Anti-Corruption Commission Survey Finds 53% Say "Real Estate Brokerage Fees" Are Expensive

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[Asia Economy Reporter Moon Chaeseok] More than half of the respondents in a survey conducted by the Anti-Corruption and Civil Rights Commission answered that real estate brokerage fees are expensive.

The Commission announced on the 7th that, as a result of gathering opinions on the topic of 'Housing Brokerage Services, Issues, and Improvement Measures' from the 2nd to the 13th of last month, 53% of respondents said the brokerage fee burden is excessive.

Among the 2,478 survey participants, 49.8% were licensed real estate agents, and 50.2% were general citizens.

The Commission analyzed, "As real estate sale prices and jeonse (long-term lease) prices have soared, brokerage fees have also risen significantly, causing many consumers to feel burdened."

Among respondents, 50.5% answered that the appropriate price for an 85㎡ property, which is the size of a national housing unit, is between 300 million and 600 million KRW. 46.7% said that even in the Seoul area, the appropriate price for an 85㎡ house is between 600 million and 900 million KRW.

When asked about the appropriate brokerage fee rate for houses priced between 600 million and 900 million KRW, 43.2% of respondents answered 0.5?0.6%. The current brokerage fee rate applied to this price range is 0.5%.

Regarding the appropriate brokerage fee rate for houses priced over 900 million KRW, where a 0.9% rate is applied, 28.4% of respondents answered 0.5?0.6%, and 25.7% answered 0.7?0.8%.

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