German estate agents face change in their business model
14 Jan 2015
Real estate agents in Germany are facing a significant change in the way they are paid for finding tenants for rented properties.
Until now the agent was paid a commission by the party who rented the property. When a new law goes into effect in the next few months (around April), the estate agent will be paid by the party who contracted him to do the job – mostly the landlord, or owner of the p