A new rental law is to enter into force in Germany since 2015. According to it, about 11,000 brokers may lose their commission. However, the German Federation of Estate Agents (BVFI) has cancelled a nationwide strike on this issue, as its members didn’t come to a consensus, informs the ee24.com citing opp-connect.com.
According to the ballot, 30% of the members of the Federation of German agents voted for the strike, 6% voted against and 64% abstained, so this question was removed from agenda of the Commission. Competing German Real Estate Association (IVD) also abandoned from the strike.
Under current rules, the tenant pays 2% commission plus VAT to the agent / broker. According the tagesspiegel.de, about 850,000 properties in Germany are rented each year with the help of a broker. And since 2015, the tenant will pay to the landlord, and he in his turn will have a right to choose: either he directly and independently seeks for tenants or uses broker’s services to find tenants.