Registration of real estate practitioners in Lagos not negotiable – LASG

L-R: Permanent Secretary, Lagos State Ministry of Housing, Mr Wasiu Akewusola; Special Adviser to the Governor, Mrs Adetoke Benson-Awoyinka; Commissioner for Housing, Moruf Akinderu-Fatai and the Senior Special Assistant to the Governor, Abdul-Akeem Ayodeji Amodu during the Real Estate Practitioners/ Property Developers Stakeholders Forum at Adeyemi Bero Auditorium Alausa, Ikeja at the weekend.

The Lagos State Government at the weekend insisted that the registration of real estate practitioners across the State is not negotiable.

It said the registration process was in the interest of the practitioners and members of the public.

Special Adviser to the Governor on Housing, Mrs. Adetoke Benson-Awoyinka, stated this when she addressed a gathering of Real Estate Practitioners at a Forum held at Adeyemi Bero Auditorium, Alausa, Ikeja alongside some relevant Government Agencies in the built sector on improved 21st century processes.

She said that the registration would protect accommodation seekers from falling prey to fraudulent practitioners and would also increase public confidence in genuine practitioners.

The Special Adviser also declared that it had now become illegal to practice Real Estate Business in the State without a valid Lagos State Real Estate Regulatory Authority (LASRERA) License.

She emphasized that above every other reasons, the need to protect the lives and property of all residents of the State being the primary responsibility of government, necessitated the coordination, regularizarion and registration of genuine Practitioners in the Real Estate business.

According to her “let me emphasize that engaging in real estate transactions without registering with the State Government or obtaining necessary approval is a punishable offense under the law”.

She made reference to several reports on the pages of newspapers and social media about people who fell victims of fraudulent Real Estate transactions unknowingly, stressing that government could not fold its arms and allow fraudulent practices to thrive.

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