Concerned about fraudulent practices in the real estate sector, the Chief Executive Officer, Luminous Hills Investment Limited, Oluwatosin Aleriwa, has enjoined the government to fashion out policies that would regulate the sector.
Aleriwa, who gave the charge at the second edition of Grow, Evolve, Thrive (GET), a realtor’s conference with the theme ‘Seeing your sales from start to finish’.
He said: “We need policies and proper vetting, so that when we want to launch our estates, we will be given quick approval for the designs and buildings.”
He also pleaded with the government to make processes of documentation easier. “I would like to plead with the Lagos State and federal government to ensure that the time in processing documents is reduced,” Aleriwa pleaded.
Speakers at the conference included, marketing expert, Tricia Olumide, known as Triciabiz; a property lawyer, Oluwadamilola Folashade, Dr. Funke Kehinde and Peter Twinnet.
Speaking on the importance of the programme, the company’s Chief Operating Officer (COO), Korede Ayeni, said the firm tutors young realtors on how to grow and expand the real estate sector.
His words: “Businesses should not only be focused on making money, realtors should also invest in the growth of their partners, probably more than the staff of the company. The company should also invest in training and improving individuals in their various spheres of businesses.”
He, therefore, encouraged the young realtors never to relent in their quest to improve their income.
Olumide said the conference is helping young individuals increase their income and capacity level, as there are many opportunities for people to make money.
“This type of training sessions expose them to different strategies and ideas, and help people improve their earning capacity.”
Lamenting on the challenges affecting realtors, she said building trust is difficult due to the fraudulent practices in the past.
She added that due to the inflation in the country, people are not interested in buying properties.
