Real estate loan broker; application for a license

If you want to broker or advise on real estate loans commercially, you need a license to do so.

For contact details of the responsible authoritiy and local valid information select under "Select location" a location.

Among other things, you must prove that you are reliable and have the necessary expertise and professional liability insurance.

The license can be granted to natural and legal persons.

If you employ staff who are involved in brokerage or consultancy or are employed by you in a managerial position for this purpose, you must ensure that these employees are also knowledgeable and reliable.

The content of the permit may be restricted and subject to ancillary provisions if the authorities consider this to be necessary for the protection of the general public or borrowers.

In addition to applying for the permit, you must also be entered in the register of intermediaries. You can usually submit the application for this at the same time as the application for permission.

Personal reliability, i.e. you have not been convicted of a criminal offense in the past five years
Orderly financial circumstances
Professional liability insurance or an equivalent guarantee
expertise
Main branch or head office in Germany and commercial activity in Germany

The following documents are required:
- Proof of personal reliability, such as a certificate of good conduct for submission to a public authority and an extract from the Central Trade Register.
- Proof of orderly financial circumstances, such as an excerpt from the debtors' register of the enforcement court and information from the insolvency court
- Proof of professional liability insurance or an equivalent guarantee
- Proof of expertise: certificate of having passed an examination or proof of relevant professional qualification
- Extract from the commercial register in the case of legal entities and commercial partnerships

You must apply for permission as a real estate loan broker before you are allowed to take up your activity.

You first submit an application including all supporting documents
As a rule, you can also apply for entry in the register of intermediaries at this stage
The responsible office checks whether you meet the requirements
If you meet all the requirements, the license will be issued

You must also be entered in the register of intermediaries at the latest when you start your activity.