How to find real estate Agent, Realtor or Broker in Nigeria.

example of an Agent flyer

Real estate realtors, agents, brokers in Nigeria is growing in large number but only few are trustworthy and has a good reputation to do business with. You all know the type of country we live in. Even those things you see that are real in the actual sense are not even real.

Real estate investment in Nigeria is turning into a gold mine and many people are cuing to exploit the business in Nigeria, many have heard about real estate business without knowing how to start, tips to find a good property to invest or the right person to deal business with and some strategies of doing the business. in the blog post we will be helping you guys from the store of our experience in real estate for years on how to find a real estate agent, realtor or broker in Nigeria.

 Real estate realtors, agents and brokers business.

Honestly speaking brokers, realtors, agents delivers the same almost type of service under normal circumstance to their prospective clients. but who and the manner in which the work is delivered is the difference. Now let's throw light on the meaning of real estate and the difference between agents, broker and realtors. let's start with agents because that the people we are more familiar with.

 An agent in the real estate business can be a casual man who has enough experience in the business of real estate for years of practice. helping clients to buy, rent or sell real estate properties, at least for the past five years. such a person can be well known and have many testimonials attached to his portfolio as real estate agent in one locality.

A real estate Broker is a well qualified person who studied real estate management or any real estate related courses in the college or university, often has little years of experience and sometimes working independently. real estate brokerage require quality knowledge of real estate business in reading financial planners of contract documentations, analyzing sells, and probability of profit margin in the business. often a broker has some agents working under them, so a broker is likely to delivery a quality service than an agent.

A real estate Realtor is often called sales representative in a firm or an organizations of real estate. helping the company to advertise the property for sell or checking out of property to buy. although some realtors do work independently. Realtor are always law abiding business person and has a legal jurisdiction, they know the business of real estate as a result of their educational qualifications or years of experience in a company.

Real estate business in Nigeria.

Before we take you on the journey of how to find a real estate agent, realtor or broker in Nigeria, i will like to deem it necessary for us to know more about the real estate business in Nigeria and the mode of operation. 

Real estate is the profession of buying  and selling or rental real estate (housing, buildings, lands e.t.c), okay let's break it down. when you buy lands and resell; that's real estate business. once you see people building houses to resell to other people in order to make income; they're into real estate business. when tenants pay rents to landlords, those Landlords are into real estate and tenants are the customers in the business and professionals call them clients.

Finding reliable real estate brokerage company or certified individuals to partner in the real estate business with is another headache if you haven't been in the field or have some friends in the field.

Getting the best realtors, agents or brokers is the best step of success in the business of real estate, but how to get them in Nigeria is another different stress, unlike stock marketing, mutual funds and cryptocurrency dealers always have mentors or traders to help enhance their winning potentials. that's how you need a realtor, agent or broker to help you make the best possible profit in the business.

Services of real estate agents, brokers or realtors to clients.

For the sake of confusion of our readers we will classify realtors, agents and brokers services in summary. they're almost the same but slight difference as we explained above. they can perform each other work most times, especially in Nigeria where doctors work in Bank and Engineers work in the clinic.

Below are some reason why you might need a real estate agents in your business.

1. They help buyers locate the best property in the market for that season.
2. They help sellers get the best buyer for their property. 
3. They help their clients in Appraisal of real estate property
4. They fasten the renting outlet of housing properties to customers.
5. They assist in leasing a property out 
6. They often act as a caretaker to properties more especially when their clients are in diaspora. e.t.c

Directly or indirectly anyone in the business of real estate as a developer, investor, land bankers do need a real estate agent, broker or realtor close by. as banking is to accountants so is real estate to agents.

 

How to find the right real estate agent, broker or realtor in Nigeria.

They are many reasons and hints to know you're dealing with the wrong agent, most agents lure their clients into the wrong deal as if they have sugar in their mouth. high level of sweet tongue and little sense is one of the basic tips to discover the wrong agent. because they often present a property that doesn't exist and sweet mouth you to believe in the deal proposal work-ability or make you to pay without seeing the property in the business proposal.

To detect the wrong agent, watch the way they talk, most of them talk too much because they don't know what they're talking about. yes, some agents has low educational qualifications and most people don't have any educational qualification at all. so beware of any agent that talks to too much with little sense of what they're talking about.

It's always advisable to work with a registered realtor or broker, presently a staff of a firm or an independent person. it's always too way better partnering with registered body than picking any road side agent to work with in the name of "i sabi am as most of them usually say" please don't misunderstand me, the qualified ones can still dupe you of your hard earned money or make you lose much income but it's easier to trace the person's background and destination because government is with the data and most time afraid to lose their good reputations.

Don't work quack agents. most times you see people with the qualifications and eligibility but they don't own any real estate investment. they have been doing the business for years. they never cared to invest or tried buying any real estate property in their name. they're fake because the content of their advise and ideas is equal to none. wrong knowledge is the worst form of learning in the history of human kind. people preach what they haven't practiced or tried doing for once. for me such a person is not worthy to be my business partner. work with like minds. no matter how small they property might be, an agent that claims to be good should have a real estate property registered in his name. 

Just as dogs eat anything when ever their hungry so are some hungry agents steal from your dividends when you're in a business deal with them. a hungry person can turn a criminal over night, even when the person hasn't tried stealing a pin since childhood, but poverty is disease. so we advise to stop working with hungry agents. mind you, the type of hungry we meant is not physical hungry of not eating for some days but we're talking about financial hungry here. financial hungry is when the assets column is empty but the liability column is twice as tall. watch those people closely when they bring deal no matter how they sweet mouth or how good they claim to be. but they's just not the right person

Another way to detect the wrong agent for your deal or the already negotiating deal is their low profile connections/information. remember we live in information era and information is power. any good agent should have great connection, to give you multiple options of property to sell and also to buy and their location, including the contact of the owners of the any prospective property they're showing, those information makes the agent legit and well trained in the business. on the other hand some people are not agent, they have information they received from a friend, the owner or neighbor that is an agent, they will use the medium to act a second person middle man by referring somebody to the property instead of referring to the right agent, they will like to accomplish the task on their own with their zero skills and knowledge. sometimes they don't know the actual owner of the real estate property they intend to sale. just because they heard and never had time to verify because that's not their work. greedy and poverty will provide them another brand new job of making 5% of agent fee. the funny aspect is that most time those set of people once their first deal is successful. they might quit job to start real estate agent as full time job because of how cool the income they made and low stress involve and forgetting it's not always working that way. 

Lastly another way to discover the wrong agent or to notice you're working with wrong agent is the agent years of experience. just as we  explained above, whether educated or not, some people after acting as a 4th middle man in selling a piece of land and after getting some percentage. next thing is to quit their job and turn to full time agent in their locality. such people has no experience and their service is not reliable for professionals and most times irrelevant.

In conclusion, we live in the information era and the quality of information we have matters a lot and goes a long way in our progress in business, make sure you're with the right business partners because the right information comes with the right person. when you're not informed, you will be deformed and might not perform. positive people yield positive results. so before going into real estate business calm yourself down and search for the right partners to make real estate transactions with, no matter how small the deal might be.

Gracias por leer.