Preparation of a plan to cut brokerage fees
Establishment of 9~1.2 billion won for trading and 6~900 million for jeonse
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The National Rights Commission has devised a plan to reduce the brokerage fee for housing sales and jeonse. This is a measure that reflects the point that brokerage fees have risen significantly in recent years as the market price for trading and jeonse has soared. If the transaction amount is 1 billion won, the brokerage fee will be lowered from 9 million won to 5.5 million won.
According to the real estate industry on the 25th, the Kwon Ik Commission created a section in the amount subject to the housing brokerage fee. In the case of trading, it was decided to add a section between 900 million and 1.2 billion won and apply a commission rate of 0.7%. 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, it was decided to create a section between 600 million and 900 million won and lower the commission rate 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. The brokerage fee for 650 million won charter transactions will be lowered from 5.2 million won to 3.25 million won.
In addition, it was 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. However, experts say that even if the new regulations are implemented, it is advisable to clearly write down who is responsible for destroying the contract in the contract.
The Kwon Ik Committee prepared a plan to reorganize brokerage fees for these contents by conducting several surveys with public brokers and citizens.
/ Reporter Kwon Hyuk-jun [email protected]
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