For Commercial Property Managers of residential real estate, a license requirement according to § 34c trade regulations (GewO) is introduced in Germany for the first time on 1.8.2018. We achieved this license.
A condition for the granting of this permit is that the Real Estate Manager can prove his reliability, orderly financial circumstances as well as the conclusion of a professional liability insurance. We have an insurance covering 500.000 EUR per case.
Residential Property Managers and Real Estate Agents must also provide training of at least 20 hours within 3 years.
In addition, administrators and brokers are required to inform about completed training courses and thus to enable customers to get an idea of the professional qualifications.
Our trainings in 2018:
40 hrs. Law in the real estate industry
40 hrs. Construction project management
40 hrs. Property rating
40 hrs. Property management