Real Estate Management Well, the choice is ultimately yours to make.
Their main involvements include either renting these properties out, or selling them or both.
This comes in the for of you buying a piece of land and selling that same piece of lands at a higher rate to make profit. So for an estate agent, the commission he will pocket for selling the Ikoyi plot of land will be more than the commission he will receive for helping to sell the Akowonjo plot of land.
Similarly, an agent will make more in sale when it comes to selling lands located in commercial areas than those located in non-commercial areas in the country.
Although, there may be some kind of exceptions in some areas. This all depend on the area where the land is. In my experience with real estate business in Nigeria and all around the world, residential property real estate business always deliver the most stable income; both for property business owner real estate agent and real estate investor.
Simple because no matter what the economy situation of the country recession or no recessionpeople always need a place to live. Not only does this type of real estate business deliver a stable income, but it is also the most popular type of real estate business in Nigeria.
As a matter of fact, we have more real estate agents in Nigeria dealing with residential property letting than any other type of property business. Although, we do have some unregistered estate agents in Nigeria parading themselves in this sector like any other sectors in the country.
My advice is for individual looking to transact business to check thorough the license of such estate agent before doing business with them. By and large, this is the most profitable property investment type of all time; either for estate estate agents or investors.
This is simple because, one deal done will cover for any period of the property being dormant. Office Property; Retail Property; and Industrial Property The only disadvantage in commercial property to estate agent is that the property may be empty for months.
Get the necessary government license required As mentioned above, there are some unlicensed agents in the industry. For you to run a successful real estate agency business in the country, you will need to get the appropriate licenses for the business you are conducting.
This gives you an edge over unlicensed estate agents. Knowledge is power, educate yourself on Real Estate Business Although, in Nigeria, you need not to have any form of formal education to be an estate agent; but there are real estate institutions dedicated to training individuals willing to learn the trade.
Until now, many people or organizations interested in this sector get their training from post-secondary institution; that is to say, from tertiary institutions across the country.
They either get the qualification in quantity surveying or estate management degree. This has been the norm in the Nigeria real estate sector. At the present time, things have changed.
You can get trained to run a successful real estate business by taking various course on the subject matter.
In fact, you can even register with any of the accredited property training institutions in the country. Real Estate Training Courses in Nigeria You can get trained in any of the property management training below.Primewaterview Limited (PWV) has emerged as a major property developments in the luxury property development business of the Nigerian real estate rutadeltambor.com company is focused on developing residential property to a select clientele with an initial focus on highbrow areas in Nigeria’s densely populated Lagos State particularly Ikoyi, Victoria Island and the rapidly developing LLekki Peninsula.
Business Description of Real Estate Agency Business Plan in Nigeria.
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