Real estate brokerage commissions are expected to decrease as early as this month as the Enforcement Rules of the Real Estate Brokerage Act, which includes the reorganization of real estate brokerage fees, have recently passed regulatory review.
The upper limit of the real estate brokerage commission rate is lowered from 600 million won or more for sales and 300 million won or more for rentals.
For example, in the case of sales, the rate in the range of 600 million won to 900 million won is reduced by 0.1 percentage point from 0.5% to 0.4%.