You need a permit to act as a real estate loan broker if you commercially offer
- real estate consumer loans within the meaning of § 491 paragraph 3 of the Civil Code or
- corresponding financing aids against payment within the meaning of § 506 of the German Civil Code (Bürgerliches Gesetzbuch).
Real estate consumer loans are loan agreements between an entrepreneur as lender and a consumer as 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 a permit to act as a real estate loan broker if you want to
- want to arrange financing aids against payment or
- advise third parties on real estate consumer loan agreements or corresponding remunerated financing aids.