Should You Buy Land or a Finished Home in Lagos? (Diaspora Edition)
Laide Matthews · 20 April 2026 · 4 min read
Last reviewed: 29 September 2026
TL;DR: Before paying any Lagos estate agent, verify their LASRERA registration, confirm a physical office and traceable identity, check their listing history, and — most importantly — verify their specific mandate from the landlord for the property in question. A legitimate agent welcomes verification; a fraudster resists it.
Lagos has thousands of estate agents. Some are excellent professionals. Some are WhatsApp numbers with a Canva logo. And a meaningful number are outright fraudsters. Since you'll likely pay an agent 10% of your annual rent, verifying them isn't rude — it's due diligence.
I work with agents across Lagos daily, good and bad. Here's how to tell them apart before your money is involved.
1. LASRERA registration. Lagos State Real Estate Regulatory Authority registers estate agents. Ask for it. Registration isn't a guarantee of quality, but its absence in 2026 is a statement.
2. Physical office. Visit it. A real office with staff, signage and working phone lines is worth more than a thousand Instagram posts. Agents who operate purely from WhatsApp and Instagram can vanish with your money and reappear under a new name tomorrow.
3. Traceable identity. Full name, business name, CAC registration where applicable, consistent phone numbers. Google the number — fraudsters' numbers often surface in scam warnings. Check how long they've operated under the same identity.
4. Listing history. Established agents have a trail — portal listings, social media history, client testimonials that reference real transactions. A brand-new profile with luxury listings and no history is a costume.
5. The mandate test. This is the big one. Ask: "Can you show me the landlord's authority for you to let this property?" A genuine agent produces a mandate letter, management agreement, or direct landlord contact. Evasion here is disqualifying, full stop.
6. Professional behaviour. Legitimate agents welcome your lawyer, encourage inspection, answer detailed questions, and don't pressure you. Fraudsters rush you, resist scrutiny, and get defensive about verification. Behaviour is data.
Any one of these is enough to walk away. There are other flats and other agents.
For balance: a good Lagos agent earns their 10%. They know the streets, have relationships with landlords and caretakers, negotiate on your behalf, handle the paperwork properly, and remain reachable after you've paid. The best agents I know turn down shady listings — their reputation is their business. Find those agents, pay them gladly, and keep their numbers.
Before engaging any agent, ask these five questions and watch the reactions: "What's your LASRERA registration number?" "Can I visit your office?" "Show me your mandate from this landlord." "Why is this price below/above the area average?" "Can I bring my lawyer to the documentation stage?" A professional answers all five without blinking — they've heard them before from serious clients. Evasion, irritation or vague promises on any of them tells you what you need to know. This isn't rudeness; it's the same due diligence you'd expect from anyone handling your money. The agents worth paying respect clients who verify. The ones who don't respect it were never worth paying.
How do I check if an estate agent is registered in Lagos? Ask for their LASRERA registration details. You can also check their physical office, CAC business registration, and professional history as complementary verification.
Is it normal for Lagos agents to charge 10%? Yes — 10% of annual rent is the standard agency fee for rentals. For sales, commissions are typically 5-10%. Anything far outside these ranges deserves questions.
Should I pay an agent before seeing a property? No. Inspection first, always. Reasonable logistics fees for confirmed viewings exist, but significant upfront payments before viewing are a major red flag.
What if the agent says the landlord is abroad or unavailable? Common and often legitimate — but then the agent must produce documented authority (power of attorney, management agreement) to act for the landlord. "Trust me" is not documentation.
Can I report a fraudulent agent in Lagos? Yes — to the police, and to LASRERA for registered agents. Document everything: chats, transfers, receipts. Reports protect the next victim too.
How do I find a trustworthy agent in Lagos? Referrals from people who've completed transactions, agents with verifiable offices and histories, and platforms that verify their listings. Then still verify the specific mandate. Trust, but verify — every time.
About the author
Laide MatthewsLagos Real Estate Consultant
Laide Matthews is a Lagos real estate consultant with a degree in Estate Management from Obafemi Awolowo University and experience across property sales, acquisition, leasing, management and advisory since 2019. Through BuyRentLagos, he writes about the questions that shape better property decisions in Lagos.
View Author Profile →Related stories
Laide Matthews · 20 April 2026 · 4 min read
Laide Matthews · 19 April 2026 · 4 min read
Laide Matthews · 18 April 2026 · 4 min read
The Dispatch
Market notes, neighbourhood research and selected opportunities. No noise.