FAQ

What does the currently discussed amendment to the Brokers Act mean in practice?

The amendment is intended to introduce the "client principle" for residential tenancy agreements. The person who arranges for the broker's services and has selected the broker should then pay the broker's commission, i.e. as a rule, the broker's commission is to be paid by the landlord.

The amendment to the law is expected to come into force on January 1, 2023. Only rental agreements for apartments are affected, not for commercial premises. The brokerage fee for purchase contracts remains unaffected.

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