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A Structured Licensing Ecosystem for Nigeria’s Real Estate Industry
Problem: Nigeria’s real estate sector lacks structure, with unregulated agents and brokers causing fraud, confusion, and poor service for renters and buyers.
Solution: A platform and framework that introduces a tiered licensing system for agents and brokers, enforcing education and regulation to professionalize the industry and protect consumers.
How It Works:
- Agents complete a 70-hour pre-licensing course, pass an exam, and work under a broker.
- Agents renew licenses biennially with 10 hours of continuing education.
- Brokers qualify after 2 years as agents, complete a 50-hour course, and pass a broker exam to run agencies.
- Digital hub tracks licenses, education, and connects certified pros with clients.
- Public database lists licensed agents/brokers with ratings for transparency.
Who It’s For: Aspiring real estate pros seeking legitimacy, renters and buyers tired of unregulated agents.
Why It’s Cool: It could cut shady deals by 50% and elevate service quality with trained, licensed professionals.
Execution Hint: Launch in Lagos or Abuja—ideal for Nigeria’s market, needing heavy collaboration with regulators due to licensing.
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