If buying a house were like self-funded healthcare, you would find the house you want to buy, and ask the listing agent the sales price. The realtor wouldn’t tell you the price (it’s proprietary) but assures you it’s definitely very competitive, as their average home price is much less than half the cost of a private island. “May we check the quality of the lights, plumbing, and finish?” you ask. “Unfortunately, no, my agreement with the seller prevents you from intruding on their privacy.” The listing agent would then ask you to sign a contract hiring them to be your buyer's agent, too. “But didn’t you write the sales contract with the seller?” you ask. “Yes, to negotiate a good price for any buyers who may come along. Sign here and the house is yours!” Seeing your hesitation, the realtor says “Don’t worry, my commission is capped by law at 20% of the sales price.”
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Excellent illustration/analogy!
Thanks Bill, I’ve always been fascinated by the way we give healthcare commerce a pass in ways that would be considered ethical violations in other industries.