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GSEs will not count buyer agent commissions as IPCs

Housing Wire

Fannie Mae and Freddie Mac will not count buyer’s agent commissions as part of their allowable interested party contributions (IPCs), according to announcements from the government-sponsored enterprises (GSEs) on Monday. Department of Veterans Affairs seeking similar guidance on VA loans, but Sears said that letter remains unanswered.

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NAR, MBA ask for clarification on underwriting rules

Housing Wire

At the moment, IPCs “include concessions from the seller to the buyer for items that are traditionally paid by the buyer such as loan closing costs or rate buy-downs,” but as buyer agents are customarily paid by the listing agent, their fees are excluded from caps on the IPCs.

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How real estate professionals can help first responders buy a home

Housing Wire

Listen to all of these really great mortgage programs (most agents and buyers don’t know about these!) Stop relying so heavily just on your MLS! This service record may qualify for a Veteran Affairs (VA) loan. VA loans are not well understood by many Realtors. VA loans have no down payment requirement.

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What Home Sellers Need to Know about Closing Costs in Kentucky

HomeLight

In Kentucky, the average closing costs for sellers are approximately 2% of the sale price or $3,000 for a $150,000 home (which is the average selling price across the state) and the agent’s commission, which is 5-6% of the sale price or up to $9,000 on a $150,000 home sale for a total of approximately $12,000 in costs.

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How real estate professionals can help first responders buy a home

Real Trends

Listen to all of these really great mortgage programs (most agents and buyers don’t know about these!) Stop relying so heavily just on your MLS! This service record may qualify for a Veteran Affairs (VA) loan. VA loans are not well understood by many Realtors. VA loans have no down payment requirement.

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Opinion: Realtors, it’s time to raise your voice for consumers

Real Trends

And yet, in today’s world of technology, instant gratification and misinformation, local MLS broker marketplaces and real estate professionals can be taken for granted. So what can agents who are Realtors do? Advocate for local broker marketplaces Local MLS broker marketplaces create accessibility and ensure equity.

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Selling a House ‘As Is’ in Louisiana

HomeLight

Real estate attorneys are not considered essential for closing in the state of Louisiana Real estate transfer taxes? Review your options to sell ‘as is’ in Louisiana The main options to sell a house ‘as is’ include: List ‘as is’ with the help of a real estate agent A great real estate agent will assist in listing and selling a home “as is.”

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