China Weighs Cap on Property Agent Commissions to Bolster Sales

China may impose a nationwide cap on real estate commissions to boost demand in the flagging property market and regulate brokerage fee collection, according to people familiar with the situation.

Authorities are considering a range of 2% to 2.5% of the sale price as a guide, one of the people said, asking not to be identified discussing a private matter. The cap, once in place, is likely to be adjusted every one to three years based on market conditions, the people said.