Agent commission lawsuits cast long shadow over VA, FHA borrowers
Housing Wire
NOVEMBER 7, 2023
Seller concessions for VA borrowers are capped at 4% of the home’s purchase price or appraised value and can cover some closing costs, including the VA funding fee and prepaid taxes. The Department of Veterans Affairs (VA) rules prohibit VA borrowers from paying real estate commissions. Realtors will have to decide, do I negotiate or not?
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