JOIN US IN NEW YORK CITY FOR THE REAL ESTATE CONNECT 2014

                                                                                Pix: eagledailyinvestor.com

By Olumide T. Agunbiade

 In a world where people are closer to one another than ever before, how will our industry adapt? When our connectivity is redefining what it means to work for and with one another, how can agents and brokers make the most of the opportunity?

There is no better conference than Real Estate Connect to identify, dissect and apply the new guidelines of the partnership economy and determine what those changes will mean for the real estate industry. Come meet the change makers, find kindred spirits, and rewrite the rules of engagement right before our very eyes.

THE 6TH FLOOR: THE PRICE TAG (1)

 By Olumide T. Agunbiade| Online Editor and Blogger

 www.facebook.com/Agunbiadeolumide

           www.agunbiadeolumide.blogspot.com

IT happens a lot these days in Nigeria. Homeowner falls on hard times and has to move from his home, selling or renting it out to make ends meet. But, if that house happens to sit on a few acres in Ikoyi area of Lagos, there may be one difference. The rent is N2.5million. A month.

That was what chief Korede, a politician and socialite--his close friends includes Senators and Ministers—was asking for his Bourdillon Palace, as it was called. In the year since he moved, he already had two tenants. One a Russian oil tycoon and the other an Italian interior decorator. They were the sort for who price hardly matters. What they want instead are security, the location and the experience.

THE CODE OF CONDUCT OF ESTATE AGENCY PRACTICE IN LAGOS STATE

The Special Adviser to the Governor on Housing, Hon. Jimoh Ajao at the workshop of the Lagos State Real Estate Transaction Department (LASRETRAD) held in 2013. Pix: Olumide T. Agunbiade

RULES AND REGULATORY CODE OF CONDUCT THAT PROTECT THE PRACTICE OF ESTATE AGENCY IN LAGOS STATE

1.      RULES AND REGULATIONS ON REAL ESTATE TRANSACTION

                                                                                                   Source: LASRETRAD

        I.            A registered agent transacting business in Lagos State shall have ascertained operational business premises or office within the state.

     II.            A registered agent shall maintain a record of his or her business transactions and shall open a separate bank account for that purpose.

   III.            A registered agent shall ensure that a prospective tenant or purchaser takes physical possession of the property paid for within fourteen (14) days except otherwise stated in writing.

  IV.            A registered agent shall ensure that his principal performs all necessary obligations due to the government under applicable legislation and regulation

2.   STANDARDS OF PROFESSIONAL COMPETENCE

        I.            A registered agent must exercise all skill, care, competence and diligence at all times when carrying out agency work.

     II.            A registered agent is presumed to be conversant with laws and regulations relevant to the agency work.

FOR SALE: BLOCK OF FLATS (N10M –N120M)

Location:        6 Flats of 3B/R @ Community Rd, Akoka

Price:               N50M

Title:                C of O

Contact:          Jossy Properties |08023882330, 08165371627

Location:        4 flats of 3B/R @ Community Rd, Akoka

Price:               N35M

Contact:          Jossy Properties |08023882330, 08165371627

QUICK LETTINGS: 3BEDROOM FLATS

Location:            Layi Otegbade Street, Pedro

Price;                    N600K P/A

Contact:           Jossy Properties |08023882330, 08165371627

Location:            Johnson  

Price:                    N700K P/A

Contact:           Jossy Properties |08023882330, 08165371627