A median 4B house in greater Seattle area is now 1.5M+.
6% of that is 90,000. Buyer and seller agent each take 45,000. That’s about a Tesla for each of them.
Good realtors make a fortune without creating any productive value in economy. The house stays the same, just a big tax on exchange. Add that to lending fees, title fees, escrow fees and you’re easily looking at ~8% of transaction gone poof.
