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Budongsan Fee

 
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zappadelta



Joined: 31 Aug 2004

PostPosted: Mon Feb 08, 2010 10:38 pm    Post subject: Budongsan Fee Reply with quote

What's the typical fee/percentage that you pay to the real estate agent when you rent a place?
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Joe Boxer



Joined: 25 Dec 2007
Location: Bundang, South Korea

PostPosted: Tue Feb 09, 2010 5:29 am    Post subject: Reply with quote

I think around 400,000 is typical.

EDIT: That is a one-time payment!
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Kryten



Joined: 10 Nov 2008

PostPosted: Tue Feb 09, 2010 5:40 am    Post subject: Reply with quote

I can't remember what I paid, but it wasn't that much. Mine was closer to 300,000 Won.
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taobenli



Joined: 26 Apr 2004

PostPosted: Tue Feb 09, 2010 1:51 pm    Post subject: Reply with quote

I paid 220,000 (not in Seoul).
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pkang0202



Joined: 09 Mar 2007

PostPosted: Tue Feb 09, 2010 1:55 pm    Post subject: Reply with quote

There's a formula the budongsan goes by that the government mandated.

I don't remember the details. I think it takes into account the size of the apartment + deposit + monthly payments. All that gets gets inputted and the fee is calculated.
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