Tips On Transacting Business With Genuine Real Estate Agents

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Company Registration And Official Website

Every genuine and qualified estate agent must be registered with the Corporate Affairs Commission. There must be a registered company/brand name with a verified company registration number. Do not preferably deal with individuals. All genuine real estate firms are happy to publish and provide you with their registration number at any given time.
Every genuine and qualified company must provide you with their official registration number upon request. You can verify the company Reg. Number by visiting the CAC office in Abuja or http://www.cac.gov.ng. All these must be done prior to payment.

Communication

ALL related communications must be conveyed through the company’s registered communication points. Ensure that your email communication is being conveyed through the company/brand name. Do not communicate/send and receive emails from any agent using a free email account such as yahoo, gmail, hotmail, etc. Insist on using his/her company email account.
Every genuine and qualified real estate firm must operate with an active official phone number (landline/table phone). You can verify this from their official website. Please, be wary of real estate agents operating with only mobile phones. There must be an office contact phone. Although there could be personal/private contact numbers between the workers but ensure you initiate first phone communication through the company office phone.

Standard Office

MOST fake agents do not have a qualified and conducive office. Ensure that you engage most of your related communications in the company’s office. Avoid meeting with an agent in a restaurant. Ensure that you are at the right office and not in a connived environment. Ensure that the office address you visited is the same as the address listed on their official website.
A genuine and qualified real estate agent does not incorporate or attach his career to a different profession. For example, some offices placed on the website or advertised in a magazine might finally turn out to be a shoe selling shop. Some could even be a legal office. However, some lawyers engage themselves in estate management because they have some specific services to render in estate transactions.

Document Verification And Authentication

YOU must hire a trusted lawyer to handle all your real estate documentations and verifications. Also, the lawyer can as well verify the legitimacy and authenticity of the real estate agency. There are some required documents to be ascertained and verified prior to payment. Although it might cost you some money hiring a lawyer, but prevention is better than cure.

Seller/Buyer Agreement

A genuine real estate agent must provide you with Buyer/Seller Agreement prior to any transaction. This is an official agreement between the agent and the Buyer/Seller. The commission, and other necessary information about the transaction must be outlined and agreed together by the parties involved prior to payment and concluding any transaction.

Payment

THE payment could be made into the agent’s or property owner’s bank account as agreed on the Buyer/Seller Deed. Of course, the agent’s account holder’s name must be his company/brand name. Please, insist that, at least, the commission be paid into the agent’s official company account. Fake agents hardly operate with company account. You can never lose your money while dealing with genuine agents and refund is guaranteed should anything go wrong in the transaction.

Courtesy Chuks Realtors Ltd, Abuja 
http://www.chuksrealtors.com

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