Purchase: under ₩50M 0.6% (cap ₩250k), under ₩200M 0.5% (₩800k), under ₩900M 0.4%, under ₩1.2B 0.5%, under ₩1.5B 0.6%, ₩1.5B+ 0.7%.
Lease: under ₩50M 0.5% (₩200k), under ₩100M 0.4% (₩300k), under ₩600M 0.3%, under ₩1.2B 0.4%, under ₩1.5B 0.5%, ₩1.5B+ 0.6%.
Monthly rent value = deposit + rent × 100 (× 70 if the result is under ₩50M).
These are maximums — you can negotiate. Officetels and commercial property use different rates.
FAQ
How much is the real estate agent fee for renting in Korea?
For monthly rent, the value is deposit + rent × 100 (or × 70 if under ₩50M), multiplied by the lease rate (0.3–0.6%, with caps for small amounts).
Worked example
Purchase example: buying a ₩500 million home falls in the ₩200–900 million band, with a maximum rate of 0.4%, so the broker fee is at most ₩2,000,000 — ₩2,200,000 with 10% VAT.
Monthly rent example: a ₩10 million deposit with ₩700,000 rent counts as ₩10 million + ₩700,000 × 100 = ₩80 million. That band has a 0.4% rate (₩320,000) but a ₩300,000 cap, so the maximum fee is ₩300,000.
Common mistakes
The legal rates are maximums. You can negotiate a lower fee before signing.
If the converted rent value is under ₩50 million, multiply the rent by 70 instead of 100.
Officetels have separate rates (0.5% for sale, 0.4% for rent if they meet residential conditions).
Agree on the fee before signing and write it in the contract.