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apartment holding fee/realtor's fee ? ! 200,000 won ? !

 
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chaz47



Joined: 11 Sep 2003

PostPosted: Mon Aug 21, 2006 11:01 pm    Post subject: apartment holding fee/realtor's fee ? ! 200,000 won ? ! Reply with quote

I just got back from an extend visa run/vacation prior to my next contract. I will be paying for my accomodation this time and one thing concerns me about the billing. While I was away my recruiter put money down on the apartment to "hold" it for me, when I returned I thought that this would be part of the key money... but "no" that is not the case... the recruiter's girlfriend was the realtor so she stands to make a comission from me as it is yet somehow I think they squeezed me for an extra 200,000 won and I feel not so happy about it.

Sad

Is this a legitimate fee?
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Mashimaro



Joined: 31 Jan 2003
Location: location, location

PostPosted: Mon Aug 21, 2006 11:36 pm    Post subject: Reply with quote

I found my own place dependently of boss/recruiter, I had to to pay a holding fee of 50,000 won from memory. In my case it was a new building and the 50,000 was I assume to cover them if I'd changed my mind and decided not to move in . Your situation may be different, but 200,000 does sound excessive at face value
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John Henry



Joined: 24 Sep 2004

PostPosted: Tue Aug 22, 2006 12:12 am    Post subject: Reply with quote

Don't know about "holding money". But rental agents do get a fee for their service (duh). Half is paid by you, half by the owner of the apartment. I paid 150,000.
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Hotpants



Joined: 27 Jan 2006

PostPosted: Tue Aug 22, 2006 12:27 am    Post subject: Reply with quote

I paid 50,000 for holding a room at a goshiwon. Holding fees can sometimes be charged if a place is really popular, but unless you are living in an officetel in Trump Towers, 200,000 is a much higher amount than I've ever heard anyone being asked to pay. Sounds suspect.
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SuperHero



Joined: 10 Dec 2003
Location: Superhero Hideout

PostPosted: Tue Aug 22, 2006 1:48 am    Post subject: Reply with quote

it's generally a percentage of the total rental contract.
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kprrok



Joined: 06 Apr 2004
Location: KC

PostPosted: Tue Aug 22, 2006 2:48 am    Post subject: Reply with quote

I remember when I had my own apartment down in Jeju, I had to give them 50,000 to hold the apartment until I signed the contract, and then it was just considered part of the deposit. But, I didn't go through any recruiter or agent to get it. I just found it myself and called around.

KPRROK
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kat2



Joined: 25 Oct 2005
Location: Busan, South Korea

PostPosted: Tue Aug 22, 2006 3:55 pm    Post subject: Reply with quote

agents always get a fee. 200 is what we paid two months ago.
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Cheonmunka



Joined: 04 Jun 2004

PostPosted: Wed Aug 23, 2006 3:05 am    Post subject: Reply with quote

When we chonsei we pay a 200.000 won fee. I guess that's the same for a long term wolsei.
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xCustomx



Joined: 06 Jan 2006

PostPosted: Tue Sep 19, 2006 8:25 pm    Post subject: Reply with quote

I just came back from the realtor, where I was ready to sign a contract for my own officetel. I backed out once she told me I had to pay a percentage of the cheonseh fee, so it came out to about 430,000. I was thinking 'oh helllll no.' From what I've read, I was expecting about 200,000 tops. They also wanted 1,000,000 to hold the officetel.

Needless to say I think I'm gonna shop around for a new realtor.
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hellofaniceguy



Joined: 10 Jan 2003
Location: On your computer screen!

PostPosted: Wed Sep 20, 2006 1:22 am    Post subject: Reply with quote

Just don't pay it! Why pay someone to look for a place to live? That's the house owners problem.
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SuperHero



Joined: 10 Dec 2003
Location: Superhero Hideout

PostPosted: Wed Sep 20, 2006 4:14 am    Post subject: Reply with quote

hellofaniceguy wrote:
Just don't pay it! Why pay someone to look for a place to live? That's the house owners problem.

because if you don't pay you won't have anywhere to live.

In Korea it is standard for both the homeowner and the potential tenant to pay a commission to the realtor. If you are moving from your apartment after the contract is completed the homeowner pays the commission. If you are moving before the contract is over the tenant pays. When moving into a new apartment the tenant always pays.

I asked my sister-in-law who runs a very successful 부동산 and that's what she told me.
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