Ebonyi Assembly Passes Bill Regulating Scrap Trade, Rents, Agent Fees - Properties - Nairaland
Nairaland Forum › Nairaland General › Properties › Ebonyi Assembly Passes Bill Regulating Scrap Trade, Rents, Agent Fees (7263 Views)
| Ebonyi Assembly Passes Bill Regulating Scrap Trade, Rents, Agent Fees by adenigga(op): 8:24pm On Aug 12 |
[ b]Ebonyi Assembly passes bill regulating scrap trade, rents, agent feeshttps://www.vanguardngr.com/2026/08/ebonyi-assembly-passes-bill-regulating-scrap-trade-rents-agent-fees
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| Re: Ebonyi Assembly Passes Bill Regulating Scrap Trade, Rents, Agent Fees by Namaster: 8:27pm On Aug 12 |
"It further limits agents’ fees to not more than two per cent of the gross sum of a property transaction." WONDERFUL! EVERY state should pass a similar law. Agents have become BANDITS. Therefore, laws like this have become NECESSARY. |
| Re: Ebonyi Assembly Passes Bill Regulating Scrap Trade, Rents, Agent Fees by Ofunaofu: 6:33am On Aug 13 |
"It further limits agents’ fees to not more than two per cent of the gross sum of a property transaction." This is the best of it all |
| Re: Ebonyi Assembly Passes Bill Regulating Scrap Trade, Rents, Agent Fees by Rayjay45: 6:34am On Aug 13 |
So the mumu state lawmakers cannot outrightly scrap the fraudulent yeye agent fees? This is a time Ebonyi State indigenes are finding it hard to eat well, let alone pay ridiculous fees in the name of renting an apartment. |
| Re: Ebonyi Assembly Passes Bill Regulating Scrap Trade, Rents, Agent Fees by Dynamicboss: 6:34am On Aug 13 |
Watch how those wicked agents will turn to coded armed robbers if implemented in Lagos. Imagine the below fee to rent a room self oo Rent - N1.5m ( 2 years required) Caution - N750,000 Agent - N900,000 Legal - N500,000 Service charge - N400,000 Wetin I Dey talk sef. House owners, developers and agents are crazy bandits ![]() |
| Re: Ebonyi Assembly Passes Bill Regulating Scrap Trade, Rents, Agent Fees by flexyrule(m): 6:35am On Aug 13 |
Wow. Highly commendable! |
| Re: Ebonyi Assembly Passes Bill Regulating Scrap Trade, Rents, Agent Fees by IamAtAnger: 6:35am On Aug 13 |
If them try am for Lagos here, many miscreants go go back village ![]() |
| Re: Ebonyi Assembly Passes Bill Regulating Scrap Trade, Rents, Agent Fees by greatiyk4u(m): 6:36am On Aug 13 |
This is very timely and necessary This is a good step by Ebonyi Assembly. Regulating scrap trade will curb vandalism, while capping agent fees and standardizing rent protects tenants. Now we need proper enforcement so it doesn’t just remain on paper. Well done. |
| Re: Ebonyi Assembly Passes Bill Regulating Scrap Trade, Rents, Agent Fees by ssogundele2003: 6:38am On Aug 13 |
Enforcement is the bae! Hope the enforcement agents got teeth to bite those lawless rogues (landlord and agents)? |
| Re: Ebonyi Assembly Passes Bill Regulating Scrap Trade, Rents, Agent Fees by Safola45: 6:38am On Aug 13 |
Let every state in Nigeria follow ASAP |
| Re: Ebonyi Assembly Passes Bill Regulating Scrap Trade, Rents, Agent Fees by MMempire(m): 6:38am On Aug 13 |
Very good law to be passed. |
| Re: Ebonyi Assembly Passes Bill Regulating Scrap Trade, Rents, Agent Fees by ACRI: 6:39am On Aug 13 |
This is a serious sub national government that cares about the citizens of the state This is part of our gospel to Nigerians, as they propagate the gospel of our Lord Jesus Christ, let us also hold the leaders accountable: Governors National Assembly members House of Assembly members LGA Chairmen Councilors They are the harbinger of Nigeria's development !!!! Let all state of the Federation follow suit and pass similar laws immediately These bandits called agents must go learn a skill |
| Re: Ebonyi Assembly Passes Bill Regulating Scrap Trade, Rents, Agent Fees by manuelkel(m): 6:43am On Aug 13 |
ACRI:No mind that governor forget all these audio stuffs. The man na werey, na him brothers dey do all those things pass. ![]() |
| Re: Ebonyi Assembly Passes Bill Regulating Scrap Trade, Rents, Agent Fees by Lexicon123: 6:47am On Aug 13 |
Generally okay. But how does the government really regulate rentals considering the many variables involved (e.g. locations, costs which vary by individuals, locations and quality of materials used, general inflation, costs of borrowing, demand and supply, etc)? |
| Re: Ebonyi Assembly Passes Bill Regulating Scrap Trade, Rents, Agent Fees by Nwaikpe: 6:56am On Aug 13 |
Rayjay45:Do you guys even think before you write? |
| Re: Ebonyi Assembly Passes Bill Regulating Scrap Trade, Rents, Agent Fees by Tinubuagbado: 7:01am On Aug 13 |
Rayjay45:Lagosians are very hungry this season, courtesy of your messiah Amoda Sangodele. Are you better than Ebonyi people?, who Atleast can cultivate their own food crops. We know you belong to those who exploit tenants, can't you see you're one of the economic bandits? We hail Ebonyi state for this landmark law passed to protect the citizens. |
| Re: Ebonyi Assembly Passes Bill Regulating Scrap Trade, Rents, Agent Fees by kwaso2(m): 7:03am On Aug 13 |
I think Ebonyi state government should also regulate sales or cost of core building materials like Sand, cement and rods.... Nigeria is a capitalist economy. If this regulation is not balanced, implementation will almost be impossible. Government should also initiate massive low housing across sub cities where they can lead by example thereby crashing the demand and cost for housing Can all housing agents in the state be registered and licensed FOR FREE? This will help coordination and accountability |
| Re: Ebonyi Assembly Passes Bill Regulating Scrap Trade, Rents, Agent Fees by Julibet: 7:08am On Aug 13 |
As far as the private sector still owns 90% of real estate, this solution would be short lived. Government should invest more in housing. |
| Re: Ebonyi Assembly Passes Bill Regulating Scrap Trade, Rents, Agent Fees by InvertedHammer: 7:14am On Aug 13 |
/ Agents and legal fees are rubbish. Landlords should pay lawyers to protect their properties. No tenant should be paying any legal fees. But then, everything is always upside down in Nigeria and prone to gross abuse. / |
| Re: Ebonyi Assembly Passes Bill Regulating Scrap Trade, Rents, Agent Fees by alanto: 7:15am On Aug 13 |
Rayjay45:Agents have families to feed too. Only thing is they are beginning to see the work as Yahoo. If you scrap agent fees, there'll be no more estate agents. |
| Re: Ebonyi Assembly Passes Bill Regulating Scrap Trade, Rents, Agent Fees by Ibehchizzy: 7:19am On Aug 13 |
Las las na man dey do Mann |
| Re: Ebonyi Assembly Passes Bill Regulating Scrap Trade, Rents, Agent Fees by dettolgel: 7:20am On Aug 13 |
This is long overdue, I am glad state government have started looking into it. However, I can see a loop hole those callous agents can exploit. They might say ooh agency fee 2% of the total rent, then they hammer you with lawyer fee, agreement fee etc until they extort as much as possible. I hope the law clearly state that those other fees are illegal and should not be collected by agents |
| Re: Ebonyi Assembly Passes Bill Regulating Scrap Trade, Rents, Agent Fees by Jakarta: 7:23am On Aug 13 |
Delta State where art thou? Please follow suit. |
| Re: Ebonyi Assembly Passes Bill Regulating Scrap Trade, Rents, Agent Fees by ogolemati: 7:25am On Aug 13 |
agents are unlegalised criminals without gun. If not that they don't have certificates, they would have been in the police force
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| Re: Ebonyi Assembly Passes Bill Regulating Scrap Trade, Rents, Agent Fees by Blunt99: 7:26am On Aug 13 |
Dynamicboss:Even person wey get house go dey collect agent fees on top when you are renting directly. |
| Re: Ebonyi Assembly Passes Bill Regulating Scrap Trade, Rents, Agent Fees by Osgilliat(m): 7:30am On Aug 13 |
State governors should look for real estate foreign investors who builds low budget high rise apartments homes. That’s the only way to tackle this menace of housing in nigeria. There is housing shortage that’s why the price keep increasing. Although this bill really make sense.. at least it will stop those agents but what about landlords? |
| Re: Ebonyi Assembly Passes Bill Regulating Scrap Trade, Rents, Agent Fees by simplynola(m): 7:33am On Aug 13*. Modified: 7:56am On Aug 13 |
This is a brainless law and can't stand the test of time. All over the world, standard practice for agency fee is not less than 5%. Putting it at ridiculously low 2% will cause increase in rents and you can't have control over the cost the landlords decide to put their house because the market is autonomous and they work with prices of goods and services, in short inflation. You clamor for increase in minimum wage for workers to 1m naira per month even as law makers in the assembly wasting tax payers fund and you want agents to go home with paltry 2% shows that you should be ready for aviator kind of rent increment to complement. its better to regulate them to their standard fees and not more or less the better |
| Re: Ebonyi Assembly Passes Bill Regulating Scrap Trade, Rents, Agent Fees by edogu(m): 7:40am On Aug 13 |
The major thing driving price is demand. The government should build more houses and reduce the tenement rate charged on landlords. Ironically, the governor's brothers are incharge of the private agencies collecting the rates ![]() |
| Re: Ebonyi Assembly Passes Bill Regulating Scrap Trade, Rents, Agent Fees by Omalicious1: 7:41am On Aug 13 |
adenigga:Nice move, I would suggest that state governments start building houses on a hire purchase level. |
| Re: Ebonyi Assembly Passes Bill Regulating Scrap Trade, Rents, Agent Fees by cedricksly: 7:41am On Aug 13 |
Rayjay45:man wey work suppose chop.. That 2% is a rather fair fee.. It means if gross house rent na 1.2million agent fee go be 24k, in my opinion that is fair |
| Re: Ebonyi Assembly Passes Bill Regulating Scrap Trade, Rents, Agent Fees by ginggerxy: 7:49am On Aug 13 |
Rayjay45:Agent is also a legitmate hustle as many people make their own money through the hustle and regulating it is the best way to go |
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