Lagos State Real Estate Transaction Department is the main regulatory authority in Lagos

State on Real Estate Transactions.

This dedicated department was created by the state Government of Lagos State with the aim to regulate Real Estate agents working in the state. It was established on 22nd June, 2012 by erstwhile Governor of Lagos State, Mr. Babatunde Raji Fashola (SAN) and the entire Lagos State Executive Council strongly supported the establishment of this regulatory body.


The purpose of LASRETRAD can be narrowed down to five (5) specifics. These are maintaining market confidence, ensuring the protection and enhancement of the stability of Lagos State Real Estate Market, securing certain level of protection for property seekers, make property transaction process extremely transparent and total eradication of quackery in Real Estate industry of the state with an attempt to eliminate any type of property frauds.