When buying a 1 billion house, brokerage fees will be cut from 9 million to 5.5 million

Real estate brokerage fees, which have risen due to rising house prices, will be cut. If you buy and sell 1 billion apartments, the brokerage fee that had to be paid up to 9 million won is lowered to 5.5 million won. For jeonse, brokerage fees for a transaction of 650 million won only need to be paid from 5.2 million won to 3.25 million won.

JTBC reported on the 25th that the National Rights Commission has devised a plan to lower the brokerage fee by setting the amount subject to levy when contracting for housing sales and jeonse. In addition, it was decided to establish a principle that the party that broke the real estate contract should bear all brokerage fees. The Ministry of Land, Transport and Maritime Affairs has announced that it will actively review the recommendations for improvement plans from the Korea Rights Commission.

According to reports and related industries, the Kwonik Commission has created a section in the amount subject to the housing brokerage fee. In the case of trading, it was decided to add a section of 900 million to 1.2 billion won and apply a 0.7% commission rate. 0.9% is applied only for over 1.2 billion won. Previously, when the trading price exceeded 900 million won, the highest commission rate of 0.9% was applied.

In the case of jeonse, the section between 600 million and 900 million won was newly established and the commission rate was adjusted to a maximum of 0.5%. For over 900 million won, a commission rate of 0.8% is applied. Previously, the highest commission rate of 0.8% was applied to exceeding KRW 600 million.

Consumers welcome the cut in brokerage fees, but related industries are pointing out the government’s policy direction, saying that the standard of transaction value for high-priced housing is rising to 1.2 billion won. It is pointed out that the government needs a direction to lower the house price to less than 900 million won, which is the section where fees are not a problem, but it is a so-called’sentencement countermeasure’ that raises house prices due to successive policy failures and lowers fees in a’blindfolded’ way to consumers. to be.

Initially, it was known that the KFTC was reviewing four measures. These include: △ subdividing the transaction section, △ negotiating in the maximum section, △ single rate system (single flat rate), and △ change of fee-bearing entity. Among them, it chose a method of lowering fees while newly establishing the transaction section stage. Eventually, the section was set to reflect the level of the increased house price. A carrot book called’fee cuts’ fell to consumers, but in the end, it became a form of acknowledging the increased house prices.

If this reorganization plan is finalized, it will be the same method as the real estate rate system reorganization plan that was changed from April 2015 (based on Seoul city). At the time, the highest transaction amount was ‘600 million won or more’ in trading and ‘300 million won or more’ in the jeonse, but 600 million to 900 million won was newly established in the trading and 300 to 600 million won in the jeonse. This time, 900 million to 1.2 billion won in trading and 600 to 900 million won for jeonse were newly established, and in six years, a section of 300 million won was created again.

Industry and market officials are expressing concerns. In fact, the government’s failure to countermeasures would raise house prices and lower fees for the people. In the past, housing transactions of over 900 million won were rare, so fees were not a big problem. Due to the high price, transactions were rare, and as it was sold only in some areas including Gangnam, it was like’it is natural for the fee to be high’.

However, after the Moon Jae-in administration, the house price surged, and the situation changed as the average transaction price of apartments in Seoul exceeded 900 million won. As ordinary people felt the high brokerage fees, they steadily demanded a reduction in fees. It was giving a glare to brokerages and brokerage associations, saying,’fees are excessive’.

In fact, when the KFTC asked for opinions on the subject of’Housing brokerage services, problems and improvement measures’ through the website in November last year, 53% of the respondents answered that the brokerage fee burden was excessive. A total of 2478 people participated in the survey, of which 49.8% were certified brokers and 50.2% were the general public. Of the respondents, 50.5% of respondents said that the appropriate price of an 85m2 real estate, which is the size of a national housing, is between 300 million won and 600 million won, and 46.7% said that even in the Seoul area, the appropriate price of an 85m2 house is between 600 million and 900 million won.

Meanwhile, the KFTC decided to set a principle that the party that canceled the contract should bear all brokerage fees. It means that only the person who provided the cause of the contract breach will pay the brokerage fee. Until now, even if the contract was terminated at the intention of either the seller or the seller, both the seller and the buyer paid brokerage fees. Again, it is pointed out that the contract was not concluded, but it was wrong to receive the brokerage fee.

Hankyung.com reporter Kim Hana [email protected]