In an effort to address concerns within the mortgage industry, the VA is set to release a new circular aimed at resolving the issue surrounding VA borrowers being prohibited from paying their real estate agents. The upcoming circular is expected to “bridge the gap” and provide much-needed clarity on this longstanding policy.
Key points from the upcoming VA circular include:
– Addressing the prohibition on VA borrowers paying their real estate agents
– Providing clarification on the current policy to offer guidance to both borrowers and real estate agents
– Aim to create a more streamlined process for VA loans and home purchases
Stay tuned for more updates on the release of this important circular and how it will impact VA borrowers and real estate agents in the mortgage industry.
You can read this full article at: https://www.housingwire.com/articles/va-to-roll-out-temporary-fix-to-buyer-agent-commission-problem/(subscription required)
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