AGENCY AGREEMENT

This AGENCY AGREEMENT made between (Applying Agent) and CROVATION LIMITED, a limited liability company incorporated under the Laws of the Federal Republic of Nigeria and having its principal place of business at 435-437 Herbert Macaulay Way, Yaba, Lagos State(Developer) on the other Part HEREBY APPOINTS (Agent) in accordance with the terms of this Agreement:

  1. DUTIES AND RESPONSIBILITIES OF THE AGENT

The Agent shall carry out these following responsibilities:

  • Present, promote and sell the products and services of the Developer to prospective clients using generally acceptable Marketing strategies
  • Establish, develop and maintain positive business and client relationship
  • Liaise with the Developer in order to expedite the resolution of client problems and complaints to maximize satisfaction and continuous patronage
  • Analyse chosen territory/market’s potential, track sales and status reports
  • Supply the Developer with reports on clients’ needs, problems, interests, competitive activities, and potential for new products and services
  • Have comprehensive knowledge of Developer’s company’s policies, best practices and promotional trends.
  • To ensure that all financial transactions, such as cheques, cash deposits, bank notes, online transfers, among others are initiated and completed in favour of the Developer.
  • The Agent shall for the term of this real estate agency agreement be considered an independent contractor and not an employee of the developer.
  • The Agent shall be responsible for all personal and travel expenses incurred during the execution of this real estate agency agreement.
  • Any individuals under the Agent’s employment involved in the sale of the property shall be bound by the terms and conditions of this real estate agency agreement.
  • The Agent agrees to hold the Developer harmless of any legal costs or judgments that may incur from the negligence of the Agent or any employees related directly to the Agent.
  1. RENUMERATION AND COMPENSATION

PROVIDED ALWAYS THAT the Agent meets up with the agreed target;

  • The agreed commission for any sale on land shall be 10% on outright payment, and 5% for house sale. The payment of the commission shall be made within 24hours from the date of client`s payment and where the payment comes in instalment, the commission shall be 7% and 3% respectively, paid in instalments in accordance with the sum paid by the client.

  1. LIABILITIES
  • The Developer shall not be held liable for any client’s fund misappropriated, mishandled or mismanaged by a third party.
  • All payments made through cheques, cash deposits, online transfers, standing orders by clients shall be in favor of the Developer.
  • The Developer shall not be held liable for cash received or paid directly to the Agent, such deposits become the liability of the client(s) and the Agent except Agent is expressly authorized in writing to receive such cash or deposit on behalf of the Developer and or the written consent of the Developer is sought and obtained.
  • The agreed commission for any sale on land shall be 10% on outright payment, and 5% for house sale. The payment of the commission shall be made within 24hours from the date of client`s payment and where the payment comes in instalment, the commission shall be 7% and 3% respectively, paid in instalments in accordance with the sum paid by the client.
  1. TERMINATION OF AGREEMENT

This Agency Relationship Agreement shall be terminated upon two-week notice duly served on the other party.

  1. ASSIGNMENT

No portions of this agreement may be transferred or otherwise delegated without prior written consent between the Parties.

  1. CONFIDENTIALITY

The Agent agrees to keep all information deemed confidential and not necessary for the sale of the property private.

Any needed disclosures of confidential information shall be provided to the Developer for approval prior to such disclosures taking place.

Any information disclosed without the above consideration shall serve as a material breach of contract and will result in termination of this real estate agency agreement in its entirety.

The duty of Agent`s confidentiality shall survive the termination of this agreement.

  1. ENTIRE AGREEMENT

This real estate agency agreement along with any attached documents shallconstitute the entire agreement between the Parties.

This agreement shall overrule any previous agreements either verbal or written between the parties prior to entering into this Real estate agency agreement.

This real estate agreement may be amended with prior written consent between the Parties.

In the instance of such amendment the amended articles shall not interfere with remaining provisions contained within this agreement.

  1. SEVERABILITY

In the instance of any provisions of this agreement being found unenforceable or illegal the parties will work together to agree on a similar enforceable term.

If any provisions are involved in the above actions all remaining provisions will remain in full effect and shall not be altered or removed.

The Agent shall during the term of this agreement keep the Developer’s best interest at the highest priority.

The Agent shall not partake in any actions for personal gain or that are deemed harmful to the Developer.

  1. ARBITRATION
  • In the event of any difference or dispute arising out of or in connection with this agreement, the parties shall make all efforts to resolve any dispute arising from the agreement amicably
  • Any dispute between parties on relation to this agreement which cannot be resolved amicably within 15days shall be referred to arbitration accordance with the Arbitration and Conciliations Act A18 Laws of the Federation of Nigeria 2004 with each party appointing its own arbitrator.

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Human Resources Manager

Mrs. Ajoke Omotayo

Ajoke Omotayo is a strategic Human Resources professional who supports the company’s profitability and enhances its brand value by attracting, retaining and influencing employees to deliver valuable performance which aligns with business objectives.

Having acquired 17 years experience from delivering HR Services across several sectors including Hospitality, Manufacturing, Maritime Transport, Internal Logistics and Consulting Sectors, she partners with management to facilitate increased productivity and maintain industrial harmony.

Ajoke has an HND in Mass Communication from the Lagos State Polytechnic, Advanced Diploma in Human Resources Management University of Lagos, and currently enrolled for an MSc in International Human Resources Management at Rome Business School.

Human Resource Executive

Mr. Richard Asikeme

Richard is the Human Resource Executive at Crovation Limited. He has a first degree in Industrial Relations & Personnel Management and a master’s degree in Human Resources & Industrial Relations from the Lagos State University respectively. With over a decade’s work experience, he brings to the fore his expertise in talent acquisition and management, payroll and compensation management, human resources information system, administration and other HR related functions.

Richard is a member of the Nigerian Institute of Management (NIM) and the Chattered Institute of Personnel Management (CIPM).

Client Experience Executive

Mrs. Iswat Ayanrino

Iswat Ayanrino is Crovation Limited’s Client Experience Executive. She has a Diploma in Law from Ahmadu Bello University (ABU), Zaria.

She joined Crovation Limited in 2017 as a Records and Documentation Officer but grew through the ranks to be saddled with day-to-day client interfacing, ensuring clients get business support and answers to their requests. 

Head, Marketing

Fatimah Moshood

Fatimoh currently serves as the Head of Marketing and Sales at Crovation Limited. She has a degree in Human Physiology from Ladoke Akintola University of Technology, Ogbomoso. She discovered her passion for Real Estate and honed her skills in sales when she joined Crovation Limited in 2017 as a Marketing Executive. Through her dedication and hard work, she grew through the ranks to head the department.

Fatimoh enjoys providing superlative real estate services to customers, with excellent communication and warmth.

Executive Director

Mr. Ademola Onaolapo

Ademola Onaolapo is a seasoned accountant and a business manager with a first degree in Accounting, and MBA in Management. He is a member of the Institute of Chartered Accountants of Nigeria. He is experienced in diverse scope of finance but highly revered in the field of Accounting, Auditing, Taxation and Financial Advisory Services based on his services in various industries.

He has distinguished himself in the real estate industry and has earned himself a seat on the board of Crovation Limited. He has over the years made the financial stability of the company a core focus to ensure it remains relevant in the league of its contemporaries.

Managing Director

Ibukun Gbadamosi is the Chief Executive Officer of Crovation Limited. He has numerous qualifications, honours and certifications both locally and internationally in Finance, Risk Management, Statistics, Real Estate, Marketing, Information Technology and Management. He is a member of the Risk Management Association of Nigeria and ISO 9001:2008 certified.

Ibukun has vast experience in business ranging from Real Estate Development, Project Finance and Banking (Commercial, Microfinance and Mortgage). Throughout his work experience, Ibukun received many companywide awards, honours and rose fast through the ranks in all the organizations he worked as a result of his innovation, dynamism, enthusiasm and result oriented work ethics. He honourably disembarked from one of the top Real Estate companies in Nigeria where he was very successful as the Head of the Funding and Credit Analysis Department coordinating the relationship between the Real Estate Company, its off-takers and the Mortgage Banks and also ensuring the successful execution of projects being financed by investors to pioneer the establishment of Crovation Limited.

Ibukun Gbadamosi has a strong passion for the Nigerian business environment and desires to use his wealth of business knowledge not only to create value for stakeholders and customers but also to contribute to job creation for the Nigerian youth. He has brought his skills and experience to bear remarkably within the company, setting it on the path of success.