6b3accb768e.jpg 1280w,https:\/\/guardian.ng\/wp-content\/uploads\/2017\/03\/estates-640x360.jpg 640w,https:\/\/guardian.ng\/wp-content\/uploads\/2017\/03\/estates-1062x598.jpg 1062w,https:\/\/guardian.ng\/wp-content\/uploads\/2017\/03\/estates-320x180.jpg 320w,https:\/\/guardian.ng\/wp-content\/uploads\/2017\/03\/estates-281x158.jpg 281w,https:\/\/guardian.ng\/wp-content\/uploads\/2017\/03\/estates-562x316.jpg 562w,https:\/\/guardian.ng\/wp-content\/uploads\/2017\/03\/estates-531x299.jpg 531w,https:\/\/guardian.ng\/wp-content\/uploads\/2017\/03\/estates-487x274.jpg 487w,https:\/\/guardian.ng\/wp-content\/uploads\/2017\/03\/estates-974x548.jpg 974w,https:\/\/guardian.ng\/wp-content\/uploads\/2017\/03\/estates-600x338.jpg 600w\" sizes=\"auto, (max-width: 1280px) 100vw, 1280px\"\/><\/noscript><\/p>\n<p class=\"wp-caption-text\">Following the phenomenal growth and high number of unlicensed persons operating as <a href=\"https:\/\/amazingproperty.com.ng\/blog\/estate-agents-nearby\/\">estate agents<\/a>, defrauding the public and the government, experts have called for the establishment of an Estate Agents Registration Board (EARB).<\/p>\n<\/div>\n<p>Following the phenomenal growth and high number of unlicensed persons operating as estate agents, defrauding the public and the government, experts have called for the establishment of an Estate Agents Registration Board (EARB).<\/p>\n<p>In other climes, the regulatory body for estate agency practice is charged with the responsibility of registering estate agents and ensuring that the competence and conduct of practicing estate agents are of a standard sufficiently high to ensure the protection of the public.<\/p>\n<p>Leading the call at the first edition of 2017 yearly stakeholders\u2019 forum organised by the Lagos State Real State Transaction Department (LASRETRAD) in Ikeja, an estate surveyor and valuer, Tope Ojo said a national and state board is needed for the standardization of the practice.<\/p>\n<p>Expanding the conference theme, \u201cStandardising <a href=\"https:\/\/amazingproperty.com.ng\/blog\/property-center-nigeria\/\">Real estate<\/a> Agency Practice in Lagos State\u201d, Ojo noted that lack of regulatory framework has become a major bane to real estate agency in Nigeria.<\/p>\n<p>Using the South Africa and Canada models, he stressed that there is a board that regulate over 40,000 estate agents in South Africa, while one cannot practice in Canada without completing a course and passing the examination through the provincial real estate association against the free entry and free exit model practiced in Nigeria.<\/p>\n<p>According to him, creating estate agency board will ensure registration of all estate agents, provision of professional indemnity for the practice, <a class=\"wpil_keyword_link\" href=\"https:\/\/amazingproperty.com.ng\/blog\/what-us-insurance-companies-offer-the-best-workers-compensation-insurance\"   title=\"insurance\" data-wpil-keyword-link=\"linked\">insurance<\/a> and creation of categories of licensed members in Nigeria.<\/p>\n<p>Lagos State Government\u2019s Special Adviser on <a href=\"https:\/\/amazingproperty.com.ng\/blog\/sell-your-home-online-fast\/\">Housing<\/a>, Mrs. Aramide Giwanson regretted that estate agency practice has become an all comers affair including those who do not have the basic training and qualification as a result of the lack of a central professional\/ regulatory body that will set minimum standard and code of ethics for practitioner.<\/p>\n<p>She noted that many Nigerians have been defrauded because of the state of estate agency practice in Lagos, which is largely unorganized, unregulated and unprofessional.<\/p>\n<p>According to her, one of the steps taken by the Lagos state government to redress the situation was the establishment of LASTRETRAD, a department saddled with the responsibility of not just ensuring that the stipulated rules and regulations guiding the real estate agency are strictly adhered to but also ensure that violators are made to account for their actions.<\/p>\n<p>She expressed the belief that this will ensure protection for citizens and reduce the tendency for fraudulent practices as well as enable government to adequately capture the data on property transactions on as regular basis as being done in most developed parts of the world.<\/p>\n<p>She therefor urged all relevant stakeholders in the real estate agency to partner government in the task of ridding the sector of dubious and unqualified agents.<\/p>\n<p>In his remarks, Director, Estate Department in the State\u2019s Ministry of Housing, Babatunde Oyebola stressed that the establishment of LASTRETRAD in 2012 was to among other responsibilities, regulate and monitor the activities of real estate agents in the state.<\/p>\n<\/div>\n<p><a hre=\"https:\/\/guardian.ng\/property\/experts-advocate-national-estate-agents-registration-board\/\"> Guardian <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Following the phenomenal growth and high number of unlicensed persons operating as estate agents, defrauding the &hellip; <a title=\"Experts advocate national estate agents\u2019 registration board\" class=\"hm-read-more\" href=\"https:\/\/amazingproperty.com.ng\/blog\/experts-advocate-national-estate-agents-registration-board\/\"><span class=\"screen-reader-text\">Experts advocate national estate agents\u2019 registration board<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":5913,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4],"tags":[519,695,4751,516,243,205,561,698,684,522,41,818,84,385,513,12],"class_list":["post-5912","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-africa","tag-agent","tag-amazing","tag-estate-agen","tag-estate-agency","tag-estate-agent","tag-estate-agents","tag-insurance","tag-lagos","tag-nigeria","tag-property","tag-real","tag-real-estate","tag-real-estate-agent","tag-real-estate-agents","tag-surveyor"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/08\/estates.jpg?fit=1280%2C720&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":8663,"url":"https:\/\/amazingproperty.com.ng\/blog\/real-estate-and-commission-agents\/","url_meta":{"origin":5912,"position":0},"title":"Real estate and Commission Agents","author":"Amazing Property","date":"June 1, 2018","format":false,"excerpt":"Real estate and Commission Agents:\u00a0You are in the process of trying to sell your property and have your marketing up and running. So, how do you convert callers into offers? Here is one method.","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Estate and commission agents","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/02\/74dc1e45106140d09530a5b799b7ba59_S.jpg?fit=424%2C281&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":5302,"url":"https:\/\/amazingproperty.com.ng\/blog\/real-estate-agents-make-them-your-friend-not-foe\/","url_meta":{"origin":5912,"position":1},"title":"Real estate agents \u2013 make them your friend not foe","author":"Amazing Property","date":"July 14, 2017","format":false,"excerpt":"Getting your head around what real estate agents actually do is very useful when it comes to building a good rapport with them. Cate Bakos, a Melbourne-based licensed real estate agent and buyers\u2019 advocate, gives us a handy breakdown. Real estate agents can sometimes get bad rap, and although some\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/06\/Agent-and-prospective-home-buyer.jpg?fit=800%2C600&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/06\/Agent-and-prospective-home-buyer.jpg?fit=800%2C600&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/06\/Agent-and-prospective-home-buyer.jpg?fit=800%2C600&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/06\/Agent-and-prospective-home-buyer.jpg?fit=800%2C600&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":88090,"url":"https:\/\/amazingproperty.com.ng\/blog\/agency-fee-for-property-sales-in-nigeria\/","url_meta":{"origin":5912,"position":2},"title":"Agency fee for property sales in Nigeria","author":"Amazing Property","date":"January 8, 2023","format":false,"excerpt":"How Much Is Really The Real estate Agent Fee For Property Sales In Nigeria ? Real estate agents are professionals who help people buy and sell property. They are responsible for finding buyers, negotiating prices, and helping to close the deal. In Nigeria, real estate agents are regulated by the\u2026","rel":"","context":"In &quot;RealEstate&quot;","block_context":{"text":"RealEstate","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/realestate\/"},"img":{"alt_text":"The fee for property sales in Nigeria","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2023\/01\/The-fee-for-property-sales-in-Nigeria.jpg?fit=1024%2C660&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2023\/01\/The-fee-for-property-sales-in-Nigeria.jpg?fit=1024%2C660&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2023\/01\/The-fee-for-property-sales-in-Nigeria.jpg?fit=1024%2C660&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2023\/01\/The-fee-for-property-sales-in-Nigeria.jpg?fit=1024%2C660&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":682,"url":"https:\/\/amazingproperty.com.ng\/blog\/pinraise-extends-nonprofit-movement-to-include-real-estate-agents\/","url_meta":{"origin":5912,"position":3},"title":"PinRaise Extends Nonprofit Movement To Include Real Estate Agents","author":"Amazing Property","date":"February 8, 2017","format":false,"excerpt":"Unique program connects agents, local nonprofits and consumers PinRaise\u2122, the company that connects consumers with local businesses and nonprofits, announced its new Agent with Heart\u2122 initiative. 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