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Regulate activities of estate agents, surveyors – Oyo Assembly tells Makinde

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Members of the Oyo State Home of Meeting have suggested the state authorities to henceforth regulate actions of property brokers and surveyors within the state.

They suggested the state authorities, led by Governor Seyi Makinde, to curb unlawful expenses and extortions by property brokers within the state.

The lawmakers made the declaration throughout a plenary held on Tuesday.

In a movement raised by the Speaker of the Meeting, Adebo Ogundoyin, and Babajide Adebayo, the lawmakers famous that it’s changing into tough for potential tenants to lease a home or store with out going via an agent.

They maintained that there’s a rise in instances of individuals being duped and extorted by brokers who acquire or cost unlawful charges from them.

The lawmakers added that some doubtful brokers even abscond after amassing cash from potential tenants leaving no traceable deal with.

Adebayo in his contribution mentioned, “Fraudulent and grasping brokers often cost exorbitant charges. They acquire charges like Company charge, Settlement charge, Warning charge (presupposed to be refunded), Authorized charge, Inspection charge amongst others. Some even request a registration charge. After they offer you what they name (TOTAL PACKAGE) for the lease you can be speechless.

“There’s the necessity for the state authorities via the ministry of lands, housing and bodily improvement and different skilled our bodies just like the Nigerian Establishment of Property Surveyors and Valuers and the Affiliation of Property Brokers in Nigeria to control and produce some sanity into the follow.

“All their expenses are fairly too excessive and exploitative. There needs to be methods of decreasing the actions of quacks within the follow. Potential tenants should additionally resist any try to make them pay exorbitant charges, or negotiate higher to keep away from shortchanging.

“Safety businesses ought to assist examine and produce some unscrupulous brokers and surveyors whose prison actions are able to bringing discomfort to the individuals to guide.”

Ogundoyin in his response mentioned, “Are you able to think about somebody getting lodging in Ibadan and the overall bundle is #900,000. When that is damaged down, the lease could also be about N500,000 whereas different expenses by the Property/Home Brokers might be N400,000. Nearly the identical quantity because the lease. That is actually exploitative and exorbitant.

“We urge the Oyo State Authorities via the State Ministry of Lands, Housing and Bodily Improvement, in addition to different skilled our bodies like Nigerian Establishment of Property Surveyors and Valuers (NIESV) and the Affiliation of Property Brokers in Nigeria (AEAN) to assist regulate the actions of Property Brokers
and Surveyors throughout the State.

“Let the skilled our bodies put equipment in place in the direction of addressing the excesses of Property Brokers and Surveyors within the State, and members of the general public and different stakeholders to go all out in opposition to quacks and pretend Property Brokers and Surveyors whose fraudulent actions and expenses are already giving the follow a foul identify”.

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