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Korea Real Estate Agent Fee Calculator

Work out the legal maximum an agent may charge, and check what you were quoted against it.

Work out the legal maximum

What is the deal?
Deal type
Property type

Attached land and pre-sale rights for homes use the same rates.

Deal amount

won

The price the property actually changes hands for.

What the agent quoted (optional)

won

Enter it and we check it against the legal maximum. Leave VAT out of the figure.

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The rate table for homes

Every rate below is a ceiling. The fee itself is agreed with the agent somewhere under it, and taking more is prohibited by Article 33 of the Licensed Real Estate Agents Act.
Purchase and exchange. Where a cap exists, the fee stops there even if the rate would give more.
Deal amountMaximum rateCap
under 50 million won0.6%250,000 won
50 to 200 million won0.5%800,000 won
200 to 900 million won0.4%None
900 million to 1.2 billion won0.5%None
1.2 to 1.5 billion won0.6%None
1.5 billion won and over0.7%None
Leases. Jeonse and monthly rent both read from this table.
Deal amountMaximum rateCap
under 50 million won0.5%200,000 won
50 to 100 million won0.4%300,000 won
100 to 600 million won0.3%None
600 million to 1.2 billion won0.4%None
1.2 to 1.5 billion won0.5%None
1.5 billion won and over0.6%None

Turning a monthly rent into a deal amount

Deal amountDeal amount=Deposit+(Monthly rent×100)
If that total lands under 50 million won, the law recalculates it at 70 times the rent instead, which lowers the fee. Jeonse needs no conversion, because the deposit is the deal amount.
Example
  • Deposit10,000,000 won
  • Monthly rent500,000 won
  • Deposit + rent × 10060,000,000 won
  • Deal amount60,000,000 won

Property types other than homes

Rates are set by each province by ordinance. This calculator uses the national table, amended October 19, 2021.
PropertyPurchaseLease
Home, including attached land and pre-sale rightsBracket table aboveBracket table above
Officetel meeting the conditions0.5%0.4%
Any other officetelUp to 0.9%Up to 0.9%
Shop or landUp to 0.9%Up to 0.9%

Learn more 📚

The rate is a ceiling, not a price

  1. 1
    The law caps the rateEach province sets its own rates by ordinance, but a national table caps how high any of them may go.
  2. 2
    You agree the fee under that capNothing obliges either side to land on the ceiling. Agreeing a lower figure is ordinary practice, not a favour.
  3. 3
    Going over it is an offenceArticle 33 of the Licensed Real Estate Agents Act prohibits taking more than the ceiling, whatever was agreed.
Agree the number before the contract is drawn up, not on signing day. Once the balance is being paid there is no room left to talk.

Each side pays its own fee

Every figure this calculator shows is one side's share, not a total to be split.
DealWho pays the agent
PurchaseSeller and buyer each pay their own share to their own agent
Jeonse or monthly rentLandlord and tenant each pay their own share
One agent for both sidesThe agent may still collect from each side, but each share stays under the same ceiling

What an officetel has to have

Miss any one condition and the whole place falls into the 0.9% band, which can nearly double the fee. A bathroom that combines the toilet and the shower still counts.
Lower rate0.9% band
Floor area85 square metres or lessAnything larger
KitchenIts own built-in kitchen with plumbingShared or none
Toilet and bathingIts own flush toilet and bathing facilitiesShared or none
Purchase rate0.5%Up to 0.9%
Lease rate0.4%Up to 0.9%

VAT, expenses, and the day it falls due

Ask whether the agency is a general or a simplified taxpayer before you agree a figure, because the answer changes what you hand over by 10%.
ItemHow it works
VATA general taxpayer adds 10% on top. A simplified taxpayer cannot bill it as a separate line
Actual expensesTitle checks and deposit guarantees sit outside the fee, and need a real receipt
When it is dueWhatever your agreement says. Without one, the day the transaction money is fully paid
Going over the ceilingA prohibited act under Article 33, and reportable to the local district office

FAQ ❓

No. Every figure in the table is a ceiling. The fee itself is agreed between you and the agent somewhere under it, and Article 33 of the Licensed Real Estate Agents Act makes taking more than the ceiling an offence. Asking for a lower number is normal, not rude.
Yes. The amount this calculator shows is one side's share. On a lease the landlord pays their own and the tenant pays theirs, and on a purchase the seller and the buyer do the same. There is no single fee split between you.
The deal amount is the deposit plus 100 times the monthly rent. If that total comes to under 50 million won, the law recalculates it at 70 times the rent instead, which pulls the fee down. Jeonse needs no conversion because the deposit is the deal amount.
An officetel gets the lower rate only if it is 85 square metres or less and has its own kitchen, toilet and bathing facilities. Miss any of that and it falls into the same 0.9% band as a shop or a plot of land, which can nearly double the fee.
No, and this trips people up at signing. The ceiling applies to the fee itself. A general taxpayer adds 10% VAT on top, while a simplified taxpayer cannot bill VAT as a separate line. Ask which one your agency is before you agree a figure.
Some are. Costs the agent actually spends on your behalf, such as checking the title or arranging a deposit guarantee, sit outside the fee, but they have to be real costs with a receipt. Anything else on top of the ceiling is not.
Whenever your agreement with the agent says. Without an agreement, it falls due on the day the transaction money is fully paid, which in practice is the day you settle the balance and take the keys.
Each province sets its rates by ordinance, but the national table caps how high they may go, so no region can charge above what you see here. Seoul and Gyeonggi both sit at the national figures.

Sources 🌐