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Real Estate Brokerage Commission
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- Real Estate Brokerage Commission
The table below shows the rate of real estate brokerage commission provided by the National Association of Realtors. Rates are subject to change in accordance with any revision of municipal ordinances.
Real Estate Brokerage Commission Rates: Criteria for Seoul Metropolitan City
Houses
| Transaction | Transaction Amount | Upper Limit Rate | Ceiling (amount) |
|---|---|---|---|
| Sales/Exchanges | Less than KRW 50 million | 6/1000 | KRW 250,000 |
| KRW 50 million ~ Less than KRW 200 million | 5/1000 | KRW 800,000 | |
| KRW 200 million ~ Less than KRW 600 million | 4/1000 | N/A | |
| KRW 600 million ~ Less than 900 million | 5/1000 | N/A | |
| KRW 900 million or more | 9/1000 of the transaction amount | ||
|
Leases, etc. (transactions other than sales or exchanges) |
Less than KRW 50 million | 5/1000 | KRW 200,000 |
| KRW 50 million ~ Less than KRW 100 million | 4/1000 | KRW 300,000 | |
| KRW 100 million ~ Less than KRW 300 million | 3/1000 | N/A | |
| KRW 300 million ~ Less than KRW 600 million | 4/1000 | N/A | |
| KRW 600 million or more | Within 8/1000 of the transaction amount | ||
Officetels (Studios)
| Transaction | Upper Limit Rate |
|---|---|
| Sales/Exchanges | 5/1000 |
| Leases, etc. | 4/1000 |
Others: Land, Shopping Arcades
| Transaction | Upper Limit Rate | Decision of Commission Rate | Calculation of Transaction Amount |
|---|---|---|---|
| Sales/Exchanges Leases, etc. | Within 9/1000 of the transaction amount | Negotiated amount by clients and real estate broker within 9/1000 of the upper limit rate | Same as that of houses |