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 Fiche Germ any

9

1. Regulat ory backgrou nd

1.1 Lev 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

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

3 Cf. wit h f urt her ref eren ces Sch m id/ Pin kel (2 009 ), Hans e Law Revi ew, 129 -161.

4 Only in coun tri es wh ere nota ries do n ot e xist or do not ha ve a mon opoly on conv eyan cing.

5 Cf. e.g. Roth ( 2015 ), EuZW 734-7 39 ; Ot t ( 200 1).

6 Cf. e.g. Pinke l/ Sch mid ( 201 1), Han seLR, 77-15 1, 124 et seq. ; Schm id/ Pin kel ( 2011 ), NJW, 2 928 -293 1; Hamacher ( 2011 ), Anw Bl 91 3-91 7; Ritt er (2 011 ), EuZW 707 -710.

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

8 See BVerf G ju dgm ent of 19 June 201 2, NJW 2 012 , 2 639 -2644.

9 Cf. e.g. Roth ( 2015 ), EuZW 734-7 39 ; Geim er (2 013) , N JW 2 625-2 82 8.