Pohang City Certified Realtors Association Offers 'Free Brokerage' for Jeonse and Monthly Rentals with Deposits Under 40 Million Won

Pohang City and 'Haengbok Bogeumjari' Sign Business Agreement

From the center left of the photo, Park Muntek, Chairman of the Pohang City Nam-gu Branch of the Licensed Real Estate Agents Association, Lee Kangdeok, Mayor of Pohang, and Do Gyuseong, Branch Chairman, are posing for a commemorative photo with association members after signing the business agreement for the "Happy Home Free Brokerage Service."

[Asia Economy Yeongnam Reporting Headquarters Reporter Dongwook Park] On the 29th, Pohang City, Gyeongsangbuk-do, held a business agreement ceremony for the 'Happy Home Free Brokerage Service' with the Pohang City South and North District Branches of the Korea Association of Realtors Gyeongbuk Branch at City Hall, and presented plaques to talent-donating brokerage offices in the area.

The Happy Home Free Brokerage Service, which will be implemented from July 1, is a new policy promoted together with the Pohang City South and North District Branches of the Korea Association of Realtors Gyeongsangbuk Branch to overcome the crisis caused by the novel coronavirus disease (COVID-19).

Going forward, about 60 licensed brokerage offices in Pohang City will provide free brokerage services without charging brokerage fees for rental deposits under 40 million KRW to low-income and marginalized groups in the region, families with three or more children, and newly relocated households to Pohang City (from outside the area).

Pohang City expects that once this free brokerage service is established, citizens will be able to receive brokerage fee benefits of up to 160,000 KRW per transaction and more than 40 million KRW annually.

Mayor Kangdeok Lee of Pohang said, "Through this business agreement, I hope that the local and real estate markets, which have been stagnant due to COVID-19, can regain vitality," and pledged, "We will continue to do our best to discover various policies to stabilize housing for vulnerable groups."

This content was produced with the assistance of AI translation services.