Real Estate Brokerage Fee Calculator
Easily calculate the brokerage fee for buying, selling, or leasing residential and commercial properties in Korea.
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Brokerage Fee Standards
- The brokerage fee is determined through consultation between the client and the licensed realtor within the upper limit (Transaction Amount X Ceiling Rate).
· Enforcement Rule of the Certified Real Estate Agents Act, Article 20, Paragraphs 1 and 4 - The timing of payment follows the agreement between the realtor and the client; if no agreement, it's the day the transaction payment is completed.
· Enforcement Decree of the Certified Real Estate Agents Act, Article 27-2 - Transaction amount for lease with monthly rent: Deposit + (Monthly Rent X 100). If total is less than 50M KRW: Deposit + (Monthly Rent X 70).
· Enforcement Rule of the Certified Real Estate Agents Act, Article 20, Paragraph 5 - If residential area is 1/2 or more, residential rates apply; otherwise, non-residential rates apply.
· Enforcement Rule of the Certified Real Estate Agents Act, Article 20, Paragraph 6 - Transaction amount for pre-sale rights: Paid amount until the transaction + Premium.
- Value Added Tax (VAT) on brokerage fees is separate.
- Realtors must post the fee schedule for non-residential properties within the legal rate range.
· Enforcement Rule of the Certified Real Estate Agents Act, Article 20, Paragraph 7