Real Estate

Brokerage Fee Calculator

Real-estate agent commission.

Official basis · some exemptions excludedBased on 2026 rulesSources: Licensed Real Estate Agents Act · Korean Law Information Center

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Leave 0 for jeonse with no monthly rent.

Brokerage fee (upper limit)

2,000,000원

Applied amount500,000,000 KRW
Applied rate0.4%
Cap없음
With VAT2,000,000 KRW

Converted deposit for leases = deposit + monthly rent × 100 (× 70 if under 50M KRW).

What is a brokerage fee?

A brokerage fee is the commission paid to a licensed real-estate agent for arranging a sale or lease. Statutory caps set both a rate by amount bracket and, for smaller deals, a fixed cap; the actual fee is negotiated within that ceiling.

Converting lease deposits

For a lease with monthly rent, the applied amount is deposit + (rent × 100). If that converted figure is under 50,000,000 KRW, it is instead deposit + (rent × 70).

Rate table (2026, housing)

Rates range from 0.3%–0.7% depending on amount and transaction type, with fixed caps applied below roughly 200,000,000 KRW.

2026 reference estimate. Local ordinances may vary; verify with Wetax or a licensed agent.

Working out the brokerage transaction value

The rate table is the easy part. The friction is elsewhere: converting a monthly-rent contract into a transaction value, whether the rates are fixed or capped, and whether VAT is included.

Non-residential property

Commercial units, officetels and land fall under a single cap regardless of sale or lease. Officetels of 85㎡ or less with a private kitchen and bathroom are treated as residential, with separate caps of 0.5% for sale and 0.4% for lease.

Working out the transaction value

For a sale, the transaction value is simply the price. Leases are trickier: a jeonse deposit is the value as-is, but a monthly-rent contract must be converted into a single figure — deposit plus 100 times the monthly rent.

If that figure falls below 50 million KRW, recalculate using a multiplier of 70. A contract with a 5 million deposit and 400,000 monthly rent first gives 45 million, which is under the threshold, so it becomes 5 million + 28 million = 33 million KRW.

Contracts with large deposits often land near a band boundary, so it is worth checking the converted figure directly.

Where disputes actually arise

  • VAT is not included in the caps. A general-taxpayer agent adds 10%; a simplified taxpayer cannot charge it.
  • Ordinances differ by municipality. This table follows the Seoul ordinance; other regions may set slightly different bands.
  • The cap amounts are easy to miss. In the lower bands a fixed cap applies alongside the rate, and the lower of the two governs.
  • A cancelled contract does not always cancel the fee. If the contract falls through for reasons unrelated to the agent, a claim for the fee may still stand.

Legal basis

  • Fee ceilings — Licensed Real Estate Agents Act art. 32 and Enforcement Rule art. 20
  • Band rates — Seoul Metropolitan Government housing brokerage fee ordinance
  • Residential officetel exception — Enforcement Rule art. 20(4)
📖 Related guide — The Jeonse Conversion Rate
How is the brokerage fee calculated?
The applied amount (sale price or converted lease deposit) is multiplied by the rate for its bracket; if the bracket has a fixed cap, the smaller of the computed fee and the cap applies.
What is a converted lease deposit?
For leases with monthly rent, the applied amount is deposit + rent×100. If under 50,000,000 KRW it becomes deposit + rent×70.
Is the result the actual amount I must pay?
The result is the statutory upper limit. The actual fee is negotiated with the agent within that limit, and details can vary by local ordinance.