Real Estate Brokerage License: Who Qualifies and What You Get
Learn how to obtain your real estate brokerage license in South Korea and the requirements for maintaining legal authority to mediate property deals.
This license provides the legal authority required to mediate real estate transactions within South Korea.
Who it's for
This license is available to individuals who have successfully passed the national certification exam. Passing this specific exam is the primary requirement to qualify for the legal status of a real estate broker.
What you get
Once obtained, this license gives you the legal right to act as an intermediary in real estate deals. This authority allows you to professionally facilitate property transactions and mediate between buyers and sellers in the market.
What it costs you
Beyond the costs associated with the exam, you are responsible for paying an annual professional liability insurance fee. The cost for this insurance is approximately ₩200,000 KRW.
The catch to know
To comply with regulations, you must follow specific display rules regarding your credentials. You must display your license and your registration certificate in your office at all times.
How to apply
- Prepare for and pass the required national certification exam.
- Complete the registration process to obtain your official license.
- Arrange for the necessary annual professional liability insurance.
- Ensure your license and registration certificate are displayed in your office.
For more details, visit the official portal: https://www.q-net.or.kr