Real Estate Security is Key. Surveying and Allocation of Plots. Certificate of Occupancy C of O. Gazette, Excision of Properties. Real Estate Nigeria Influencer Coach Spark Ovadje.

1. COACH SPARK OVADJE (CSO)
COACH SPARK OVADJE (CSO)
(NREC, DPENG, AIDPM, DPMT)
(NREC, DPENG, AIDPM, DPMT)
TOP NATIONAL REAL ESTATE COACH, NIGERIA
TOP NATIONAL REAL ESTATE COACH, NIGERIA

2. COACH SPARK OVADJE (CSO)
COACH SPARK OVADJE (CSO)
(NREC, DPENG, AIDPM, DPMT)
(NREC, DPENG, AIDPM, DPMT)
TOP NATIONAL REAL ESTATE COACH, NIGERIA
TOP NATIONAL REAL ESTATE COACH, NIGERIA
LAND TITLES &
DOCUMENTATION IN
NIGERIA AND LAND
BANKING
LAND TITLES &
DOCUMENTATION IN
NIGERIA AND LAND
BANKING

3. 
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This outline of this session-
What is Real Estate?
A Real Estate Consultant, A Realtor,
and Agent etc.
Land Banking.
Docu-Land (Land Documentation and
Titles).

4. TABLE OF CONTENT
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Survey
Layout
Contract of Sale
Deed of Sublease
Deed of Conveyance
Deed of Assignment
Excision
Gazette
Certificate of Occupancy
Global Certificate of Occupancy
Governor’s Consent
Regularization
Ratification

5. WHAT IS REAL ESTATE?
WHAT IS REAL ESTATE?
Real estate is "property consisting of land and the
buildings on it, along with its natural resources such as
crops, minerals or water; immovable property of this
nature; an interest vested in this (also) an item of real
property, (more generally) buildings or housing in
general. Also: the business of real estate; the
profession of buying, selling, or renting land, buildings,
or housing. It is a legal term used in jurisdictions
whose legal system is derived from English common
law

6. TYPES OF REAL ESTATE
Residential Real Estate includes new construction and resale homes. The most
common category is single family homes. There are also condominiums, co-ops,
town houses, duplexes, triple-deckers, quadplexes, high value homes and
vacation homes.
Commercial Real Estate includes shopping centres and strip halls, medical and
educational buildings, hotels and offices.
Apartment buildings are often considered commercial, even though they are used
for residence that’s because they are owned to produce income.
Industrial Real Estate includes manufacturing buildings and property as well as
warehouses. The buildings can be used for research, production, storage and
distribution of goods. Some buildings that distribute goods are considered
commercial real estate.

7. WHO IS A REAL ESTATE
CONSULTANT?
WHO IS A REAL ESTATE
CONSULTANT?
A real estate consultant is a unique role involved
in the process of purchasing or selling properties.
Unlike a traditional real estate agent, consultants
are optional for clients; however, you can provide
clients with value-added services, including asset
management, market analysis/modeling, and
lease management.

8. Your clients may range from individual
investors or business owners to financial
lenders and third-party intermediaries.
A real estate consultant's primary
responsibility is to provide clients with
assistance throughout the purchasing or
selling process in order to help them
achieve their goals.

9. That assistance can include conducting
analyses on current industry trends and
possible investments, including varied
financial portfolios. Whenever a client is
interested in a property, the consultant
may also evaluate its current condition
and comparatives to determine its worth.

10. Real estate consultants and realtors play very
different roles in the housing market, though their
duties and responsibilities might overlap at times.
A consultant usually advises clients on building or
investment activities in the market. A realtor helps
clients buy or sell properties. Both professions
typically require a real estate agent or broker's
license in your state. You obtain one by completing
an accredited course and passing a state exam.
REAL ESTATE CONSULTANT VS REALTOR

11. Consulting Industry
Real estate consulting firms provide research,
analysis and advising services to clients such as
construction developers, investment banks,
mortgage lenders, materials producers, builders and
property investors. Some consultants provide
services to many types of business or investors,
while others specialize in a particular type of client.
As a consultant, you can either work for an
established firm that already provides these services
or start your own busines

12. Consultant's Role
As a consultant, you typically start a relationship with a new
prospect by meeting with him to discuss objectives. For example,
a property developer might need to learn about the viability of
putting in a new strip plaza, while an investment bank may want
to diversify into real estate investments. After learning of the
client's objectives, you prepare necessary research tools and set
out a schedule to perform and report on research. For the
property developer, your research may involve site-based visits,
meetings with community officials and local real estate
professionals, as well as secondary research compiling data that
provide direction on broader trends in regional property
development.

13. Listing Agent Realtor
Realtors usually fall into one of two different categories --
real estate listing agent or buyer's agent -- though some do
both. A real estate listing agent helps a property seller list a
home or business for sale. She then enters the property in
the local real estate multiple listing services and markets
the property within the community. When a buyer wants to
see the property, the agent informs the seller. The agent
helps manage the review of offers and counteroffers, and
finalizes agreements on behalf of the seller. You typically
get a 3 percent to 4 percent commission on the sale, which
you might split with a brokerage.

14. Buyer's Agent Realtor
A buyer's agent works with clients looking to buy a
home or commercial building. A primary
responsibility in this role is to research properties
that meet the client's parameters, and then show the
client the properties. While agents sometimes offer
insights and recommendations on properties and
offer prices, the buyer typically directs the
preparation of an offer to buy. During negotiation you
help facilitate offers and counteroffers until both
parties agree to a contract.

15. Seller's Agent Realtor
A seller’s agent, or seller’s real estate agent, is a
professional who helps list the property for sale. The
seller’s agent represents the person selling the
property and holds allegiance to that party.
The seller’s agent focuses on selling the property
according to the terms the seller or owner sets. This
includes getting the best price for the property,
negotiating terms, selling it quickly and managing the
legal transaction. Often called the listing agent, the
seller’s agent places the home on the multiple listing
service.

16. Who is a Broker?
A broker is an individual or firm that
charges a fee or commission for
executing buy and sell orders submitted
by an investor. A broker also refers to the
role of a firm when it acts as an agent for
a customer and charges the customer a
commission for its services

17. Who is a Brokerage?
A brokerage or a brokerage firm is a
company of brokers. It can be a
company that buys or sells goods or
assets for clients. It is an
organization that buys and sells
foreign money, shares in companies,
etc.

18. LAND BANKING

19. LAND BANKING
Land banking is a real estate
investment scheme that involves
buying large blocks of undeveloped
land with a view to selling the land
at a profit when it has been
approved for development.

20. LAND BANKING
Property developers usually buy land, divide
it into smaller blocks and offer it to investors.
Investors either buy a plot of land or buy an
option to purchase a plot of land. These are
often know as 'option agreements'. The
option agreement is usually triggered when
the land has been approved for development
by the local council.

21. WHAT CAN GO WRONG IN LAND
BANKING?
Development approval:
There is real potential that investors can be misled by developers
about the prospects of rezoning or developing the land.
Some developers offer land as an investment without knowing
for certain that they will get council authority to develop it. In
some cases developers have also failed to tell investors that
there are restrictions on how the land can be developed.
If development approval is not granted, investors are left with an
unsaleable investment that is likely to be worth less than they
originally paid.

22. WHAT CAN GO WRONG IN LAND
BANKING?
Investment scams
Investors may be scammed by developers who are offering
options in land that they do not own.
Scheme collapse
It may take many years and lots of money to get planning
approval. Over time, ongoing legal and planning costs can eat
into the funding for the development and may lead to the
development company becoming insolvent. If this happens,
option holders may lose all the money they've invested.

23. WHO IS A REALTOR?
The terms Realtor® and Realtors® are registered
trademarks. They’re collective membership marks
that identify a licensed real estate professional who
is an active member of the National Association of
Realtors.
Realtors work as residential and commercial real
estate brokers, salespeople, property managers,
appraisers, counselors and other real estate
professionals. Realtors help people buy and sell
real estate all over the world.

24. How Can Real Estate Agents and Brokers
Become Realtors?
Ater receiving a real estate license, most agents go on
to join their local association of Realtors, the state
association of Realtors, and the National Association of
Realtors. They can then call themselves Realtors as long
as they pay monthly dues and follow the code of ethics.
While many major brokerages encourage and even
require agents to become Realtors or pursue additional
real estate certifications, they aren’t legally required to
become Realtors in order to deal in real estate.

25. Who Can Become a Realtor?
Not only real estate agents and real
estate brokers can become Realtors.
Property managers, real estate
appraisers, real estate counselors,
and other real estate professionals
can also join NAR and become
Realtors.

26. Is a Realtor the Same as a Real Estate
Agent?
No. “Realtor” and “real estate agent” are not
interchangeable. Although most real estate agents are
Realtors and both are licensed to sell real estate, not
every real estate agent is a Realtor. An agent cannot use
the trademarked name Realtor unless they are members
of the National Association of Realtors. Therefore, not
every real estate agent can legally use the Realtor title.

27. DOCULAND
DOCULAND

28. TABLE OF CONTENT













Survey
Layout
Contract of Sale
Deed of Sublease
Deed of Conveyance
Deed of Assignment
Excision
Gazette
Certificate of Occupancy
Global Certificate of Occupancy
Governor’s Consent
Regularization
Ratification

29. SURVEY
A survey is a drawing of the
measurements and boundaries of
a given property.

30. A Layout , is the delineating of a given
geographical expanse of land into an
organized community or estate by setting out
certain portions for residential, commercial
and mixed development.
LAYOUT

31. CONTRACT OF SALE
A contract of sale is a legal document stating the exact terms and
conditions of a property related transaction. These explicit terms
may be in respect of the payment schedule for the property, the
obligations of all parties to the transaction as well as certain
covenants and clauses.
It is mostly applicable where the purchase of a property is paid in
installments or where the said property is bought within an estate. In
this case, the COS spells out levies and fees incidental to the
purchase.

32. DEED OF SUB-LEASE
A deed of sublease is an instrument used by the Vendor
to transfer title that is less than his/her total title on a
property to the Purchaser. For example, if I have a C/O for
99years, I can use a deed of sublease to transfer title for
a duration that is less than 99years granted to me by the
C/O.
Developers use this instrument to retain reversionary
interests in their estates.

33. DEED OF CONVEYANCE
A Deed of Conveyance is a signed legal document that
shows a title or deedbhas been transferred. It is used to
prove ownership in a piece of property.
A Deed of conveyance is signed, witnessed and notarized
by the seller and the buyer as well as anyone else with a
vested interest in the property being transferred.

34. DEED OF ASSIGNMENT
A deed of assignment is an instrument
used in transferring total legal title from the
Vendor to the purchaser. With a deed of
assignment, the legal title completely
devolves on the Purchaser.

35. EXCISION
This is an exclusion or a separation of a given
geographical area from the Government
acquisition by the government and
consequently granting the inhabitants of that
area legal right over their land.

36. GAZETTE
A gazette is a publication issued by the
government stating the excisions granted by
the government within a given period . This
document usually contains in details the areas
covered , measurement and expanse either in
Acres or Hectares.

37. CERTIFICATE OF OCCUPANCY
This is a legal instrument issued by
the government granting legal title
to an individual/entity over a land
for a period not exceeding 99years.

38. GLOBAL CERTIFIACTE OF OCCUPANCY
A global certificate of occupancy is a legal instrument
issued by the government granting legal title to a
community over a land for a period not more than 99years.
Like a C/O document, this captures more expanse of land.
It is the most widely used instrument for the certification
of major estate schemes.

39. GOVERNOR’S CONSENT
Governor’s consent is the
document that stamps the
assent of the state governor to a
property related transaction
between two or more persons

40. REGULARIZATION
Regularization simply means the
process of normalizing any property
related transaction that was inchoate at
the inception. E.g Purchasing a family
property without the consent of the
family head.

41. RATIFICATION
Ratification is the process of perfecting
legal title to a property. For instance, if the
initial transaction was without the
involvement of the statutory title holders
of the property.
The process of seeking the assent of the
said statutory holders i.e the persons
granted a c/o from the government is
called ratification.

42. ANY QUESTION