| Commission Rate Chart |
| 1. General Residences |
| Categories |
Transaction amount |
Rate(%) |
Limit(won) |
Notes |
| Sale/Exchange |
Less than 50 million |
0.6 |
250,000 |
|
More than 50 million,
less than 200 million |
0.5 |
800,000 |
|
More than 200 million,
less than 600 million |
0.4 |
- |
Transaction amount multiplied by rate |
Lease and
transactions
other than
sale/exchange |
Less than 50 million |
0.5 |
200,000 |
|
More than 50 million,
less than 100 million |
0.4 |
300,000 |
|
More than 100 million,
less than 300 million |
0.3 |
- |
Transaction amount multiplied by rate |
|
| |
| 2. Luxury Residences |
| Categories |
Transaction amount |
Rate(%) |
| Sale/Exchange |
Sale of residence at more than 600 million |
To be determined between client and agent within statutory commission limit of 0.9% |
| Lease and transactions other than sale/exchange |
Lease of residence at more than 300 million |
To be determined between client and agent within statutory commission limit of 0.8% |
|
| |
| 3. Buildings other than residences |
| Categories |
Transaction amount |
Rate(%) |
| Sale/Exchange/Lease |
No set standards |
Set by the agent within statutory commission limit of 0.9% |
|
| |
- For land containing a residence, commission is limited to the residence.
|
| - Commission rate by principle is calculated by multiplying the transaction amount and the commission rate. |
However, the commission cannot exceed the statutory limit, in case of residences.
|
| - In case of Wolse, the transaction amount is calculated by the following formula : |
| Deposit + (one month rent x 100) |
| If the resulting amount is less than 50 million won, then |
Deposit + (one month rent x70) will be the transaction amount.
|
| - Commission is collected from both parties (landlord and tenant). |
