Real Estate Brokerage Fee Calculator
Enter the transaction details to check the estimated brokerage fee.
Property Type
Real Estate Brokerage Fee Application Standards
- The brokerage fee is determined by mutual agreement between the client and the licensed real estate agent within the limit of Transaction Amount X Maximum Rate (cannot exceed the limit amount).
· Enforcement Rule of the Licensed Real Estate Agents Act, Article 20(1), (4) - The timing of the brokerage fee payment is subject to the agreement between the agent and the client. If there is no agreement, it shall be the date when the payment for the transaction is completed.
· Enforcement Decree of the Licensed Real Estate Agents Act, Article 27-2 - For transactions with monthly rent in addition to a deposit, the transaction amount is: Deposit + (Monthly Rent X 100). However, if the total amount is less than 50 million KRW, it is: Deposit + (Monthly Rent X 70).
· Enforcement Rule of the Licensed Real Estate Agents Act, Article 20(5) - For buildings where the residential area is 1/2 or more of the total area, the brokerage fee for housing applies. If the residential area is less than 1/2, the fee for non-housing properties applies.
· Enforcement Rule of the Licensed Real Estate Agents Act, Article 20(6) - The transaction amount for a condominium presale contract is: The total amount paid up to the time of the transaction (including loans) + premium.
- Value-added tax (VAT) on the brokerage fee is separate.
- For non-housing properties, the licensed real estate agent must display the table of brokerage fees, actual expenses, rates, and limits that they intend to receive within the scope of the brokerage fee rates.
· Enforcement Rule of the Licensed Real Estate Agents Act, Article 20(7)