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Austrian National Council Ends Brokerage Fees
A long debate will end on Wednesday as the Austrian national council will end the fee for brokers in the real estate market. Until now, new tenants used to pay the brokerage fee when they moved into their new apartment. The situation has changed now.
The Brokerage Commissions Will Not be Paid by the Tennant in Austria Anymore / Picture: © Wikimedia Commons; Ogre, CC BY 3.0
After years of discussion, the brokerage fee is being redefined. Previously, the tenant had to pay the fee, but in the future, the customer principle will apply. This means that if landlords use a broker, they will also have to pay for it. The National Council is now passing a resolution to this effect, according to…
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