Befähigungsprüfung Immobilienmakler Practice Questions - Austria Befähigungsprüfung Immobilienmakler (Real Estate Broker Licensing Examination) Exam

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What is the legal effect of an 'Aufsandungserklärung' (declaration of submission) in an Austrian real estate purchase contract under § 32 of the Land Register Act 1955 (Grundbuchsgesetz - GBG)?

It is the explicit, unconditional consent of the registered property owner allowing the direct registration (Einverleibung) of the buyer's ownership title in the Land Register It is a provisional reservation of priority that expires automatically after 14 days It is a statutory guarantee from the trade authority confirming that the purchase price is fair market value It is a waiver of all statutory warranty rights by the purchaser under § 922 ABGB

Correct Answer:

It is the explicit, unconditional consent of the registered property owner allowing the direct registration (Einverleibung) of the buyer's ownership title in the Land Register

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