What’s 60,000 yen on the real estate commission fee?
When purchasing real estate in Japan, the brokerage fee is often expressed as “3% + 60,000 yen.” The 60,000 yen represents a fixed fee charged by the brokerage firm.
The calculation of real estate brokerage fees is based on the transaction price as follows:
- For properties priced at 2 million yen or less: The fee is 5% of the transaction price.
- For properties priced between 2 million yen and 4 million yen: 5% for the portion up to 2 million yen, and 4% for the portion exceeding 2 million yen.
- For properties priced over 4 million yen: 3% for the portion exceeding 4 million yen, plus an additional 60,000 yen.
In other words, when the property price exceeds 4 million yen, the brokerage fee is calculated as 3% of the transaction price plus an additional 60,000 yen.
https://www.arrowsrealty.com/column/agency-fee
If you would like to know the process of real estate purchase, please check the following.
https://www.arrowsrealty.com/process-of-real-estate-purchase.html
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