By Aderogba George
The Real Estate Marketers and Consultants Association of Nigeria (REMCAN) says it will partner with government to regulate excessive pricing of houses and other property in the real estate sector.
Mr Nnamani Collins, National President of REMCAN, announced this at a news briefing to unveil the organisation on Friday in Abuja.
He said that REMCAN was out to pursue the balancing of prices of property in the housing sector.
The national president said the association had set up a team that would be going out to sensitise Nigerians about REMCAN’s goals and also sensitise people online.
Collins said that many Nigerians misunderstood real estate and that REMCAN would help government to balance information regarding housing issues in Nigeria.
“Too many things are making housing issue cumbersome in Nigeria; we are coming to help government to pass the right information to the public; we will be talking to the public to deal with only REMCAN members.
“The Nigerian real estate industry has witnessed tremendous growth over the years; but it has also faced significant challenges; lack of clear guidance for realtors, agents, brokers and marketers.
“We have seen cases of unethical practices, disputes over commissions, and a general mistrust between real estate practitioners and the public.’’
Collins said that marketing professionals who were the backbone of real estate transactions often struggled to receive their rightful commission after closing deals.
He said there was also growing concern about excessive commissions and unguided practices that eroded public trust.
“REMCAN has been established to address these challenges head-on; our mission is to create a professional, ethical and transparent real estate marketing environment in Nigeria, where everyone’s interest is protected
“We aim to unite practitioners, bring together real estate marketers, consultants, agents and brokers under one umbrella.”
He said the association would ensure fairness and guarantee that every professionals who closed a deal received their due commission.
Collins said that the association would also promote ethical standards and establish a clear code of conduct to protect clients and practitioners alike.
The national president said REMCAN would collaborate with government by working closely with policy makers to streamline and implement policies that would foster growth and trust in the sector.
“REMCAN is not just an association, but a movement built for all Nigerians with inclusivity and collaboration,’’ he said.
According to him, with synergy in the industry, everyone stands to benefit.
Collins called on real estate practitioners to cooperate with the association to build a transparent and thriving industry.
He also advised members of the public to always look out for members of REMCAN before engaging in real estate business.
NEWS AGENCY OF NIGERIA