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

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Christo Volschenk

Christo Volschenk is managing editor of the news on Aimgroup.com and our senior analyst covering Naspers. He brings more than 31 years of experience in business journalism to the team - the last 18 years focused on classifieds and e-commerce. Apart from working closely with the AIM Group, Christo is a freelance journalist, content manager, and copy editor. Before branching out on his own, he spent 15 years with Naspers in South Africa as journalist, economics editor and online project manager. He now spends most his day editing the news reported by 23 colleagues in 23 countries from his base in Stuttgart, Germany.