How to become a real estate agent in Lagos Nigeria – One of the frequently asked questions by visitors to this Lagos Nigeria real estate website relates to how to become a real estate agent.
This page has been created to answer that question.
Follow the simple steps below to become a successful real estate agent.
1. Find a respectable real estate company and signup as an intern (or trainee)
2. Join the Association of Property Investment And Commission Agents of Nigeria (APICON)
3. Attend APICON meetings (usually bi-monthly) to meet other real estate agents in your area and build your network of agents to work with to enable you easily satisfy customer requirements
4. Open an office where potential customers can reach you
5. Print your business card so you can easily share your business with potential clients and establish your brand
6. Register with LASRETRAD - The Lagos State Real Estate Transaction Department based in Lagos state secretariat ALausa, Lagos Nigeria (if you're a real estate agent based in Lagos state Nigeria
7. Liaise with property owners in your area to create your own portfolio of properties
8. Advertise the properties in your portfolio in offline property magazines. Also advertise Lagos properties in your portfolio using our low cost online real estate advertising platform
The above are the 8 simple steps on how to become a real estate agent in Nigeria.
Here's the truth.
There is money in Nigeria real estate business if you do it right. That is why thousands of people have jumped into the real estate business in Nigeria.
For example, a colleague sold a property for 25 million Naira in Ogba and collected a commission of 1.25 million Naira from that one transaction.
Another colleague sold a 5 bedroom duplex in Magodo Isheri Lagos Nigeria for 45 million Naira and collected 2.25 million Naira as commission from that one transaction.
Get the point?
Real estate is big business. And commission payouts can be staggering especially when you sell expensive houses like the kind of houses in Ikoyi Lagos Nigeria going for 500 million Naira or more per property.
So, if you're still thinking of how to become a real estate agent in Nigeria, this is the time to take action and get acquainted with the real estate business world by taking up an internship program with a solid real estate company.
Here's one important thing to know about becoming a real estate agent.
Many real estate businesses in Nigeria don't make enough money even though there is big money to be made from starting and running a real estate business.
In simple words . . . thousands of real estate agents are poor even though there is plenty of money to be made from real estate.
It boils down to the business strategy they adopt for their real estate business.
Wait. Is business failure peculiar to real estate agents?
Of course, not.
Over 70 percent of businesses fail within the first 1-5 years. And it doesn't matter what kind of business it is.
Why do new businesses have that high failure rate?
Simple reason . . . running a business is tough. Succeeding with a business requires some level of creativity, innovation, and the right business foundation that equips the individual with the right skill-set to succeed.
So, do you want to be a successful real estate agent?
Do you want to be the boss and start your very own real estate business?
Do not forget the following three key aspects of becoming an estate agent:
1. Register for internship program with a solid real estate company
2. Participate fully in what happens in the property company you choose to learn from. Take time to understand the real estate business model and what works in the Nigeria real estate transaction market and
3. Take advantage of our low cost online advertising program for real estate agents to promote properties in your portfolio