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Real Estate Brokerage Commission Rate Table Has a Cap… 10% VAT, and only 4% for Simplified Tax Agencies
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The real estate brokerage fee rate table posted on the wall of a brokerage office displays percentages for each transaction amount bracket. Many clients interpret these numbers as the "fixed price" and pay an additional 10% in VAT on top of it. However, the Licensed Real Estate Brokerage Act refers to these numbers as "limits." Within these limits, the client and the broker determine how much to pay. The amount of VAT that can be collected also …
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