Real estate trustee

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This article or paragraph describes the situation in Austria . Help us to describe the situation in other countries.

The trade of real estate trustee (real estate lat.im-mobilis for a non-movable property and trustee = the administration or exercise of third-party rights by a person who is authorized to do so, trustee = person who exercises trusteeship for another) in Austria includes the Activities of real estate agents , property managers and property developers . It is one of the regulated trades, i. This means that in order to be able to practice the trade of real estate trustee, proof of qualification is required. With the certificate of proficiency, its owner proves the necessary technical and commercial knowledge as well as the skills and experience that are required for the independent exercise of the specific activities of the trade concerned. Authorized traders have to take out financial loss liability insurance with a minimum sum insured for their professional activity.

The real estate agent

The real estate agent's field of activity includes:

  • brokering the purchase, sale and exchange of undeveloped and developed land and rights to real estate
  • the brokerage of rights of use to real estate
  • mediating the purchase, sale and exchange of apartments, business premises, prefabricated houses and companies
  • the mediation of existing contracts for real estate (apartments, business premises, companies)
  • trading in real estate (including hire purchase)
  • the brokerage of investments in real estate funds
  • the advice and support of the respective business
  • the implementation of the public auction of real estate, superordinate certificates and building rights in compliance with the provisions of the notarial order

The property manager

The real estate manager is an organizer, administrator, trustee of someone else's household, property or business.

The real estate manager's area of ​​activity includes:

  • all activities for the management of developed and undeveloped properties
  • their maintenance, repair and improvement and renovation
  • the collection of sums of money and the making of payments in connection with administrative activities.

Property managers are entitled to:

  • Advising house and apartment owners on tax matters and drafting documents and submissions
  • Carry out administrative activities for individual co-owners of a property, provided that this does not result in a conflict of interest with the community of owners whose property they manage
  • carry out simple repair and improvement work on the objects they manage.

The developer

The activities of the property developer include:

  • the organizational and commercial handling of construction projects for your own account or for someone else's account
  • the renovation of buildings, which is equivalent to a new building in terms of construction costs

The developer is also entitled to utilize these buildings.

Individual evidence

  1. ↑ § 117 GewO 1994 (Austrian Trade Regulations)

literature

  • Section 117 GewO 1994 (Austrian Trade Regulations)
  • Kallinger / Gartner / Stingl, property developer & project developer. Successfully developing, renovating and exploiting real estate (2008) - ISBN 978-3-214-08084-6
  • Danler / Vogt, Real Estate Manager Handbook (2008) - ISBN 978-3-214-00373-9