Service Finder
Permit for real estate loan broker issuance
Service Description
You need a permit to act as a real estate loan broker if you commercially offer
- real estate consumer loans within the meaning of Section 491 (3) of the German Civil Code or
- corresponding financing aids against payment within the meaning of Section 506 of the German Civil Code (Bürgerliches Gesetzbuch).
Real estate consumer loans are loan agreements between an entrepreneur as a lender and a consumer as a borrower, which are either secured by a real estate lien or a real charge or which are intended for the acquisition or maintenance of ownership of land or buildings.
You also need permission to act as a real estate loan broker if you want to
- want to arrange financing assistance for a fee, or
- advise third parties on real estate consumer loan agreements or corresponding paid financing aids.
Process flow
1. application for permission
In order to work as a real estate loan consultant, you must submit an application to the relevant authority, along with the necessary documents. Depending on the federal state, this is the trade authority or the Chamber of Industry and Commerce. Individuals (natural persons) apply for the permit themselves or through authorized third parties. In the case of legal entities, the application is submitted by their legal representatives or by third parties authorized in writing.
2. notification of the permit
The permit is issued to you in the form of a permit notice.
3. entry of the permission
After commencing activity as a real estate loan broker, you must immediately submit an application for entry in the register pursuant to Section 11a (1) of the Trade, Commerce and Industry Regulation Act (Gewerbeordnung).
Who should I contact?
To the trade office of the district, independent city or town belonging to the district.
Requirements
Permission to act commercially as a real estate loan broker will be granted if you:
- are reliable
- live in a financially sound manner,
- can provide proof of professional liability insurance,
- have successfully passed an expert examination at a chamber of industry and commerce or can prove this required expert knowledge by an equivalent professional qualification.
Which documents are required?
For the examination to obtain a permit to act as a real estate loan broker, you must submit the following documents:
- a certificate of good conduct for submission to a public authority
- an extract from the central business register
- if necessary, a certificate in tax matters from the tax office
- if necessary, a certificate of no objection from the municipal tax office
- an extract from the debtors' register of the central enforcement court
- if applicable, information from the insolvency court on the exemption from insolvency and the rejection of the opening of proceedings for lack of assets
- proof of professional liability insurance
- proof of the required expertise
- in the case of legal entities and commercial partnerships: an extract from the commercial register
Legal basis
§ 34i Trade, Commerce and Industry Regulation Act (GewO), §§ 1 - 5 Real Estate Loan Brokerage Ordinance (ImmVermV)
What else should I know?
When registering, you must decide whether you want to be registered as a real estate loan broker or as a fee-for-service real estate loan officer.
Author
The text was automatically translated based on the German content per DeepL.
Technically approved by
THURINGIAN MINISTRY FOR ECONOMY, SCIENCE AND DIGITAL SOCIETY
Professionally released on
Source: Zuständigkeitsfinder Thüringen (Linie6PLus)
