Real Estate Agent (Immobilientreuhänder)
Key Facts
- Type: Regulated trade
- 3 specializations: Real estate agent (Makler), property manager (Verwalter), developer (Bauträger)
- Mandatory insurance: Professional liability insurance (Vermögensschadenhaftpflicht) REQUIRED
- Registration: Free (€0)
- Ongoing: Continuing education + anti-money laundering compliance
Three Specializations
| German | English | Activity |
|---|---|---|
| Immobilienmakler | Real estate agent | Buying, selling, renting properties |
| Immobilienverwalter | Property manager | Managing residential/commercial properties |
| Bauträger | Property developer | Developing and selling new properties |
You can qualify for one, two, or all three specializations.
Related Guides
Frequently Asked Questions
Do I need insurance as a real estate agent in Austria?
Yes, professional liability insurance (Vermoegensschadenversicherung) is mandatory. Minimum coverage is 100,000 euros for agents and 400,000 for managers.
What is the difference between agent and manager in real estate?
Agents (Makler) broker property sales/rentals. Managers (Verwalter) manage properties on behalf of owners. Both require the same trade license.
Qualification: how to prove it
Immobilientreuhänder is a regulated trade under §94 Z.35 of the Austrian Trade Act (GewO 1994). The standard route is the qualification exam (befähigungsprüfung).
- Examined by: Meisterprüfungsstelle der Wirtschaftskammer
- Exam fee: €0 — exam fees are covered by the federal government
If you cannot sit the exam, these routes are open to you:
- FH-Studium Immobilienwirtschaft + Berufspraxis
- Rechtswissenschaften-Studium + immobilienrechtliche Praxis
- Individuelle Befähigung bei umfassender Berufserfahrung
- Appointing a qualified managing director
Registering the trade
- Cost: Free — registration itself carries no fee
- Where: District administrative authority — Bezirkshauptmannschaft or Magistrat
- Decision within: max. 3 months
- Typically takes: 1-5 Werktage (bei vollständigen Unterlagen)
- Start trading: immediately on registration — you do not have to wait for the decision
You can register in these ways:
- Online via GISA (the trade register)
- Online via USP (the business service portal)
- In person at the authority
- By post
Who may register
- Minimum age: 18
- Citizenship or residence: Austria, EU, EEA or Switzerland — third-country nationals with a residence permit are also eligible
- Clean record: no disqualifying convictions (checked by the authority)
Documents to bring
- Valid photo ID
- Befähigungsnachweis (Prüfungszeugnis oder Studienabschluss + Praxis)
- Proof of professional indemnity insurance
- Strafregisterbescheinigung (bei <5 Jahren Aufenthalt in AT)
Terms shown in German are the ones printed on the Austrian forms — you will meet them exactly like this at the authority.
Sole trader, GmbH, or partnership?
Trade law does not prescribe a legal form — but it does draw one line. Under § 9 (1) GewO, legal entities and registered partnerships (GmbH, OG, KG) may hold a trade licence, but they „must have appointed a managing director (§ 39)“ — a named person who carries the qualification and the legal responsibility for the trade. As a sole trader you are that person yourself.
Whether a GmbH pays off financially depends on profit, drawings, SVS contributions and allowances. There is no general profit threshold, and that question belongs to a tax adviser, not to this page.
Running this trade alongside a job
Nothing in Austrian law forbids running a trade as a side business. Two things about social insurance are regularly misremembered, and both cost money.
- The obligation follows Chamber membership, not profit. Under § 2 (1) 1 GSVG compulsory SVS insurance attaches to membership of the Economic Chamber, which you acquire with the trade licence itself. It therefore applies in a year in which you make no profit at all.
- There is an exemption — but only on application. § 4 (1) 7 GSVG lets very small businesses be exempted while turnover and income stay under the limits it refers to. Nothing happens automatically: without the application, the obligation stands.
If you are employed, check your employment contract separately for a secondary-activity clause — that is a matter between you and your employer, not trade law.
Legal basis: GewO 1994 §94 Z.35 + Immobilientreuhänder-Verordnung . Last reviewed April 2026. This is not legal advice.