Detailed description
If you wish to auction off someone else's movable property, real estate, or rights on a commercial basis, you need a permit from the relevant authority. This permit may be subject to conditions (even retroactively) if necessary to protect the public, the client, or the bidders.
No permit is required for:
- Sales carried out by market agents or by publicly authorized commercial brokers in accordance with legal regulations,
- Auctions conducted by authorities or by officials, or
- Auctions to which only persons who wish to purchase goods of the offered type for their business operations are admitted as bidders.
You have a legal right to the granting of the requested permit, provided that no ground for refusal exists within the meaning of Section 34b Paragraph 4 No. 1 or No. 2 of the Trade Regulation Act (unreliability or disorderly financial circumstances).
The permit can be granted to natural and legal persons. In the case of partnerships without separate legal personality (e.g., OHG, KG), a permit is required for each managing partner; this also applies to limited partners if they have management authority and are therefore considered to be operating a business. For legal persons (e.g., GmbH, AG), the permit is granted to the legal person. Regarding the licensing requirements, the focus is generally on the persons authorized to represent the company, and all authorized representatives must meet the relevant requirements.
The permit is personal, meaning you cannot transfer a permit issued in your name to another person, nor can another person transfer a permit issued in their name to you.