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Gov’t to Lower Real Estate Brokerage Commission Cap

Gov’t to Lower Real Estate Brokerage Commission Cap

SEOUL, Sept. 3 (Korea Bizwire) — Starting from next month, the government will lower the real estate brokerage commission cap. The Ministry of Land, Infrastructure and Transport announced on Thursday that it will issue an advance legislation notice on the revised enforcement ordinance of the Real Estate Agents Act by Sept. 16. The brokerage commissions on real [...]