Always charged when an item or a service has been brokered
In business, commissions are always charged when an item or a service has been brokered by a third party. This third person is financed by the commission payments, which is why they are usually measured as a percentage of the total amount. The commission is always due when the contract between the buyer and seller actually came about, whereby the intermediary himself has no influence on the subject of the contract.
The best-known commission in Germany is certainly the brokerage commission, which is often charged by the real estate agent when renting an apartment or in other real estate transactions. A loan for the commission can help to cover this additional financial burden, since the purchase contract is usually only concluded when the agent has also been paid. Usually the commission is always borne by the buyer, although in some cases it is also divided or only the seller bears the fees.
The amount of this commission is due in part at the discretion of the intermediary, but there are also statutory maximum limits for commissions, which are measured as a percentage of the total. A loan for the commission can therefore be taken up in accordance with the commission amount due, since this can be calculated independently by the buyer in advance. Usually, however, this is also clearly numbered in advance, also because it cannot be bypassed by the buyer or seller, unless no intermediary is used for the business.
The commission must be paid in full
Brokers usually do not offer installment payments, which is why the entire amount of the commission must be paid directly to the broker. Depending on the percentage value and the amount of the financial equivalent, financing makes sense, also because in addition to the commission, the purchase itself has to be financially managed. As a rule, the loan for the commission is a conventional installment loan, which can therefore be freely determined in part. For example, the amount of the monthly installments can be directly influenced by choosing either a long or a short term by the borrower.
Commission can be taken up without difficulty
The loan for the commission can be taken up without difficulty with the appropriate creditworthiness. In order not to miss the purchase of a property or any other object, the commission should in any case be available directly when the contract is signed.
Many brokers insist directly on the commission if the commission is successful, which is why a payment term of 7, 14 or 30 days is usually only granted with a high commission. Depending on the size, the commission can either be transferred or deposited in cash. In any case, you should have the transfer of the commission acknowledged when making a cash payment so that you also have proof on your side that you have actually paid it.