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Real estate brokerage fees will be reduced from October of this year. The rate is adjusted gradually from 600 million won for sale and 300 million won for jeonse or monthly rent, but real estate agents immediately protested strongly.



This news was covered by reporter Kim Ki-tae.



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An 84-square-meter apartment in Seodaemun-gu, Seoul sold for 1.15 billion won last month.



The maximum brokerage fee is 1,35 million won, but from October, the burden will be reduced by almost half to 5.75 million won.



The key to the reorganization of the brokerage fee system is to lower the rental rate of more than KRW 300 million and sales of KRW 600 million or more, which increased the number of transactions due to the rise in house prices.



In the case of trading, prices of more than 600 million won and less than 900 million won are lowered by 0.1 percentage point to 0.4%, and 0.9% and over 900 million won are applied with a difference of 0.1% based on 1.2 billion won and 1.5 billion won, respectively.



For rental contracts, the rate is lowered from 300 million won or more, but the section between 600 million won and 1.2 billion won will be significantly lowered from 0.8% to 0.4%.



The upper limit of commission is reduced from 8.1 million won to 4.5 million won for a 900 million won transaction, and from 4.8 million won to 2.4 million won for a 600 million won jeonse transaction.



In addition, in order to strengthen consumer protection in the event of a brokerage accident, it is decided to raise the limit of liability guarantees of real estate agents to 200 million won per year for individuals and 400 million won per year for corporations, respectively.



Real estate agents strongly protested, saying that the damage was huge.



Some brokerages have already entered a joint closure as a protest, but the Association of Realtors has announced that they will fight against the government.



[Jung tube / Korea realtor Association Vice President: Since realtor is not unilaterally determined through a formal discussion, without consultation with the Association of 110000 realtor they can never accept the eyes of]



reform has reached a view to be applied at the same time in October at the National .



(Video coverage: Kim Min-cheol, video editing: Jo Moo-hwan)