In a decisive move to sanitize the real estate sector and protect investors, the Lagos State Government has declared that all real estate practitioners operating within the state must be duly registered with the Lagos State Real Estate Regulatory Authority (LASRERA).
Any individual or organization carrying out real estate business without this registration is now considered to be acting illegally.This announcement came through a public notice issued by LASRERA on Friday, June 28, 2025, reaffirming the state’s commitment to curbing fraudulent activities, unregulated operations, and professional misconduct in the sector.
According to the agency, compliance with LASRERA registration is not optional. All real estate developers, brokers, agents, and professionals are expected to align with the Lagos State Real Estate Regulatory Law of 2021, which empowers the authority to oversee, regulate, and license activities within the property industry.
We are committed to building trust and transparency in Lagos real estate,” the notice emphasized. “Practicing without proper registration with LASRERA is not only unethical but now deemed illegal.”
Why LASRERA Registration Matters
LASRERA was established to standardize real estate transactions and restore public confidence in the housing sector. Over the years, the industry has been plagued by land scams, dubious agents, and untraceable developers, leading to financial losses and litigation headaches for prospective property buyers and tenants.
With LASRERA’s regulatory framework, stakeholders and clients can now verify agents and firms through a centralized database, helping eliminate shady dealings and promoting investor confidence.
What This Means for Real Estate Stakeholders
This directive marks a turning point for real estate operations in Lagos. Professionals who have not yet registered with LASRERA are advised to begin the process immediately to avoid legal penalties, fines, or potential business closure.For investors and buyers, this is a welcomed development. It provides an added layer of safety and ensures that property dealings are conducted through verified, law-abiding practitioners.
Steps to Compliance
1. Visit LASRERA’s official website: www.lasrera.lagosstate.gov.ng
2. Register as an individual or corporate body
3. Upload necessary documents and pay applicable fees
4. Await verification and licensing confirmation
Final Note
At Propertyplus Magazine, we applaud this move by the Lagos State Government as a strategic step toward a more accountable, credible, and investor-friendly real estate ecosystem. We urge all stakeholders to comply promptly and encourage the public to always verify agents and developers before transacting.
For ongoing updates and industry insights, stay connected to Propertyplus Magazine — your trusted source for real estate news in Nigeria.
