UPDATE (6/11/24) — The VA released temporary guidance today that allows Veterans to pay real estate agent commissions when buying a home. The update aims to ensure that VA buyers aren’t disadvantaged in the marketplace when a landmark court settlement takes effect later this summer.
The short-term policy change allows VA buyers to pay their buyer’s agent, which until now had been a cost Veterans weren’t allowed to cover. The fee must be reasonable and customary for the Veteran’s housing market.
VA buyers can also still ask sellers to pay this fee at closing. Having a seller pay the buyer’s agent commission doesn’t count against the VA’s 4% cap on seller concessions.
https://www.veteransunited.com/education/nar-commission-settlement/