Certificate of competence – You should check this

Certificate of competence – Many clients ask whether there is a certificate of competence for real estate agents. This is not provided by the legislator, so that you do not have to look for a certificate of competence when hiring an estate agent. It is different with the obligation to the advanced training and further training. According to the law on the introduction of a professional licence for commercial property managers and estate agents, estate agents are obliged to attend further training courses totalling 20 hours within 3 years. As a client, you should also make sure that the real estate agent you hire has professional liability insurance.

Certification for market value assessment of real estate

In addition to the primary activity in the brokerage of real estate, many real estate agents offer, for example, the market value of real estate. In order to provide this service and professionally determine the asking price for your home or condominium, a lot of know-how and expertise is required. When looking for a real estate agent, you can ask for a certificate and find out whether your favorite agent has undergone further training in the valuation of real estate and knows all the important factors in the determination of the asset value and the market value.

Obligations of brokers

Every real estate agent is obliged to keep all proofs of participation in further training and to show these when required. Originally, the certificate of competence was intended to make it easier to distinguish between serious and dubious real estate agents. However, as an owner and potential client, you can also obtain this knowledge by referring to an experienced estate agent, viewing all evidence of further training on request and checking whether your appointed estate agent has a certificate of valuation before carrying out a property valuation.

Broker contract: tips and help

You want to sell a house or an apartment, have no experience in the real estate market and want to avoid mistakes at all costs? Then you are well advised to use the comprehensive services of an estate agent and simplify the time-consuming and complex sale of your residential property. When you hire an agent, you don’t have to factor the sale of your property into your schedule, as all tasks are handled directly by your real estate agent and carried out in your best interest.

Tasks of a broker

Basically, a real estate agent fulfils all tasks that are important before and during the sales and rental phase. He creates an exposé, determines the market value of your property, advertises your property and is then the interface between you and interested parties. While the creation and publication of an advertisement is a time-consuming but unique task, answering customer enquiries is part of the daily business of an estate agent.

• Here you can find more information about the tasks of a broker.

Commission for the broker – The most important regulations

More than 80 percent of all properties for sale or rent are brokered. This means that the owner commissions a real estate agent to advertise the offer and to carry out all tasks up to the conclusion of the contract on his behalf. Professional brokerage is a service that is agreed between the client and the real estate agent. After the service has been rendered, a commission, the so-called brokerage fee, is due. Who pays the commission depends on the type of commission and the reason for the commission. If you sell your property through an estate agent, the buyer usually pays. In the case of lettings, the buyer principle has applied since 2015, so that the invoice recipient and commission payer is identical to the person who has commissioned a brokerage service.

• Here you can find more information about the broker commission.