Lagos State Government has set up an agency, Lagos State Real Estate Regulatory Authority (LASRERA), to monitor activities of estate agents and tenancy transactions in the state.
The Special Adviser to the Governor on Housing, Mrs. Toke Benson-Awoyinka, said with the agency, it’s no longer business as usual, saying no one can practise as a real estate agent and company without been licensed, as failure to comply would lead to sanctions.
Speaking at a briefing to unveil LASRERA, it’s portal and logo, she said the need to have such an agency had become necessary following a series of complaints about fraudulent estate agents and companies.
She said with the agency, residents can lodge complaints for such fraudulent agents to be prosecuted by the state government at no cost to complainants. (Vanguard)