The Estate, Rent and Commission Agents Association of Nigeria (ERCAAN), has given a stern warning to those who have no genuine intention for the profession to stay clear of the practice rather than constituting a menace to its growth.
The association lamented that the real estate environment is now polluted with all sort of people who lacked basic training and knowledge of the profession, saying that the time has come for the association to find a lasting solution to the issue.
It also called on the government to review the Land Use Act as this would help to improve real estate business in Lagos and Nigeria at large.Speaking at ERCAAN Lagos State Chapter’s 21 Annual Conference 2017, titled celebrating the 50 years of real estate business in Lagos State, held in Ikeja, the Chairman, Godwin Alenkhe said the Land Use Act has become a major set back to real estate business.
Alenkhe stated that what ERCAAN abides with government policies by encouraging members to obtain real estate business licenses, establish offices and go for regular training to update their skills professionally.
The Chief Executive Officer (CEO), United Auction House Limited, Dr. Jogun Onabanjo, who spoke on the impact of the auctioneering on real estate business, said training an auctioneer would help those who are into real estate business to sell more property.
He also appealed to the Lagos State government to as matter of urgency adopt the statutory law of real estate as it was established in the Lagos State Agency Authority and all other matters.
Source: The Guardian