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A study on Fees of the Real Estate Brokerage and Appraisal

  • Public Land Law Review
  • Abbr : KPLLR
  • 2019, 87(), pp.287-301
  • Publisher : Korean Public Land Law Association
  • Research Area : Social Science > Law
  • Received : July 31, 2019
  • Accepted : August 20, 2019
  • Published : August 27, 2019

Lim, Suk-Nyeo 1 Kang. Tae-Hwan 1

1남서울대학교

Accredited

ABSTRACT

Since the 2000s, the value of real estate has soared in the global low interest rate trend. Korea is no exception. The decline in the benchmark interest rate is due to floods in the market and the rise in real estate prices. However, as the regime entered into force, it has prevented the rise of real estate prices through strong real estate regulation and financial regulation, but it is unclear whether such regulations will last long. In Korea, the proportion of construction and real estate in the economy is too large. Real estate is a very important asset to our people, although it is a little less lately. Therefore, the majority of people have a lot of interest in real estate. The first real estate activity that you encounter when you first encounter real estate in your social life will be your brokerage. If you sell real estate through intermediation, you will need a bank loan, and the second real estate activity you encounter at this time will be appraisal. As such, real estate brokerage and appraisal evaluation are the closest activities to the people in real estate activities. Thus, intermediation and appraisal are very closely linked with the economic life of the people, and real estate agents and appraisers who perform these activities play a very important role in the real estate economy. Therefore, the real estate agents and appraisers are entitled to fair compensation, and should be able to carry out normal economic activities through reasonable remuneration, but objective and reasonable intervention and appraisal will be made, which will contribute to the development of the national economy. However, there is a lot of controversy about the current brokerage commission and appraisal commission system, which is the difference between the reversal of commission fees, the amount limit, the sale and lease, and the difference between the basic fee of the appraisal evaluation fee and the fee based on the remuneration standard. This is it. In this regard, we will identify the problem and examine the improvement plan.

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