Permit for real estate agents, loan brokers, property developers, building supervisors and residential property managers Apply for a permit
Service description
You require a permit if you wish to offer the following on a commercial basis:
- Real estate brokerage (real estate agents),
- Mediation of loan agreements (except real estate loans for consumers),
- Management of residential properties (residential property manager and residential property manager) or
- Preparation or implementation of construction projects in own or third-party name (property developer, construction supervisor)
Depending on which permit you apply for, you are authorized to carry out the following activities, for example:
- Brokerage of real estate and rights equivalent to real estate, as well as brokerage of the sale, encumbrance, letting or leasing of real estate
- Brokerage of residential property and contracts for mortgages and land charges,
- Procurement of commercial and residential premises, i.e. all types of room rentals, including leases and subleases, i.e. also the procurement of apartments and rooms.
- Brokerage of loans (except real estate financing for consumers)
- Planning or implementation of construction projects using third-party assets, for example with the assets of tenants, leaseholders, other beneficiaries or persons applying for acquisition or usage rights. It makes no difference here whether you act in your own name (property developer) or whether you act on behalf of third parties (building supervisor). The following activities may be considered, for example: Submitting building applications, commissioning architects and tradesmen, procuring and calling up financing, taking out insurance, calculating future rents.
- Management of rented apartments or the joint residential property of several people. You are an administrator, for example, if you
- Implement resolutions of the condominium owners and ensure that the house rules are enforced;
- take the measures necessary for the proper maintenance and repair of the common property;
- arrange for and receive all payments and services associated with the ongoing management of the common property;
- manage the funds collected.
For the brokerage of real estate consumer loan agreements, you require a different, separate license under trade law.
Special information for - City of Idar-ObersteinPrerequisites
- You have the reliability required for commercial operations. As a rule, you do not have this if you have been convicted of a crime or a property offense (specified by law) within the last 5 years.
- You live in good financial circumstances: No insolvency proceedings have been opened against your assets or rejected due to lack of assets.
- If you want to work as a residential property manager, you need professional liability insurance of at least EUR 500,000 for each insured event and EUR 1,000,000 for all insured events in a year.
What documents are required?
- Copy of identity card or passport with registration certificate or presentation on site.
- Proof of orderly financial circumstances
- usually for residents of Germany:
- Extract from the debtor register
- Certificate from the insolvency court
- Certificate in tax matters (from the tax office)
- if you live abroad: documents from your home country that prove your orderly financial circumstances
- usually for residents of Germany:
- Proof of the legal form of the company:
- for companies based in Germany: for companies entered in a register: Extract from the commercial register or the partnership register or the register of cooperatives
- if the company is based abroad: documents from the country of domicile that prove the legal form
- Proof of personal reliability:
- if you are resident in Germany:
- Certificate of good conduct for submission to an authority
- Central trade register extract for submission to an authority
- if you live abroad: documents from your country of residence that prove your personal reliability
- if you are resident in Germany:
The competent authority may request further documents to verify personal reliability.
In the case of legal entities such as a GmbH, you must submit the personal documents for all natural persons authorized to manage the company (e.g. identity papers) or apply for them (e.g. extract from the central trade register for submission to an authority).
For legal entities, you also need an excerpt from the central trade register for submission to an authority.
Partnerships such as a GbR, KG, OHG, PartG or GmbH & Co KG are not eligible for a license as such.
Therefore, each managing partner requires a permit. Submit a completed application form and all personal documents for each of these persons.
If you wish to work as a residential property manager, you must submit proof of the professional liability insurance required by law.Legal basis
What else should I know?
Real estate agents and residential property managers, as well as their staff, are obliged to undergo regular further training in line with their activities.