VA Issues Temporary Fix to Allow Buyer-Paid Broker Fees

HousingWire, June 11, 2024–Flavia Furlan Nunes
The U.S. Department of Veterans Affairs on Tuesday issued a temporary fix that will allow homebuyers using VA loans to pay for their real estate agent’s commission — i.e., the buyer-broker fee.

The change, a result of the National Association of Realtors’ (NAR) commission lawsuit settlement agreement, was anticipated late last month and commented on by Michelle Corridon, the deputy policy director at the VA, at a Mortgage Bankers Association conference. She said that a circular would be issued while the agency is engaging in a formal rulemaking process.
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