Question: How To Become A Real Estate Agent In Nigeria?

How do real estate agents make money in Nigeria?

How to make money as a Real Estate Agent in Nigeria

  1. Fix old houses.
  2. Bring real estate buyers.
  3. Short term rentals.
  4. Apartment rentals.
  5. Lease commercial real estate properties.
  6. Invest in land.
  7. Property management.
  8. Invest in vacation properties.

Do you need qualifications to be a real estate agent?

There are no formal qualifications required to be an estate agent, though experience of customer service or sales work is highly desirable.

How do I become a real estate agent in Lagos?

How To Become A Real Estate Agent In Nigeria: The 5 Steps

  1. Take the real estate sales training and learn how to sell real estate.
  2. Join a reliable real estate consultant network.
  3. Visit the properties owned by the real estate consultant network.

Is real estate profitable in Nigeria?

According to Reuters, “a successful real estate investment can earn returns as high as 30-35 percent, while rental income yields in cities such as Lagos and Abuja can easily reach 10 percent, developers and estate agents say.”

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How can I start my own real estate business with no money?

5 Ways to Begin Investing In Real Estate with Little or No Money

  1. Buy a home as a primary residence.
  2. Buy a duplex, and live in one unit while you rent out the other one.
  3. Create a Home Equity Line of Credit (HELOC) on your primary residence or another investment property.
  4. Ask the seller to pay your closing costs.

How do I start my own real estate business?

Take guidance from the following tips as you open the door to starting a real estate business:

  1. Think Through Professional Goals.
  2. Conduct In-Depth Research.
  3. Organize Your Finances.
  4. Craft Your Business Strategy.
  5. Form An LLC.
  6. Plan Your Marketing.
  7. Build A Website.
  8. Launch Campaigns.

Do estate agents get paid well?

According to figures from, UK residential estate agents make an average salary of £41,392, that’s much higher than the UK average salary. With years of experience under their belts, successful and experienced agents can earn anything between £50,000- £100,000.

What subjects are needed to become a real estate agent?

Requirements for a career in Real Estate:

  • Recommended High School Subjects: Subjects within Business, Commerce & Management Studies, and within Services.
  • Other requirements: 12-month internship, FETC Real Estate NQF Level 4, PDE exam, Intern Logbook (or an exemplifying qualification or degree )

How can I succeed in real estate in Nigeria?

Habits of trusted property agents in Nigeria

  1. Respond to leads in good time. As a real estate agent, responding to the leads is as important as getting them.
  2. Leverage on technology.
  3. Put videos online.
  4. Advertise online.
  5. The place of an assistant.
  6. Know your neighbourhoods.
  7. Don’t ignore social media.
  8. Listen to your client.
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How do real estate agents succeed?

10 Tips To Help You Become More Successful As A Real Estate Agent

  1. Enhance Your Knowledge Of The Market.
  2. Don’t Conform To Negative Stereotypes About Real Estate Agents.
  3. Team Up With Other Real Estate Agents.
  4. Find A Mentor.
  5. Leverage The Reputation Of Your Brokerage Firm.
  6. Use Technology To Streamline Your Business Practices.

How do I become a real agent?

Failure to disclose any criminal violation or disciplinary action may also result in the denial of a license.

  1. Complete 135 hours of Pre-Licensing education.
  2. Pass the course final exam.
  3. Pass the California salesperson licensing exam.
  4. Choose a sponsoring broker.
  5. Complete your licensing application.

How can I buy a house with no money in Nigeria?

How to Invest In Real Estate in Nigeria With No Money

  1. Invest Without a Down Payment. Search for seller financing.
  2. Lease the Property with an Option to Buy.
  3. Work out a Trade.
  4. Take Over Home Loan Repayments.
  5. Borrow Money from Friends.
  6. 10 Universities Offering Full Scholarships to Undergraduate International Students.

What is the best investment in Nigeria?

List of the Best Investment Opportunities in Nigeria

  • Bank Investments.
  • Cryptocurrency and blockchain investments.
  • Real Estate Investments.
  • Agriculture and Livestock Investment.
  • Bonds and Stocks Investments.

How much does it cost to build an estate in Nigeria?

In Nigeria, a plot which can house a 3-5 bedroom flat can go for as low as ₦350,000 to as high as ₦50 million depending on the factors we earlier said. Lands in the northern part of the country are very cheaper than the south as you can get a house land as low as ₦100,000 in Gombe state.

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