The Lagos State Government has told unregistered estate agents to register with the Lagos State Real Estate Regulatory Authority or face legal consequences.
Lagos State Commissioner for Housing, Moruf Akinderu-Fatai, issued this warning at the 2024 Ministerial Press Briefing to commemorate the first year of Governor Babajide Sanwo-Olu’s second term in office.
Akinderu-Fatai ordered those engaging in real estate activities in the state without being registered either as individuals and organisations, to get themselves registered, or face the legal implications of non-complying with the law.
“It is also important to request that we spread the warning across every platform that it is an offence for an individual and organisation to engage in real estate business in Lagos State without being registered with LASRERA. Let us act responsibly and follow the path of the law,” he said.
The Commissioner also urged residents to be wary of dubious agents, saying, “I want to seize this opportunity to raise awareness on the need for residents not to fall victim to fake and dubious Estate agents and to patronise the registered real estate individuals, and organisations.”
