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government has also confirmed a plan to reform real estate brokerage fees. The fees paid to real estate agents when buying and selling houses have been lowered, which will come into effect as early as October.



Reporter Hyung-woo Hyung will explain the reform plan in detail.



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brokerage commission rates are lowered when trading more than 600 million won.



Between 600 million won and 900 million won, the standard was reduced from 0.5% to 0.4%, and for houses with more than 900 million won, the criteria were subdivided.



The commission rate is 0.9% for over 900 million won, 0.5% for 900 million won to 1.2 billion won, 0.6% for 1.2 billion won to 1.5 billion won, and 0.7% for ultra-high-priced houses over 1.5 billion won.



If you buy and sell an apartment for 1 billion won, the brokerage fee, which was previously up to 9 million won, will be lowered to 5 million won or less.



The reversal phenomenon, in which the rental fee is more expensive than the sale, is also improved in the range between 600 million won and 900 million won.



The upper limit rate for rental brokerage fees changes to 0.3% for KRW 100 million to KRW 600 million, 0.4% for KRW 600 million to KRW 1.2 billion, 0.5% for KRW 1.2 billion to KRW 1.5 billion, and 0.6% for KRW 1.5 billion or more.



Regarding the reorganization of brokerage fees, the ACRC recommended a fixed fee instead of a method that sets an upper limit by law, but the Ministry of Land, Infrastructure and Transport decided to maintain the same upper limit rate after discussion.



The Ministry of Land, Infrastructure and Transport has expanded the limit guaranteed by real estate agents in case of an individual brokerage accident from 100 million won to 200 million won per year.



In addition, in order to improve the quality of the services of certified real estate agents, we decided to strengthen the management of brokerage qualifications and introduce a dispute mediation committee.



Brokerage fee cuts according to this reorganization plan will be implemented as early as October.