Sh*ckwave In Lagos Housing Sector As Government Enforces Strict LASRERA Compliance

The Lagos State Government has officially barred individuals and organizations from participating in real estate activities within the state without proper registration through the Lagos State Real Estate Regulatory Authority (LASRERA).

This directive was announced on Saturday by the Special Adviser to the Governor on Housing and Head of LASRERA, Barrister Barakat Odunuga-Bakare, during a press briefing held in Alausa, Ikeja. The announcement was also shared via the state government’s official account.

According to Odunuga-Bakare, no one is permitted to operate as a real estate agent, broker, or practitioner in Lagos without obtaining a valid registration certificate from LASRERA.

“Practicing real estate in Lagos without proper LASRERA registration—whether as an agent, realtor, or any other practitioner—is now an offence,” she emphasized.
“It is also illegal for anyone to conduct transactions with unregistered individuals or organizations,” she added.

As the regulatory authority, LASRERA is responsible for registering practitioners, monitoring industry activities, and addressing complaints from the public—all in a bid to protect Lagosians from fraudulent or irregular real estate dealings.

The government stressed that mandatory registration is vital for ensuring transparency, reducing scams, and boosting public trust in real estate transactions. LASRERA also collaborates with relevant bodies to enforce compliance and standardize operations across the sector.

Odunuga-Bakare further reminded practitioners that agency fees must stay within the approved 0 to 10 percent range. She warned agents against levying illegal charges and urged citizens to report any incidents of overcharging or malpractice directly to LASRERA.

Finally, residents were advised to always verify the registration status of real estate companies or agents before engaging in any property agreements to ensure safe and credible transactions.