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How the NAR Commission Settlement Impacts VA Buyers

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/

 

 

I have been licensed for 18 years

Time flies when you’re having fun.

Just realized I will have had my real estate license for 18 years as of the end of december.
Sold a few ranches, houses, seen a major slowdown around 2008 that lasted about 4 years, and I’m suspecting another one is approaching, allthough I hope I am wrong.
Two things have remained constant during that 18 years in that (1) I continue fighting the american technology worker displacement and (2) I continue to find real estate to be the best possible job for somebody like myself that likes investments of all types..

Been a long 4 and 1/2 years

Those that know me know I was a software developer for decades.

Sadly the only people that need the skills I have are large businesses and large government agencies and for the last 20 years I’ve watched them send our best paying jobs offshore and import nonimmigrant guest workers to take our remaining best paying jobs.

This destroyed my once bright future, so in 2006 at the advise of a very good friend, I obtained my real estate license.

And in 2007 I sold my first 318 acre ranch and I thought, allright, I’ve got this.

Only to find that in the subprime mortgage crisis, the market pretty well dried up in this part of the country for about 4 years.

In 2014 I finally sold a 768 acre ranch which got me through a few more years.

In 2019 I finally gave up on software development and started drawing early social security at 62.

At the time I’m writing this, I have finally reached what they call full retirement age which now means I am not limited to making $20,000 or less per year.

This is why I have waited until now to renew my real estate license.

With the exception of taking the latest 18 hours of courses, and joining the MLS and TAR and NAR, I am once again legal and looking forward to doing business with you.

I like finding a way to sell properties that have been considered hard to sell, and if you have such a property, I would love to discuss it with you.