The draft law on real estate agent commission when selling real estate stipulates that the commission must be paid by the person who hired the real estate agent. Usually this is the seller. This should relieve buyers. The Ministry of Justice and Consumer Protection expects a relief of up to three billion euros. The ministerial draft is currently being voted on and there are various discussions. Broker associations are predominantly critical of the ordering principle. You fear a loss of sales. These could result from the fact that sellers would employ fewer brokers or could negotiate a lower commission with the broker. In addition, the purchase could also become more expensive if sellers add the broker’s commission or part of it to the purchase price, so an argument of broker associations.
What does the draft law provide for the buyer principle when buying real estate?
The developer is a general contractor who is responsible for the construction of a building. He usually has the building built by subcontractors and then sells it together with the property
Around 100,000 properties are foreclosed in Germany every year. This is a good opportunity to buy real estate cheaply. One to two family houses often come under the hammer for 70 to