Permission to grant as a commercial real estate loan intermediary
You will need a permit to work as an immovable loan intermediary if you are Immovable consumer loans within the meaning of Section 491 (3) of the Civil Code or appropriate financial aid within the meaning of Section 506 of the Civil Code. Real estate consumer loans are loan agreements between a trader as a lender and a consumer as a borrower, secured either by a lien or a real charge, or intended for the acquisition or maintenance of property in land or buildings. You also need permission to work as an immovable loan intermediary if you want to provide financial support, or seek advice from third parties on real estate consumer loan contracts or corresponding financial assistance for remuneration.
To obtain permission to act as an immovable loan intermediary, you must submit the following documents: a certificate of leadership for submission to an authority an excerpt from the business central register if necessary, a certificate in tax matters of the tax office if necessary, a certificate of safety from the municipal tax office an extract from the debtor register of the Central Enforcement Court if necessary, an information from the insolvency court on the absence of insolvency and the rejection of the opening of proceedings in the absence of mass proof of professional insinuating insurance proof of the required expertise in the case of legal entities and commercial companies: a commercial register extract
Permission to work as an immovable loan intermediary is granted to you if you: are reliable, live in orderly financial circumstances, can prove professional insinuated insurance, have successfully passed an expert examination at an Chamber of Commerce and Industry or can prove the required expertise by means of an equivalent professional qualification.
When registering, you must decide whether you want to be registered as an immovable loan intermediary agent or as a fee-based real estate loan advisor.
Request for permission In order to work as an immovable loan consultant, you must submit an application to the competent authority, presenting the necessary documents. Individuals (natural persons) apply for permission themselves or by authorized third parties. In the case of legal entities, the application is made by their legal representatives or by third parties authorised in writing. Notice of permission Permission is granted to you in the form of a permit notice. Entry of the permission After taking up your activity as a real estate loan intermediary, you must immediately submit an application for registration in the Register pursuant to Section 11a (1) of the German Commercial Code.
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Federal Ministry of Economics and Energy
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