Kansas City Real Estate Crisis Cont'd

Update and overview of a turning point into how the speculative local house flipping game is played:

"In late October, a Kansas City jury found the National Association of Realtors (NAR) guilty of anticompetitive practices—namely forcing sellers to pay a commission fee to buyer’s agents—awarding the plaintiffs nearly $1.8 billion in damages. The landmark ruling in the Sitzer/Burnett case, and similar lawsuits filed in other jurisdictions since, disrupts the industry’s long-standing compensation model for buyer’s agents, and may serve to cut realtor fees—and with it, revenues—in an industry already struggling from the effects of a market in decline."

Read more via www.TonysKansasCity.com link . . .

FC: Why one Kansas City lawsuit could permanently change real estate