Regulatory background

• Author: Pinkel, Tobias
• Pages: 9-19

Consum er mar ket stud y on the fun ctio ning of the r eal estate servi ces for consum ers in the EU – Coun try FicheGermany

9

1.Regulat orybackgrou nd

1.1Lev el of regulat ion in the country

Ta ble 1: L eve l o f r egu lat ion

De scri be the le vel of re gula tio n

Sou

Re al est ate t ran sact ion s2

•Stri ctly regulated

•Not arisat ion r equi rem ent for every real pro pert y transa ctio n

•Regi strat ion requ irem ents

•Num eru s cla usus for r ight s in real proper ty

No ta ry syst em ( or la wy er/conv eyan cer syst em ) 4

Not ary system , st rictl y r egul ated

Pro

Not

Fee

2E.g. lim itat ion s or proh ibit ions o f cer tain tr ansact ions; sp ecific form alit y r equi reme ntsetc.

3Cf. wit h f urt her ref eren ces Schmid/Pinkel(2 009 ), Hans e Law Revi ew, 129 -161.

4Only in coun tri es wh ere nota ries do n ot e xist or donot ha ve a mon opoly on conv eyan cing.

5Cf. e.g. Roth( 2015 ), EuZW 734-739; Ot t ( 200 1).

6Cf. e.g. Pinkel/Schmid( 201 1), Han seLR, 77-15 1, 124 et seq. ; Schmid/Pinkel( 2011 ), NJW, 2 928 -293 1; Hamacher( 2011 ), Anw Bl 91 3-91 7; Ritter(2 011 ), EuZW 707 -710.

7See BGH j udge ment of 4 Ma rch 2013 , BGH Z 19 6, 2 71-284a nd B GH j udge men t of 20 July 20 15, NJW 2 015 , 3 034 -3039.

8See BVerf G ju dgm ent of 19 June 2012, NJW 2 012 , 2 639 -2644.

9Cf. e.g. Roth( 2015 ), EuZW 734-739; Geimer(2 013) , N JW 2 625-2828.