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Principal Consultant, Kunle Faleti Consulting, Mr. Kunle Faleti (left); Lagos State Commissioner/Attorney General for Justice, Mr. Moyosore Onigbanjo; Special Adviser to Governor on Housing, Mrs. Toke Benson-Awoyinka, Permanent Secretary; State’s Ministry of Housing, Mr. Wasiu Akewusola and Senior Special Assistant to Governor on Housing, Mr. Ayodeji Amodu at stakeholders forum on real estate held at the Oriental Hotel, Victoria Island, Lagos.
Inside the Real Estate Agency Act Under the law, it is only a person licensed as a real estate broker who can provide services associated with real estate transactions. Therefore, any person who performs real estate services without a license commits an offence. The persons who are eligible to be issued with the license are: a. individuals who have passed an examination conducted by …
Dr Jonathan Zinzi Ayitey, a Senior Lecturer, Kwame Nkrumah University of Science and Technology, has stressed the need for the regulation of real estate agency services to rid the industry of fraud, laundering of illegal income, and tax evasion. He said appropriate regulation would minimise the effect of the vices on the national economy and enhance the international image of the country. Dr Ayitey …