Bre Kelley, Chapter 2, Question 6

I was most interested in the passage about real estate agents and the selling of a house.  Your agent could list it for $280,000 and sell it extremely quick.  Or they could sell it for $320,000 and wait a while for a buyer who falls in love with it.  That is a $40,000 difference which is a lot of money.  But with waiting and selling at the larger price there is a 3% commission, and other expenses for keeping the house that could add up.  BUT your agent doesn't care if the price is favorable to you or not.  The incentive is to get the deal done.  Therefore, individuals act in their best interests that involve economic situations.