{"id":2042,"date":"2020-12-18T13:30:40","date_gmt":"2020-12-18T13:30:40","guid":{"rendered":"https:\/\/housematesnaija.com\/2020\/12\/18\/lagos-assembly-passed-the-second-reading-of-real-estate-regulations-in-the-state\/"},"modified":"2020-12-18T13:32:27","modified_gmt":"2020-12-18T13:32:27","slug":"lagos-assembly-passed-the-second-reading-of-real-estate-regulations-in-the-state","status":"publish","type":"post","link":"https:\/\/housematesnaija.com\/lagos-assembly-passed-the-second-reading-of-real-estate-regulations-in-the-state\/","title":{"rendered":"Lagos Assembly Passed The Second Reading of Real Estate Regulations in the State"},"content":{"rendered":"<p>[ad_1]<\/p>\n<div id=\"the-post\">\n<div class=\"featured-area\">\n<div class=\"featured-area-inner\">\n<figure class=\"single-featured-image\"><img loading=\"lazy\" class=\"attachment-jannah-image-post size-jannah-image-post lazy-img wp-post-image\" src=\"https:\/\/www.propertypro.ng\/blog\/lagos-assembly-passed-the-second-reading-of-real-estate-regulations-in-the-state\/wp-content\/uploads\/2020\/12\/download-1.jpg\" alt=\"\" width=\"640\" height=\"427\" \/><\/figure>\n<\/div>\n<\/div>\n<div class=\"entry-content entry clearfix\">\n<p><span style=\"font-weight: 400; font-family: verdana, geneva, sans-serif;\">Following the menace the Lagos state real estate industry has witnessed from quacks posing as realtors and land grabbers, a bill to regulate real estate activities within the state has passed a second reading.\u00a0 With regards to the content of the bill, here are some pin point from the house floor;<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400; font-family: verdana, geneva, sans-serif;\">Sanction for unlicensed estate practitioners and\u00a0 agency\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400; font-family: verdana, geneva, sans-serif;\">Data collection and collation on property transactions\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400; font-family: verdana, geneva, sans-serif;\">Dispensation of justice against erring practitioners\u00a0\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400; font-family: verdana, geneva, sans-serif;\">Registry for estate agents\/developers in the state\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400; font-family: verdana, geneva, sans-serif;\">On the issue of licensing, currently, the Nigerian Institute of Estate Surveyors and Valuers (NIESV) and other government approved Real Estate Associations have put in place measures to discipline erring members including control and supervision of real estate agents.<\/span><\/p>\n<p><span style=\"font-weight: 400; font-family: verdana, geneva, sans-serif;\">Nonetheless, data collection and gathering is key in order to identify the number of real estate agents, the associations, and other key sectors. <\/span><\/p>\n<p><span style=\"font-weight: 400; font-family: verdana, geneva, sans-serif;\">Commissions in real estate is the industry selling point, hence, the attraction from many young Nigerians to get into the business as a \u201cside hustle.\u201d Perhaps, an acceptable and minimum requirement for licensing must be put in place. Every contribution towards the economy in that sector should be welcomed.<\/span><\/p>\n<p><span style=\"font-weight: 400; font-family: verdana, geneva, sans-serif;\">Now that real estate is more of online selling rather than the conventional means.<\/span><\/p>\n<\/div>\n<\/div>\n<p>[ad_2]<\/p>\n<p><a href=\"https:\/\/www.propertypro.ng\/blog\/lagos-assembly-passed-the-second-reading-of-real-estate-regulations-in-the-state\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Following the menace the Lagos state real estate industry has witnessed from quacks posing as realtors and land grabbers, a bill to regulate real estate activities within the state has passed a second reading.\u00a0 With regards to the content of the bill, here are some pin point from the house floor; Sanction for unlicensed [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2043,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[79],"tags":[],"_links":{"self":[{"href":"https:\/\/housematesnaija.com\/api\/wp\/v2\/posts\/2042"}],"collection":[{"href":"https:\/\/housematesnaija.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/housematesnaija.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/housematesnaija.com\/api\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/housematesnaija.com\/api\/wp\/v2\/comments?post=2042"}],"version-history":[{"count":2,"href":"https:\/\/housematesnaija.com\/api\/wp\/v2\/posts\/2042\/revisions"}],"predecessor-version":[{"id":2098,"href":"https:\/\/housematesnaija.com\/api\/wp\/v2\/posts\/2042\/revisions\/2098"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/housematesnaija.com\/api\/wp\/v2\/media\/2043"}],"wp:attachment":[{"href":"https:\/\/housematesnaija.com\/api\/wp\/v2\/media?parent=2042"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/housematesnaija.com\/api\/wp\/v2\/categories?post=2042"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/housematesnaija.com\/api\/wp\/v2\/tags?post=2042"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}