When purchasing a property in Japan, various additional costs arise beyond the purchase price.
What is Agency Fee?
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What’s Agency Fee?（仲介手数料）
In property transactions, a real estate company acts as an intermediary between the seller and buyer, handling various administrative procedures.
The compensation paid for this service is called an agency fee.
The agency fee is incurred only once when the contract is finalized.
According to the Real Estate Brokerage Act, the maximum amount of the agency fee is determined based on the property’s price as follows.
Amount
If the property is over ¥4,000,000(excluding tax), the agency fee is calculated as “transaction amount × 3% + ¥60,000 + consumption tax”.
If the property is over ¥2,000,000 up to ¥4,000,000(excluding tax), the agency fee is calculated as “transaction amount × 4% + ¥20,000 + consumption tax
If the property is ¥2,000,000 or less(excluding tax), the agency fee is calculated as “transaction amount × 5% + consumption tax”.
If you have any questions or concerns about buying a house in Japan, feel free to contact us!
