Re: the house, no, most people don’t sit and read it: https://themortgagereports.com/39671/home-closing-what-you-n... .
Even professional investors with millions of dollars of investments don’t appear to read or negotiate the documents until it looks like it might matter: https://www.creditslips.org/creditslips/2022/03/odd-lots-pod...
People just don’t care that much about legal documents until it looks like it will matter. People’s choice of individual contract provisions at most wage earning jobs, health care, rentals, or vacations is basically nil - they mostly don’t care to read it and so the writers of the contracts put in egregious terms.