THE FIRM HAS PETITIONED THE GOVERNMENT TO REGULATE THE REAL ESTATE BUSINESS.
Concerned about fraudulent practices in the real estate
market, Oluwatosin Aleriwa, Chief Executive Officer of Luminous Hills Investment Limited, has urged the government to develop regulations to 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 the 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.
Marketing specialist Tricia Olumide, often known as Triciabiz, spoke at the conference, as did property lawyer Oluwadamilola Folashade, Dr. Funke Kehinde, and Peter Twinnet. Korede Ayeni, the company's Chief Operating Officer (COO), stated that the program teaches new realtors how to establish and expand the real estate
market. "Businesses should not only focus on making money; realtors should also invest in the growth of their partners, probably more than the company's staff." The organization should also engage in training and development of employees in their various business areas." As a result, he urged the young realtors to persevere in their efforts to increase their earnings.
According to Olumide, the conference is assisting young people in increasing their income and capacity level because there are numerous options for people to make money
. “This type of training sessions expose them to different strategies and ideas, and help people improve their earning capacity.” She lamented the difficulties that realtors face, saying that developing trust is tough owing to unscrupulous tactics in the past. People are not interested in buying properties, she says, because of the country's inflation.