Real Estate Broker Fee Calculator
Enter the transaction amount and property type to compute the statutory cap on Korean broker commission under the Licensed Real Estate Agent Act.
The transaction sale price.
VAT applies if the broker is a standard taxpayer (annual turnover ≥ 80M KRW).
Broker fee (cap)
2,000,000KRW
500,000,000 KRW × 0.4%
- Transaction amount
- 500,000,000KRW
- Fee (pre-VAT)
- 2,000,000KRW
- VAT (10%)
- 0KRW
- Applied rate
- 0.4%
- Bracket
- 200M – under 900M
- Cap rate 0.4% applied
What is broker commission in Korea?
Licensed Korean real estate agents charge commission based on cap rates and limits set in Article 20 of the LREAA Enforcement Regulation. The bracket determines the maximum rate; below that, the broker and client negotiate. Numbers shown here are the statutory cap — actual fees are often lower.
Sale / Exchange rates (residential)
| Transaction amount | Cap rate | Cap amount |
|---|---|---|
| Under 50M | 0.6% | 250,000 KRW |
| 50M – under 200M | 0.5% | 800,000 KRW |
| 200M – under 900M | 0.4% | — |
| 900M – under 1.2B | 0.5% | — |
| 1.2B – under 1.5B | 0.6% | — |
| 1.5B and above | 0.7% | — |
Lease rates (residential)
| Transaction amount | Cap rate | Cap amount |
|---|---|---|
| Under 50M | 0.5% | 200,000 KRW |
| 50M – under 100M | 0.4% | 300,000 KRW |
| 100M – under 600M | 0.3% | — |
| 600M – under 1.2B | 0.4% | — |
| 1.2B – under 1.5B | 0.5% | — |
| 1.5B and above | 0.6% | — |
Non-residential uses a single negotiable rate of 0.9%.
Frequently asked questions
- Is this the amount I must pay?
- No — it is the statutory cap. The actual commission is negotiated within that cap. Always agree on the fee in writing before signing the brokerage contract.
- How is the lease transaction amount converted?
- Deposit + monthly rent × 100. If that figure is under 50 million KRW, recompute as deposit + rent × 70. The calculator handles this automatically.
- Is an officetel residential or non-residential?
- If used as a residence (with resident registration), it follows residential rates. If used as office/retail space, it follows the non-residential single rate. Actual usage is the test.
- Who pays the VAT?
- If the broker is a standard taxpayer, VAT is billed separately to the client. Simplified taxpayers (turnover under 80M KRW) usually do not bill VAT separately. Confirm the broker's tax status before agreeing on the fee.
Reference only. The figure shown is the statutory cap under Article 20 of the LREAA Enforcement Regulation. Actual commissions are negotiated within the cap, VAT depends on the broker's tax classification, and local ordinances may further adjust some rates. Always sign a written brokerage agreement before transacting.