Information Brokerage
※ Brokerage Commission Rate of Housing (including lands attached to housing, and the right to buy housing)
(Article 2, Ordinance on SMC Housing Brokerage Commission, Table1)
Housing Property (including annexed land and the rights to purchase housing)
(Effective as of April 14, 2015)
| Type of transaction | Transaction value | Rate Ceiling | Amount Ceiling | Determination of brokerage commission rate | Calculation of transaction value |
|---|---|---|---|---|---|
| Sale, exchange | Less than 50 million | 6/1000 | ₩250,000 |
Broker commission shall be transaction value multiplied by rate ceiling or less. (The calculated amount shall not exceed the amount ceiling) |
*Sale: Sale price *Exchange: Price of a house with higher value |
| 50 million ~ less than 200 million |
5/1000 | ₩800,000 | |||
| 200 million ~ less than 600 million |
4/1000 | N/A | |||
| 600 million ~ less than 900 million |
5/1000 | N/A | |||
| 900 million or more | Negotiable within (*) of 1,000 | To be determined by negotiation between client and broker, not exceeding both the maximum rate set by broker (*) indicated in the rate ceilings column and the statutory rate ceiling of 9/1,000. | |||
| Lease,etc. | Less than 50 million | 5/1000 | ₩200,000 |
◉ TBrokerage commission shall be transaction value by ceiling rate or less (However, the calculated amount cannot exceed the amount ceiling.) |
* Jeonse: full value of the lump-sum deposit * Wolse (monthly rent): guarantee deposit + (monthly rent×100). * If calculated amount is less than 50 million, guarantee deposit + (monthly rent × 70) |
| 50 million ~ less than 100 million | 4/1000 | ₩300,000 | |||
| 100 million ~ less than 300 million | 3/1000 | N/A | |||
| 300 million ~ less than 600 million | 4/1000 | N/A | |||
| 600 million or more | Negotiable within (*) /1,000 | ◉ To be determined by negotiation between client and broker, not exceeding both the maximum rate set by broker (*) indicated in the rate ceilings column and the statutory rate ceiling of 8/1,000. | |||
| Sale, exchange | ||||
|---|---|---|---|---|
| Transaction value | Rate Ceiling | Amount Ceiling | Determination of brokerage commission rate | Calculation of transaction value |
| Less than 50 million | 6/1000 | ₩250,000 |
Broker commission shall be transaction value multiplied by rate ceiling or less. (The calculated amount shall not exceed the amount ceiling) |
* Sale: Sale price * Exchange: Price of a house with higher value |
| 50 million ~ less than 200 million |
5/1000 | ₩800,000 | ||
| 200 million ~ less than 600 million |
4/1000 | N/A | ||
| 600 million ~ less than 900 million |
5/1000 | N/A | ||
| 900 million or more | Negotiable within (*) of 1,000 | To be determined by negotiation between client and broker, not exceeding both the maximum rate set by broker (*) indicated in the rate ceilings column and the statutory rate ceiling of 9/1,000. | ||
| Lease,etc. | ||||
| Transaction value | Rate Ceiling | Amount Ceiling | Determination of brokerage commission rate | Calculation of transaction value |
| Less than 50 million | 5/1000 | ₩200,000 |
◉ TBrokerage commission shall be transaction value by ceiling rate or less (However, the calculated amount cannot exceed the amount ceiling.) |
* Jeonse: full value of the lump-sum deposit * Wolse (monthly rent): guarantee deposit + (monthly rent×100). * If calculated amount is less than 50 million, guarantee deposit + (monthly rent × 70) |
| 50 million ~ less than 100 million | 4/1000 | ₩300,000 | ||
| 100 million ~ less than 300 million | 3/1000 | N/A | ||
| 300 million ~ less than 600 million | 4/1000 | N/A | ||
| 600 million or more | Negotiable within (*) /1,000 | ◉ To be determined by negotiation between client and broker, not exceeding both the maximum rate set by broker (*) indicated in the rate ceilings column and the statutory rate ceiling of 8/1,000. | ||
※ Transaction value of the ‘right to buy house’: [Sum of payments that have been made (including loan) + premium] × Rate Ceiling
Brokerage Commission Rate for Officetel
(Article 20-4, Enforcement Decree of Licensed Real Estate Agents Act)
| Eligibility | Type of transaction | Rate Ceiling | Determination of brokerage commission rate and transaction value |
|---|---|---|---|
| Area for exclusive area being less than 85㎡, a modern kitchen, flush toilet, and bathing facilities, etc. | Sale, exchange | 5/1,000 | Same as in ‘Housing’ |
| Rent, etc. | 4/1,000 | ||
| Other cases than that mentioned in the above. | Sale, exchange, rent | Negotiable within (*)/1,000 | *To be determined by negotiation between client and broker, not exceeding both the maximum rate set by broker (*) indicated in the rate ceiling column and the statutory rate ceiling of 9/1,000. |
| Eligibility | Type of transaction | Rate Ceiling | Determination of brokerage commission rate and transaction value |
|---|---|---|---|
| Area for exclusive area being less than 85㎡, a modern kitchen, flush toilet, and bathing facilities, etc. | Sale, exchange | 5/1,000 | Same as in ‘Housing’ |
| Rent, etc. | 4/1,000 | ||
| Other cases than that mentioned in the above. | Sale, exchange, rent | Negotiable within (*)/1,000 | *To be determined by negotiation between client and broker, not exceeding both the maximum rate set by broker (*) indicated in the rate ceiling column and the statutory rate ceiling of 9/1,000. |
Brokerage Commission Rate of Non-housing Real Estate (Land, Shopping Center, etc.)
(Article 20-4, Enforcement Decree of Licensed Real Estate Agents Act)
| Type of transaction | Rate Ceiling | Determination of Brokerage Commission Rate | Calculation of Transaction Value |
|---|---|---|---|
| Sale, Exchange & Rental, etc. | Negotiable within (*) /1,000 of transaction value | ◉ To be determined by negotiation between client and broker, not exceeding both the maximum rate set by broker (*) indicated in the rate ceiling column and the statutory rate ceiling of 9/1,000. | Same as in ‘Housing’ |
| Type of transaction | Rate Ceiling | Determination of Brokerage Commission Rate | Calculation of Transaction Value |
|---|---|---|---|
| Sale, Exchange & Rental, etc. | Negotiable within (*) /1,000 of transaction value | ◉ To be determined by negotiation between client and broker, not exceeding both the maximum rate set by broker (*) indicated in the rate ceiling column and the statutory rate ceiling of 9/1,000. | Same as in ‘Housing’ |
※ Licensed Real Estate Agents shall clearly indicate, in the above table, brokerage commission rates they intend to charge,
within the statutory rate ceilings set by the law, with respect to ‘Sale or exchange of housing whose value exceeds
KRW900 million’, ‘Lease of housing whose value exceeds KRW 600 million’, and ‘Sale, exchange, and lease of non-housing
property’.