The new legally regulated sharing of commissions!
Just in time for Christmas, from December 23rd 2020 there will be a new uniform and legally binding division of commissions for all federal states. On May 14th 2020, the Bundestag (German Parliament) approved the law on distribution of commissions for real estate agents who have provided assistance to buyers for the purchasing contracts of condominiums and single family homes. Until now there has not been any uniform regulation on commission payments for buyers and sellers. In many federal states a commission sharing was already in effect (3.57% per party), though in some states, including Berlin, Brandenburg, Hesse, Bremen and Hamburg, the commission costs were paid solely by the buyer.
In the following explanation, we will give you a brief insight into the new “principle of double commission” for whom and when it applies.
Thank-you very much for the past year filled with very good co-operation. We would also like to remain in the future – no matter how uncertain it may be – a reliable partner for you and your real estate affairs.
We wish you a Happy Christmas and a Healthy New Year!