Real estate agent fee (bokbi)
Korean: 중개보수 (복비) · bokbi
The fee paid to a licensed real estate agent, agreed within a legal maximum.
The agent fee is agreed between you and the licensed agent, up to the legal maximum in Article 20 and Annex 1 of the Enforcement Rule of the Licensed Real Estate Agents Act (공인중개사법 시행규칙).
For homes, the maximum is 0.4–0.7% for a purchase and 0.3–0.6% for a lease, with fixed ceilings in the lower brackets. In a lease, both the landlord and the tenant pay.
Legal basis
Enforcement Rule of the Licensed Real Estate Agents Act (공인중개사법 시행규칙), Art. 20, Annex 1
Explanations follow the current Korean statutes on the National Law Information Center (law.go.kr). Laws change, so check the original text before relying on it. This is general information, not legal advice. All terms